Inflation Eases in October, A Glimmer of Hope for Consumers Amidst Economic Uncertainties
In October, consumer prices in the U.S. rose by 3.2% compared to the previous year, signaling a noteworthy slowdown and offering respite for consumers. The data reflects a 0.5% decline from September, showcasing progress in the Federal Reserve’s campaign to curb inflation. While the drop in gas prices contributed to this decline, core inflation, excluding food and energy prices, only slightly decreased to 4.0% in October. The positive development comes amid robust economic growth, with the GDP expanding at a rate of 4.9% over the three months ending in September. However, challenges such as rising long-term borrowing costs and record-high credit card debt pose potential risks to sustained economic growth.
Stocks fall on rate hike bets, yen drops to 24-year low
European stock markets opened in the red on Wednesday after U.S. economic data prompted traders to ramp up Federal Reserve rate hikes bets, pushing the dollar to a 24-year high against the Japanese yen.
Foreigners turn net buyers of Japanese stocks in week to May 6
Foreign investors were net buyers of Japanese stocks in the week ended May 6 as some investors scooped up shares in banking and commodity-related sectors, despite a sell-off in broader Asian markets.
Analysis: Investors see risks spiking, fear market-wide liquidity crunch
Wild swings in asset prices following Russia’s invasion of Ukraine are prompting some investors to pare risk in their portfolios, fearing that the type of volatility seen in commodities in recent weeks could hit other markets.
Analysis: Investors see risks spiking, fear market-wide liquidity crunch
Wild swings in asset prices following Russia’s invasion of Ukraine are prompting some investors to pare risk in their portfolios, fearing that the type of volatility seen in commodities in recent weeks could hit other markets.
Marketmind: Transitory faith in transitory inflation
Say your economy is growing at about 5% annually, it just hit a 10-year inflation high of 3% read more amid labour shortages and enjoys negative yields on benchmark government bonds .
Shares lifted by prospect of lower rates for longer
Global shares posted their longest winning streak in three months on Monday, aided by the chance of low interest rates for longer in the United States and talk of more stimulus in Japan and China, while oil slid as the Saudis cut prices for Asian customers.
Marketmind: Who’s rocking the boat now?
From Fed boss Jerome Powell on Friday to the Cleveland Fed’s Loretta Mester on Monday, the doves have been out in force, sending the dollar to two-week lows, Treasury yields below 1.3% and putting the S&P 500 (.SPX) on track for its longest monthly winning streak since 2018.
The S&P 500 nabs another all-time closing high ahead of Jackson Hole
Wall Street gained ground on Wednesday, with chipmakers and financials helping to push the S&P 500 and the Nasdaq to record closing highs as investors look to the upcoming Jackson Hole Symposium for assurances that Federal Reserve’s timeline for policy tightening remains intact.
Marketmind: Europe’s powerhouse just isn’t feeling it
As the COVID-19 Delta variant and supply chain disruptions persist globally, damage inflicted on business sentiment in Europe’s biggest economy could become clear in Wednesday’s Ifo German business sentiment index.
