The future path of U.S. interest rates may become clearer this week when Federal Reserve Chairman Jerome Powell delivers his speech at the central bank’s annual retreat in Jackson Hole. Before then, the Democratic National Convention will begin, global PMI data will shed light on economic strength and energy markets are likely to remain volatile […]
Dollar Gains Bearish Momentum, Pound Reaches One-Month Highs
The U.S. dollar fell ahead of the release of the Federal Reserve’s July monetary policy meeting minutes and Chairman Jerome Powell’s upcoming speech at Jackson Hole near the end of the week. Dollar Downtrend Begins To Gain Momentum The minutes, which will be released on Wednesday, and Jerome Powell’s speech on Friday are likely to […]
U.S. Inflation Slows in July to 2.9%, Bitcoin Dips Below $61,000
U.S. inflation showed signs of slowing in July, aligning with economists’ estimates and paving the way for a possible interest rate cut. The U.S. Consumer Price Index (CPI), a widely analyzed measure tracking the cost of a broad basket of goods and services, increased slightly by 0.2% month-over-month in July, leaving the 12-month inflation rate […]
U.S. Inflation Rose Less Than Expected in July, CPI Increased by 2.9% Annually
U.S. consumer prices increased in July at a slower-than-expected annual rate, raising the likelihood that the Federal Reserve will begin to cut interest rates at its next scheduled meeting in September. The Labor Department’s consumer price index (CPI) rose by about 2.9% last month, slowing slightly from 3.0% in June. Economists had estimated that the […]
Dollar Awaits CPI, Pound Falls
The U.S. dollar stabilized on Wednesday, benefiting from the previous night’s weakness ahead of the release of the July Consumer Price Index, while the British pound weakened following benign inflation data. Dollar Slides on CPI Expectations The U.S. dollar retreated on Tuesday after the Producer Price Index (PPI) for July came in below expectations, prompting […]
U.S. Wholesale Inflation Moderated in July, Sign of Easing Price Pressures
U.S. wholesale price increases slowed in July, indicating that inflationary pressures are moderating as the Federal Reserve (Fed) moves closer to potentially cutting interest rates, expected early next month. The Labor Department reported Tuesday that its Producer Price Index (PPI), which tracks inflation before it reaches consumers, rose 0.1% from June to July and 2.2% […]
Dollar Rises in Light of PPI, Pound Rises on Wage Data
The U.S. dollar traded within a narrow range as traders awaited the July Producer Price Index (PPI) data, the first of the week’s inflation data, as a roadmap for future monetary policy decisions by the Federal Reserve. Dollar Awaits PPI Data The Producer Price Index, which measures changes in producer prices, is expected to rise […]
Tether Prepares for the Future: 200 Employees by 2025
The aim of this strategic expansion is to strengthen key sectors such as compliance and finance. From Tether’s headquarters in Hong Kong, the creator of the largest stablecoin on the market has announced its ambitious plans to double its workforce in the coming months. Strategic Growth in Turbulent Times In an exclusive interview with Bloomberg […]
Market Highlights for the Week: Inflation, Volatility, UK
Investors will be watching key inflation data set to be released next Wednesday for clues about the potential magnitude of an expected rate cut by the Federal Reserve in September. Markets are likely to remain volatile, and retail sales results will be monitored for signs of strength in consumer spending. Here’s a look at what’s […]
Dollar Rises Ahead of CPI
The U.S. dollar rose on Monday during a light trading day as traders awaited the release of key inflation data later in the week, seeking clues about the Federal Reserve’s upcoming policy decisions. Dollar gains on CPI expectations The dollar received support at the end of the previous week after better-than-expected U.S. jobs data led […]