News Formal

Stocks, gold bounce after cooler US inflation; Fed imminent

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 66%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

LONDON :Global shares rallied, while the dollar sank and gold surged on Wednesday, after data showed U.S. consumer inflation was a lot milder than expected in May, increasing the chances of a markets-friendly interest rate cut as soon as September. The Bureau of Labor Statistics said U.S.

FILE PHOTO: People walk on an overpass past office towers in the Lujiazui financial district of Shanghai, China October 17, 2022. REUTERS/Aly Song/File PhotoLONDON :Global shares rallied, while the dollar sank and gold surged on Wednesday, after data showed U.S. consumer inflation was a lot milder than expected in May, increasing the chances of a markets-friendly interest rate cut as soon as September.

Even though prices did not change on a monthly basis, inflation likely remains too high for the Federal Reserve to start cutting interest rates before September against the backdrop of a persistently strong jobs market. "While September may be on the table, today would have had to be the first of a handful of inflation data prints that went right, which it did," Lindsay Rosner, head of multi-sector investing at Goldman Sachs Asset Management, said.

Next up is the Fed rate decision. The central bank is not expected to make any change to interest rates at its policy meeting. Instead, the focus will be on whether it keeps three rate cuts in its"dot plot" projections for this year.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 6. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Stocks inch lower, dollar firm as Fed focus intensifies; crypto soarsTOKYO : Asian stocks drifted lower while the dollar held firm on Tuesday as investors awaited minutes of the Federal Reserve's latest policy meeting to gauge the timing and extent of possible interest rate cuts this year.
La source: ChannelNewsAsia - 🏆 6. / 66 Lire la suite »

Singapore stocks open higher on Thursday following global market gains—STI climbed by 0.5%Heavily traded stocks included Thai Beverage, Genting Singapore, and Mermaid Maritime.
La source: IndependentSG - 🏆 9. / 63 Lire la suite »

Currency market steadies ahead of US inflation test, Fed decisionTOKYO : The dollar steadied on Wednesday after hitting a four-week high against peer currencies overnight as market players awaited key U.S. inflation data and the Federal Reserve's updated interest rate projections due later in the day.The U.S.
La source: ChannelNewsAsia - 🏆 6. / 66 Lire la suite »