Western Union:The latest look at U.S. inflation was both dollar- and customer positive. Standing in the way of an imminent Fed rate hike is healthier U.S. inflation. The latest number offered progress with core consumer …
The latest look at U.S. inflation was both dollar- and customer positive. Standing in the way of an imminent Fed rate hike is healthier U.S. inflation. The latest number offered progress with core consumer prices unexpectedly rising 1.8% annually in April.
The uptick in inflation will pull forward market expectations of higher U.S. interest rates from later in the year which is favorable news for customers that benefit from a strong dollar.
Market uncertainties remain high with another risk event seen hours away when the Fed chair speaks on the U.S. outlook at 1 p.m. ET.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
