An official reading of US consumer inflation could determine the course of revisions in benchmark interest rates in the world's largest economy, ...
Analysts believe a further cooling off of inflation in the US will likely take away some of the concerns among aggressive hikes in the US interest rates. The US is due to release an official monthly reading of consumer inflation in the world's largest economy later on Tuesday. [RBI announced its a hike of 25 basis points in the repo rate](https://www.zeebiz.com/market-news/news-rbi-repo-rate-hike-repo-home-loan-interest-emi-inflation-gdp-projection-shaktikanta-das-remarks-221143) — the key interest rate at which it lends money to commercial banks — to 6.5 per cent, as widely expected by economsits. For all other news related to business, politics, tech, sports and auto, visit [Zeebiz.com](https://www.zeebiz.com/market-news/live-updates-sensex-nifty-stock-market-india-live-updates-jan-16-hdfc-bank-wipro-dmart-results-share-price-217366). [Latest Business News](https://www.zeebiz.com), [Stock Market](https://www.zeebiz.com/india/markets) Updates and [Videos](https://www.zeebiz.com/videos); Check your tax outgo through [Income Tax Calculator](https://www.zeebiz.com/personal-finance/income-tax-calculator) and save money through our [Personal Finance](https://www.zeebiz.com/personal-finance) coverage. The pan-European Stoxx 600 index was up 0.4 per cent at the last count. All eyes will be on the US consumer price index report for January, which could determine the course of interest rates in the US and the rest of the world. Economists say Fed policymakers will likely study every bit of detail in the incoming US inflation data for basing its decisions on the key US interest rates in the coming months. The release of inflation data by the US labour department is due at 1330 GMT on Tuesday (7 pm in India). The Fed has already ruled out the possibility of a reversal in the current cycle of rate hikes in 2023, though its Chairman, Jerome Powell, switched to a smaller rate hike of 25 bps this month. The February 14 decision on benchmark interest rates in the US comes at a time when the Fed and other major central banks around the globe have the Herculean task of taming red-hot inflation without causing a blow to economic growth amid fears of at least a mild recession. An official reading of US consumer inflation could determine the course of revisions in benchmark interest rates in the world's largest economy, and have repurcussions for other major economies including India, where the RBI delivered its sixth back-to-back increase in the repo rate in the current cycle earlier this month.
The consumer price index increased 0.5% last month after gaining 0.1% in December, data showed.
The dollar index fell 0.2% to 102.93. The annual CPI peaked at 9.1% in June, which was the biggest increase since November 1981. The consumer price index increased 0.5% last month after gaining 0.1% in December, data showed.
By Scott Kanowsky. Investing.com -- U.S. stock futures edged slightly higher on Tuesday, as investors awaited the release of fresh inflation data out of the ...
The U.S. [unemployment rate ](/economic-calendar/unemployment-rate-297)held at 3.7% in the three months to December, while the [claimant count ](/economic-calendar/claimant-count-change-39)fell almost 13,000 in January, instead of rising by nearly 18,000 as expected. The [European Central Bank ](/economic-calendar/ecb-interest-rate-decision-164)has raised interest rates by 3 percentage points since July and is expected to continue with at least another percentage point of increases before rates peak as [inflation](https://www.investing.com/academy/trading/inflation-definition/) remains elevated. Shares in the data analytics firm were up more than 18% in premarket trading. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. The blue-chip We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. Shares in Europe, particularly in Germany, France, and the U.K., are providing a strong handover to U.S. Helping the tone has been the data that showed the U.K.'s labor market remained relatively resilient despite the country's economic woes. stock futures inch higher ahead of key U.S. U.S.
Global markets: On account of higher than expected US inflation data, American markets fell on Tuesday session whereas European stocks climbed to one year ...
గత సంవత్సరం, 2022 జూన్ నెలలో అగ్రరాజ్యం చిల్లర ద్రవ్యోల్బణం రేటు (Retail inflation Rate) 9.1 శాతానికి ...
యూఎస్ ఫెడ్ లక్ష్యిత స్థాయి కంటే ప్రస్తుత ద్రవ్యోల్బణం ఎక్కువగా ఉన్నా, జనవరి నెలలో ఉపాధి గణాంకాలు (American Job Data) మాత్రం చాలా బలంగా ఉన్నాయి. ప్రస్తుతం, అక్కడ ద్రవ్యోల్బణం రేటు 6.4 శాతానికి చేరినా, ఫెడరల్ రిజర్వ్ (US FED) లక్ష్యమైన 2 శాతం కంటే ఇప్పటికీ మూడు రెట్లు ఎక్కువగానే ఉంది. యూఎస్ వినియోగదారు ధరల సూచీ (Consumer Price Index) ఆధారిత ద్రవ్యోల్బణం రేటు 2022 డిసెంబర్లోని 6.5 శాతం నుంచి 2023 జనవరిలో 6.4 శాతానికి తగ్గింది. ద్రవ్యోల్బణాన్ని ఎదుర్కోవడానికి ఫెడరల్ రిజర్వ్ వడ్డీ రేట్లను పెంచడం ఇంకా కొనసాగించినట్లయితే, ఈ సంవత్సరం US పాక్షిక మాంద్యాన్ని ఎదుర్కొంటుందని ఆర్థిక నిపుణులు భావిస్తున్నారు. గరిష్ట ద్రవ్యోల్బణాన్ని కిందకు దించడానికి ఆ దేశ సెంట్రల్ బ్యాంక్ ఫెడరల్ రిజర్వ్ నిరంతరంగా రుణ రేట్లు పెంచుతూ వచ్చింది. జనవరి నెలలో అమెరికాలో ద్రవ్యోల్బణం (Inflation in America) తగ్గింది.
The dollar rose on Wednesday in the wake of stubbornly high U.S. inflation data and tough talk on interest rates from Federal Reserve officials.
Year-on-year, prices rose 6.4%. That was down from 6.5% in December but above economists' expectations of 6.2%. The dollar climbed against most major currencies ...
Aussie/Dollar Dollar/Canadian Sterling/Dollar The dollar climbed against most major currencies on Wednesday, with the euro down 0.14% to $1.072. Dollar/Swiss Dollar/Yen economist Matthew Luzzetti said in a note to clients. Euro/Dollar The euro touched a 10-month high of $1.103 on Feb. Dollar/Dollar 0.6277 0.6338 -0.84% -1.02% +0.6338 +0.6277 inflation data and firm words on interest rates from Federal Reserve officials. Euro/Yen
Equity indexes rose while the dollar index fell on Tuesday after data showed that U.S. inflation slowed in January, but still rose faster than expected, ...
We'll send you a myFT Daily Digest email rounding up the latest Equities news every morning. US stock markets steadied on Tuesday despite disappointing ...
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U.S. consumer price index (CPI) inflation accelerated month-on-month in January, rising 0.5% as expected, due in part to higher rental and food costs.
The Australian dollar fell 1.2% to $0.69. The euro touched a 10-month high of $1.103 on Feb. economist Matthew Luzzetti said in a note to clients. The dollar climbed against most major currencies on Wednesday, with the euro down 0.14% to $1.072. The U.S. inflation data and firm words on interest rates from Federal Reserve officials. Meanwhile, China's yuan traded onshore hit a more than one-month low at 6.8498 to the dollar and was last at 6.839. "Inflation is likely to remain too high over at least the next few months," the bank's chief U.S. "It is a reaction to the CPI data, and also the tone of Fed officials recently," said Jane Foley, head of FX strategy at Rabobank. U.S. The dollar rose on Wednesday in the wake of stubbornly high U.S. At the interbank foreign exchange market, the local unit opened strong at 82.68 and touched an intra-day high of 82.62 and a low of 82.80 against the greenback.
(RTTNews) - Asian stock markets are trading mostly in the red on Wednesday, following the mixed cues from Wall Street overnight, as traders digest the ...
Among the other major gainers, Citizen Watch is soaring more than 11 percent, while Rakuten Group and Mitsubishi Chemical are surging almost 5 percent each. Market heavyweight SoftBank Group is losing more than 1 percent, while Uniqlo operator Fast Retailing is adding almost 1 percent. dollar is trading in the higher 132 yen-range on Wednesday. The major European markets also were mixed on the day. Mitsubishi Electric is flat. Fortescue Metals is declining more than 2 percent after posting a 15 percent drop in its half-yearly profit amid low iron ore prices and higher operating costs. Commonwealth Bank is slipping 4.5 percent, despite posting record half-yearly profit of $5.15 billion and announcing 20 percent higher dividend. They are also assessing the formal nomination of academic Kazuo Ueda as the next Bank of Japan governor. Resolute Mining and Gold Road Resources are flat. The broader All Ordinaries Index is down 68.40 points or 0.90 percent to 7,560.20. Among major miners, BHP Group is edging down 0.2 percent, while Rio Tinto and Mineral Resources are gaining almost 1 percent each. The benchmark S&P/ASX 200 Index is losing 77.10 points or 1.04 percent to 7,353.80, after hitting a low of 7,337.00 earlier.
Asia Pacific markets are trading mixed following the release of U.S. inflation figures.
[ Dow Jones Industrial Average](https://www.cnbc.com/quotes/.DJI/) and [ S&P 500](https://www.cnbc.com/quotes/.SPX/) closing lower. "When it comes to monetary policy, we must restore balance to the economy and bring inflation down to 2% on a sustained basis," Williams told a bankers group gathered in New York. He noted several factors that are complicating the inflation fight, such as rebounding economic growth in Europe and China. "I am confident that the gears of monetary policy will continue to move in a way that will bring inflation down to 2%. [Hang Seng index](https://www.cnbc.com/quotes/.HSI/) fell 1.65% in its final hour of trade, and the Hang Seng Tech index slid 1.13%. Federal Reserve needs to start cutting interest rates, he said, adding that the Fed could turn dovish in the third quarter and cut rates by year-end. Powell and company won't need to cut rates this year," he said. "We think that the dollar is on a trend weakness now as we go forward into 2024. So far, stock futures were taking the number in stride. [S&P/ASX 200](/quotes/.AXJO/) fell 1.06% to close at 7352.2, as financials saw sharp losses after Reserve Bank of Australia's governor Philip Lowe reiterated that inflation remains "too high." The flagship Adani Enterprises reported profit-after-tax of nearly $100 million for the October to December quarter. It further raised expectations that the U.S.
The dollar extended gains after data showed U.S. retail sales rose sharply after two straight months of monthly declines.
U.S. "It is a reaction to the CPI data, and also the tone of Fed officials recently," said Jane Foley, head of FX strategy at Rabobank. The greenback's moves came after earlier gains in the wake of stubbornly high U.S. The euro, meanwhile, extended losses against the dollar, and last traded at $1.0679, down 0.52%. Data for December was unrevised to show sales dropping 1.1% as previously reported. Economists polled by Reuters had forecast sales would increase 1.8%, with estimates ranging from 0.5% to 3.0%.