Gold advances as inflation data fuels Fed rate cut optimism
Gold gained on Wednesday after an inflation print came in line with expectations, boosting the likelihood of a Federal Reserve rate cut next week, while investors awaited U.S. Producer Price Index (PPI) data for further direction on monetary policy.
(Bloomberg) -- US consumer sentiment rose to the highest since April, while year-ahead inflation expectations picked up to a five-month high as Democrats saw a greater risk of price pressures ...
The dollar then shed losses after the University of Michigan Surveys for December showed consumer sentiment rising more than forecast while one-year inflation expectations rose to 2.9% from 2.6 ...
USD/CHF jumps to near 0.8900 as the SNB cuts its key borrowing rates by 50 bps to 0.5% against estimates of a 25 bps interest ...
Donald Trump’s win in the U.S. presidential election has bolstered the sentiment of Americans. Consumer sentiment, which was sinking until a few months ago, has jumped since his landmark victory in ...
The University of Michigan said its consumer sentiment index climbed to 74.0 in December from 71.8 in November. Economists ...
USD/JPY jumps to near 152.50 amid US Dollar strength ahead of the US inflation data. Economists expect the US CPI to have remained sticky in November. BoJ officials reiterated a data-dependent ...
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