August CPI Report to Shape Fed Rate Hike Odds Before Meeting
Friday's August CPI report, the final inflation data before the Fed's meeting, is expected to decide rate hike odds after PPI raised them above 70%.
Friday's August CPI report, the final inflation data before the Fed's meeting, is expected to decide rate hike odds after PPI raised them above 70%.
Brent and WTI both climbed 6% for a ninth straight session, sending Brent to its highest level since May. The rally is set to produce an ugly September CPI…
The US dollar has stalled for a month; a weak dollar could raise import costs for American consumers.
Bitcoin dropped over 2% on Thursday, trading near $77,200, as US-Iran tensions lifted oil prices and traders priced in a Fed rate hike.
Oil crosses $100, 10-year yields reach 4.90%, and hot PPI reinforces Sept. 16 Fed hike bets.
US August PPI came in at 5.4% annually, slightly above the 5.3% forecast, with dollar strengthening on the data.
The dollar strengthened against major currencies as Treasury yields rose ahead of the US PPI report and ECB decision. Markets also monitored geopolitical…
Rising oil prices above $100 push bond yields higher as inflation concerns persist, with central banks facing increasing pressure.
Markets see high odds the ECB, Bank of Japan and Federal Reserve all raise rates this month, with the Fed's decision hinging on Friday's CPI report.
EUR/USD has erased most losses from Warsh's hawkish speech ahead of the ECB rate decision, with the US CPI also in focus.
Gold held near $4,400 as traders awaited US inflation data that could clarify the Fed's rate path.
The 10-year Treasury yield climbed above 4.8%, stocks fell a third day, oil topped $100, and the $6B buyback failed to calm markets.
Bitcoin's daily chart shows a golden cross, but weekly moving averages suggest confirmation is still pending.
The US Treasury's $6 billion bond buyback, triple its usual size, failed to lower yields as the market sold off. Critics called the plan a bluff.
The Indian rupee unwound gains from RBI intervention, with traders eyeing US CPI and oil prices.