Gold extends gains over 1% as US PPI data solidifies rate cut hopes
Gold rose over 1% on Friday after a U.S. inflation data cemented prospects of a rate cut next month, restraining the dollar below recent highs, while safe-haven demand stemming from the geopolitical tensions in the Middle East also lifted the bullion.
What does PPI say about the Fed’s next rate cut?
The Producer Price Index (PPI) held steady month-over-month, coming in cooler than expected, though the inflation indicator saw more significant year-over-year increases than estimated. Wolfe Research chief economist Stephanie Roth joins Seana Smith and Brad Smith on Morning Brief to discuss the latest economic data and what signals about the Federal Reserve’s next move in the ongoing rate easing cycle.
China's consumer inflation rate fell in September, while producer price deflation deepened, even as Beijing rolls out more ...
September's producer price index shows inflation up slightly and producer prices down slightly. But a "flat" index can still ...
Friday's September producer price index report wasn't quite as hot as Thursday's CPI report. Therefore, it should help to ease investors' concerns about a potential re-acceleration of inflationary ...
Wall Street's main indexes were set to open flat-to-slightly lower on Friday, after a mixed set of producer prices data kept ...
The producer price index for final demand remained flat month-over-month (s.a.), less than the expected 0.1% growth.
Treasury yields rose Friday after the latest inflation report, with yields on longer-dated notes and bonds seeing the biggest increase. PPI data came in largely in-line with expectations in September, ...
U.S. stock indexes were mixed at the open on Friday, as traders kept bets on a 25-basis-point Federal Reserve rate cut in ...
The combination of the stronger-than-expected US September jobs report and the slightly firmer inflation readings lifted US interest rates and the dollar.
Stock futures ticked higher after wholesale price inflation came in below expectations. Dow futures were up 0.1%. S&P 500 futures were up 0.1%. Nasdaq 100 futures were down 0.1%. Though the market ...
"CPI might have seemed hot, but PPI was not. Overall, these numbers are getting less impactful as inflation moderates." ...
Bitcoin appears to take a hot PPI print in its stride after a 4% BTC price recovery. Bitcoin ( BTC) edged toward $61,500 into ...
Some results have been hidden because they may be inaccessible to you
Show inaccessible results
Feedback