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 ...
The sister report to yesterday’s Consumer Price Index (CPI), which details retail pricing and inflation, is this morning’s ...
Wall Street's main indexes were set to open flat-to-slightly lower on Friday, after a mixed set of producer prices data kept ...
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 ...
However, core PPI — which excludes volatile food and energy categories — increased 0.1% in September month-to-month, ...
The Producer Price Index (PPI) for final demand in the US rose 1.8% on a yearly basis in September, the data published by the ...
China producer price index PPI which measures costs for goods at the factory gate went down 28 percent year on year in September the National Bu ...
On October 11, 2024, U.S. released Producer Prices report for September. The report indicated that PPI remained unchanged on ...
BEIJING, Oct. 13 (Xinhua) -- China's producer price index (PPI), which measures costs for goods at the factory gate, went down 2.8 percent year on year in September, the National Bureau of Statistics ...
Bitcoin appears to take a hot PPI print in its stride after a 4% BTC price recovery. Bitcoin ( BTC) edged toward $61,500 into ...
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