Business & Economy, US Inflation in December unexpectedly eases, rate cut bets rise, Policymakers are still anticipated to keep rates steady at their meeting later this month.

US Inflation in December unexpectedly eases, rate cut bets rise

Business & Economy: The consumer price index (CPI) accelerated to 2.9 percent last month from a year ago, up from 2.7 percent in November, the Labor Department said in a statement on Wednesday.

US consumer inflation rises for third straight month in December

The dollar began the week on a cautious note Monday as markets prepared for upcoming US inflation data and a busy schedule of Federal Reserve speeches. Meanwhile, the yuan continued to struggle, weighed down by the lacklustre response to Beijing's most recent stimulus package, according to a detailed Reuters report.

Dollar prepares for US inflation data and remarks from multiple Fed officials

Minneapolis Federal Reserve President Neel Kashkari on November 10 stated that President-elect Donald Trump’s tariff proposals could worsen long-term inflation if global trading partners were to strike back, according to a report by CNBC.

Trump tariffs could spark inflation if global trade responds, says Kashkari

The Indian rupee plunged to an all-time low on November 4, reaching 84.1150 against the US dollar, as continued foreign investment outflows from Indian stocks overshadowed a weaker dollar that supported other regional currencies according to a report by Reuters.

Rupee hits record low amid equity outflows and US election uncertainty

The US consumer spending showed resilience in September, signaling continued economic strength, as highlighted in a report by the Commerce Department on Thursday.

US retail sales in September rose 0.4%, an improvement after economic concerns

Blackstone Inc. Chief Financial Officer Michael Chae said the firm is "cautiously optimistic about a soft landing," indicating the alternative asset manager is betting the Federal Reserve's efforts to jam inflation won't trigger a US recession.

Blackstone CFO Chae states US inflation is 'on target'

Buried deep in the minutes from the Federal Reserve's July 30-31 meeting, the central bank essentially declared victory in its battle against inflation. The Federal Open Market Committee — the Fed's rate-making body — is pleased with the falling inflation rates and easing tightness in the US jobs market.

Fed poised for rate cut as inflation victory nears

In July, the US annual inflation rate slowed to 2.9 per cent, its lowest level since March 2021, according to the latest report from the US Labor Department. The Consumer Price Index (CPI), a broad gauge of prices for goods and services, rose by 0.

US inflation drops to 2.9% in July, lowest since 2021: Key fed decision looms

US inflation likely picked up modestly in July but not enough to deter the Federal Reserve from a widely anticipated interest-rate cut next month. The consumer price index on Wednesday is expected to have risen 0.

Minor US inflation increase unlikely to hinder Fed rate cut in September

Federal Reserve Governor Lisa Cook was upbeat on the trajectory of the US economy on Wednesday, saying that inflation may further go down without a huge jump in unemployment.

US Fed's soft landing bet: inflation falls, jobs steady, rate cuts loom

Gold prices stalled Thursday, after touching a two-week low in the previous session. Investors eye US inflation data for signs of cooling that could spur the Federal Reserve to slash interest rates.

Gold prices stagnate as market awaits key US inflation data

Is the worst of inflation behind us? The latest US inflation report suggests a notable shift in the right direction, offering cautious optimism amidst ongoing economic uncertainties.

Is the US FED ready to start cutting rates?

Now, let's look at how markets opened this morning. Asian stocks declined to shrug off a positive session on wall street, with the S&P 500 hitting a fresh record high. Reason: A double-whammy of the US inflation report and the federal reserve decision landing later in the day kept traders on edge.

'Set the Alarm' rings across Asia ahead of FED & inflation

US import prices in April experienced their most noteworthy increase in two years, supported by higher costs for energy products and other goods. According to Reuters, this development suggests that domestic inflation may remain elevated for a longer period, complicating the economic outlook.

US import prices see largest surge in two years, raising inflation concerns

The US economy is currently experiencing a rare phenomenon: Strong growth alongside persistent inflation. The latest data shows GDP expanding at 2.4%, fuelled by a surge in hiring with over 300,000 new jobs added in march. However, inflation remains stubbornly high, well above the federal reserve's 2% target for the march quarter.

FED policy uncertainty casts shadow on global outlook

The US economy is struggling with a fresh surge in inflation, as consumer prices rose 3.5 per cent over the 12 months leading up to March, up from 3.2 per cent in February, according to data released by the US Labour Department.

Inflation surges in the US, dashing hopes of rate cuts

The latest data from the Labour Department revealed a higher-than-anticipated increase in US consumer prices in January, driven primarily by a surge in the cost of rental housing.

Rising rents propel US inflation; rate cuts still anticipated in 2024

The US Federal reserve left its benchmark rate unchanged at a 22-year high. As US inflation pressures fade, fed officials firmly declared an end to their aggressive interest rate hike campaign. But fed chair Jerome Powell attempted to reframe expectations for when and how quickly they will cut rates this year.

US Federal Reserve keeps rates on hold

Markets were relieved to see that US inflation fell significantly in October. The inflation figure is a leading indicator to signal the federal reserve has completed its interest rate hike cycle. The core consumer price index, which does not include food and energy prices, rose by 0.2% in October. The core gauge is seen by economists as a more accurate reflection of true inflation than the headline CPI.

Easing inflation erases bets on more fed rate hikes | World Business Watch

U.S. consumer prices remained unchanged in October, signalling a potential easing of concerns over rising inflation and leading to renewed hopes that the Federal Reserve might halt further interest rate hikes.

Slowing US inflation fuels optimism as Fed rate hike concerns subside: Report

A looming government shutdown threatens to postpone the release of a variety of US economic data, depriving markets, companies, and policymakers of crucial information on which to base decisions at home and abroad.

US: Impact of looming government shutdown on US economic data

Based on government data released on Wednesday, consumer inflation in the United States rose in August for a second consecutive month, increasing pressure on policymakers to lower prices.

US consumer inflation rises to 3.7 per cent in August: Report 

The Biden administration on Tuesday (August 29) unveiled a list of ten prescription medications that will undergo groundbreaking price negotiations within the US Medicare program.

US Inflation Reduction Act: Diabetes medications among first ten drugs for US price negotiations

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