Asian markets mixed as focus turns to US inflation report - Markets thejakartapost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thejakartapost.com Daily Mail and Mail on Sunday newspapers.
Gold trades with modest gains ahead of US CPI and Retail Sales data fxstreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fxstreet.com Daily Mail and Mail on Sunday newspapers.
Dollar remains broadly under pressure during Asian session as markets await the highly anticipated US CPI data. Expectations of Fed rate cuts have been building again since non-farm payroll data indicated a loosening job market. However, for the Fed to consider monetary easing, it is crucial that inflation shows signs of following suit with clear decline. Fed Chair Jerome Powell, appearing unperturbed by the stronger-than-expected PPI readings released yesterday, described the data as "mixed" rather than "hot." Additionally, he reiterated that the next move in interest rates is unlikely to be a hike. Today's CPI data will be pivotal in shaping both market expectations and Fed's future policy direction.
Morning bid: New stock records jump the CPI gun marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.