![]() ![]() It said the dollar declined after July's weaker-than-expected CPI print but the Federal Reserve has since downplayed the importance of the figures. MUFG Bank said the currency could extend losses if today's inflation data undershoot expectations. The dollar edged lower against a basket of currencies as Ukraine recapturing territory from Russia reduces flows into safe-haven assets. ![]() Read : Soft Landing More Likely Than Recession, Say JPMorgan Strategists. The numbers aren't expected to do much to change expectations that the Fed will hike rates by 75 basis points later in the month, but could change the market's view on how high the Fed will eventually take rates. "On balance our central thesis on inflation is do not be surprised if inflation surprises to the downside in the months to come." "We will repeat what we have said many times-by yearend core inflation will be in a better place and in an even better place as we get toward the middle of next year," RBC Capital Markets said. That should help investors gauge the path ahead for interest rates before the next Federal Reserve meeting. Tuesday brings another test for markets with the release of consumer-price inflation data. The Dow industrials and the S&P 500 are both up more than 3% for the past five sessions. ![]() Stock futures inched higher ahead of fresh inflation data that could be key in determining the speed and pace of interest-rate increases for the rest of the year. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |