US PPI for final demand rose 0.8% mom in May, matched expectations. For the 12-month period, PPI rose 10.8% yoy, down from April’s 10.9% yoy, below expectation of 10.9% yoy. PPI less food, energy and Read more…
Summary Prior to Friday, June 10, we shared the universal consensus that the FOMC would hike rates by 50 bps its June 15 policy meeting. But the higher-than-expected inflation print for May now has us Read more…
JPMorgan analyst Kenneth Worthington warmed pf “more downside to the shares should cryptocurrency markets not stabilize” as he slashed his price target on the group to $68 a share. Updated at 8:23 am EST Coinbase Read more…
The Japanese yen continues to drift this week. In the European session, USD/JPY is trading at 134.30, down 0.09% on the day. All eyes on the Federal Reserve The Federal Reserve holds its policy meeting Read more…
The S&P500 index fell 3.9% intraday on Monday, closing the index in the bear market territory. The Nasdaq collapsed more than 4.6%, losing a third of its all-time high in November last year. The dollar Read more…
Rate traders are locking-in bets on a 75 basis point rate hike from the Fed this week as inflation soars, growth slows and bond yields signal recession. U.S. equity futures bounced higher Tuesday, following the Read more…
The Bank of England has a major decision to make this Thursday. It’s a big week in central bank land and the Old Lady on Threadneedle Street is gracing us with her presence. The market Read more…
Elon Musk will meet with Twitter staff for the first time Thursday as the billionaire looks to smooth his $44 billion takeover path. Twitter (TWTR) – Get Twitter Inc. Report shares moved higher Tuesday, but still Read more…
In an interview, RBA Governor Philip Lowe said, “Australians need to prepare for higher interest rates”. He expects inflation to get to 7% by the end of the year, and “we need to be able Read more…
DAX breaks trend The DAX has fallen sharply over the past several days, along with global indices. The big upsurge in inflation has caused panic among global central banks, as they rush to tightening their Read more…