Summary The overall progress in reining in decades-high inflation should be on display with the September CPI report. We look for the headline to advance 0.1%, which would bring the year-over-year rate down to 2.3% and point to headline PCE rising 2.0%—directly on the FOMC’s target in what will be the last read on inflation […]
The post September CPI Preview: Sticky-Looking Core to Be Temporary appeared first on Action Forex.
Market picture The crypto market lost another 1.44% of its capitalisation in 24 hours to $2.13 trillion. The pressure is due to the ongoing wave of dollar gains and declines in risk assets due to Read more…
Cable remains firmly in red and accelerated lower on Thursday morning, falling over 1% for the session. Sterling came under increased pressure from dovish comments from BoE Governor Bailey, who said the central bank could Read more…
The NZD/USD pair continues its downward trend, dropping to 0.6240 in its third consecutive session of declines. This ongoing sell-off in the New Zealand dollar is driven by market expectations of an upcoming interest rate Read more…