Updated at 9:49 AM EDT The Federal Reserve’s preferred measure of inflation eased modestly in April, suggesting some early progress in slowing consumer-price pressures into the summer months. The Bureau of Economic Analysis’s PCE Price Read more…
Canada’s GDP was essentially unchanged in March, matched expectations. Both goods-producing and services-producing industries were essentially unchanged. Overall, 11 of 20 sectors increased in the month. Advance estimate suggests that GDP rose 0.3% mom in April. Increases in manufacturing, Read more…
US PCE price index rose 0.3% mom in April, matched expectations. Core PCE price index (excluding food and energy) rose 0.2% mom, below expectation of 0.3% mom. Prices for goods increased 0.2% mom, and prices Read more…
Costco Wholesale shares slipped in early Friday trading but remain on track for a solid monthly gain, after the bulk discount retailer posted impressive quarterly earnings, including surprise gains from big-ticket spending. Costco (COST) has Read more…
ECB Governing Council member Fabio Panetta suggested today that even multiple rate cuts would leave ECB’s monetary policy in a tight stance. Panetta emphasized the importance of managing these adjustments carefully to avoid macroeconomic instability, Read more…
As evidenced by the USD/CHF chart, yesterday one US dollar was worth 0.913 Swiss francs, but today it is already 0.903, indicating a rate drop of approximately 1%. According to MT Newswires, the franc’s strengthening Read more…
Check back for updates throughout the trading day U.S. equity futures edged lower Friday, while Treasury yields and the dollar held steady, as investors looked to close out a losing week on Wall Street while Read more…
The Canadian dollar is showing little movement on Friday, but that could change with the release of Canadian GDP and the US PCE Price index later today. USD/CAD is trading at 1.3660 in the European Read more…
Eurozone CPI accelerated from 2.4% yoy to 2.6% yoy in May, above expectation of 2.5% yoy. CPI core (ex-energy, food, alcohol & tobacco) also jumped from 2.7% yoy to 2.9% yoy, above expectation of 2.7% Read more…
GBP/USD is attempting a recovery wave from 1.2680. USD/CAD is rising and might aim for a move above the 1.3690 resistance zone. Important Takeaways for GBP/USD and USD/CAD Analysis Today The British Pound started a Read more…