Federal Reserves

September CPI: Inflation at 2.4% The pace of price increases in September surprised many, as the US Labor Department reported an uptick in inflation. The Consumer Price Index (CPI), which measures the cost of goods and services, increased by 0.2% for the month, bringing annual inflation to 2.4%, slightly above expectations. Core Prices and Key […]

Global stocks advanced on Wednesday, accompanied by a rise in U.S. Treasury yields, after the release of the Federal Reserve’s September meeting minutes indicated more rate cuts could be on the horizon.

The U.S. dollar strengthened against major currencies on Tuesday after Federal Reserve Chair Jerome Powell pushed back against expectations of more significant interest rate cuts.

Wells Fargo has submitted a third-party review of its risk management and control improvements to the Federal Reserve in an effort to lift the USD 1.95 trillion asset cap imposed on the bank, according to a Bloomberg News report citing sources familiar with the matter.  

The Federal Reserve’s recent interest rate cut and its commitment to further easing continue to fuel optimism in global financial markets, positioning Asian stocks for a positive start to the week.  

The dollar fell against the yen on Friday, while gold reached a record high as expectations for a substantial Federal Reserve rate cut increased.  

All three major U.S. stock indexes closed higher on Wednesday, driven by strong gains in the technology sector. This uptick helped offset investor disappointment following a morning inflation report that dampened hopes for a significant interest rate cut by the Federal Reserve next week.

The U.S. dollar declined against several major currencies on Tuesday as markets prepared for key inflation data and a much-anticipated U.S. presidential debate. Despite these events, analysts believe neither outcome is likely to significantly alter the current direction of monetary policy. 

The S&P 500 closed lower on Monday, weighed down by a drop in AI giant Nvidia ahead of its highly anticipated quarterly report this week. Investors are also awaiting key inflation data for more clues on the Federal Reserve’s interest rate cut plans.

Investors poured USD 37 billion into money market funds (MMFs) in the week leading up to Wednesday, as they anticipated the U.S. Federal Reserve’s expected interest rate cut in September, according to Bank of America on Friday.