pstrongInflation

Inflation Plummets in Euro Area as ECB Faces Tough Decisions

by

Frankfurt am Main, Germany – Fans of Portugal erupted into cheers as their team emerged victorious over Slovenia in a thrilling penalty shootout during the UEFA EURO 2024 round of 16 match at the Frankfurt Arena on July 1, 2024. The atmosphere inside the stadium was electric as Portugal secured their spot in the next stage of the tournament with a nail-biting win. According to the European Union’s statistics agency, headline inflation in the euro …

Read more

Inflation Eases, Wall Street Drops: Is a Rate Cut Coming Soon?

by

New York, New York: Stocks on Wall Street experienced a downturn on Friday, closing lower after a three-week winning streak for the S&P 500. The index ended the day 0.4% lower, while the Nasdaq composite fell by 0.7% and the Dow Jones Industrial Average dropped by 0.1%. This decline comes despite both the S&P 500 and the Nasdaq remaining close to their all-time highs. The market saw a late burst of selling, possibly driven by …

Read more

Inflation Relief: US Stocks Soar as Prices Cool Down and Biden-Trump Debate Fallout Rattles Investors

by

New York, NY – US stocks experienced a boost on Friday as the latest data showed a decrease in inflation, which was eagerly observed by investors amidst the aftermath of the recent Biden-Trump debate. The S&P 500 index made modest gains, inching closer to its record high, while the Nasdaq Composite and Dow Jones Industrial Average also saw positive movements. The stock market seemed poised for a positive conclusion to a turbulent week, marked by …

Read more

Inflation Data: US Stock Futures Soar as Key Fed Inflation Data Reveals Prices Rose at Slowest Pace Since March 2021

by

New York, NY – US stock futures saw a rise on Friday due to a decrease in inflation, as investors also digested the aftermath of the recent Biden-Trump debate. The S&P 500 futures surged by approximately 0.3%, moving closer to its record high, while Nasdaq 100 contracts climbed by 0.4%. Meanwhile, Dow Jones Industrial Average futures remained steady. Investors are looking forward to a positive end to a turbulent week that witnessed the S&P 500 …

Read more

Inflation Report Awaits: Walgreens and Levi Strauss Tank While McCormick and Micron React – What’s Next for the Stock Market?

by

NEW YORK – Stock indexes in Wall Street remained relatively stagnant in Thursday afternoon trading as investors anticipated a crucial report on inflation. The S&P 500 saw a slight 0.1% decline, with a mix of both gaining and losing stocks in the index. The Nasdaq, just below its all-time high, experienced a 0.2% increase, while the Dow Jones Industrial Average slipped marginally by 8 points. Walgreens Boots Alliance encountered a significant 25.2% drop, marking the …

Read more

Inflation Report Looms Over Markets: Asian Shares Drop Amidst Uncertainty

by

Bangkok, Thailand – Investors in Asian markets are closely monitoring a key U.S. inflation report set to be released on Friday, which could have significant implications for future interest rate decisions. This anticipation has led to a decline in shares in major markets, with Tokyo, Hong Kong, and Sydney experiencing drops of more than 1%. Alongside this, oil prices and U.S. futures have also seen a decrease. The spotlight this week shines on the upcoming …

Read more

Inflation Stick around 2% Target! Fed Downgrading Rate Cut Outlook

by

Washington, D.C. – Federal Reserve officials are expected to adjust their outlook on interest rate cuts in light of recent economic developments. As inflation persists above the targeted 2% level, the policymakers are likely to project a reduced number of rate cuts compared to their previous estimations. The quarterly economic forecasts to be released after the latest meeting will offer insights into the Fed’s new stance on monetary policy. The Fed’s decision will be influenced …

Read more

Inflation Warning: Bank of Japan May Miss 2% Target by 2025, Warns BOJ Board Member Nakamura

by

Tokyo, Japan – Bank of Japan board member Nakamura raised concerns about the country’s ability to meet its inflation target during a recent speech in Sapporo. Nakamura’s remarks cast doubt on the likelihood of inflation reaching the desired 2% by 2025 due to subdued household spending and limited price increases by companies. The central bank had previously forecasted core consumer inflation to hit 1.9% in fiscal years 2025 and 2026. In another economic development, Australia …

Read more

Inflation Not Worsening: Wall Street Reaches Record High After Latest Reading – What’s Next?

by

New York (AP) – Wall Street closed the month of May on a positive note as stocks surged on Friday following a report suggesting that inflation is not currently accelerating. The S&P 500 witnessed a 0.8% increase, marking its sixth winning month out of the last seven. After recovering from a challenging April, the main indicator of the U.S. stock market hit an all-time high towards the end of the month. The Dow Jones Industrial …

Read more

Inflation Jumps to 2.9% Beyond Expectations as ECB Prepares for June Rate Cut

by

Frankfurt, Germany – Inflation data released today revealed a rise in core inflation, excluding the volatile effects of energy, food, alcohol, and tobacco. The increase to 2.9% from 2.7% in April surpassed economists’ expectations of a flat reading. The European Central Bank (ECB) is widely anticipated to cut interest rates at its upcoming meeting on June 6, marking the first reduction since 2019. The central bank for the 20-nation euro area had initiated a hiking …

Read more