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1 day, 10 hours ago

Gold extends gains after US inflation data eases rate cut worries

* Fed policymakers say easing will resume in 2025 but after pause * Trump's initial decrees could be bullish for gold, says analyst * Gold speculators cut net long position By Rahul Paswan Dec 23 - Gold extended gains on Monday after a softer-than-expected U.S. inflation reading revived hopes for further monetary policy easing by the Federal Reserve in the …

Gold Worries Fed

3 days, 2 hours ago

U.S. consumer spending rises in November; monthly inflation subsides

The Hindu

U.S. consumer spending increased in November, underscoring the economy's enduring strength, which prompted the Federal Reserve this week to project fewer interest rate cuts in 2025 than it had three months ago. Consumer spending, which accounts for more than two-thirds of U.S. economic activity, rose 0.4% last month after a downwardly revised 0.3% gain in October, the Commerce Department's Bureau …

Consumer Inflation Spending Consumer Spending Fed Quarter Rate

4 days, 5 hours ago

Federal Reserve’s preferred inflation gauge shows price pressures eased last month

Associated Press

WASHINGTON — An inflation gauge that is closely watched by the Federal Reserve barely rose last month in a sign that price pressures cooled after two months of sharp gains. The modest monthly inflation figures in Friday’s report point to one likely reason why the Fed was willing to cut its benchmark interest rate Wednesday: Its preferred inflation gauge, known …

Inflation Index Price Month Fed Rate Cut

4 days, 15 hours ago

Gold price today: Rates edge higher, but dollar’s strength limits gains; experts outline key levels for MCX Gold

Live Mint

Gold price today: Gold rates edged higher in the domestic futures market during the morning session of trade on Friday, December 20, even as the dollar's strength, following strong US macroeconomic data, capped gains for the yellow metal. "Manav Modi, a commodity research analyst at Motilal Oswal Financial Services, pointed out that amidst the US Fed's hawkish comments and macro …

Support Gold Price Resistance Jain Mcx Gold

4 days, 19 hours ago

Rupee hits all-time low against US dollar. Why is it under pressure?

India Today

The Indian rupee weakened to a record low of 85.10 against the US dollar on Friday, weighed down by persistent dollar strength following robust US economic data that reinforced the Federal Reserve's hawkish stance. Additionally, the US Federal Reserve’s projection of fewer rate cuts in 2025 amid sticky inflation has strengthened the US dollar, making emerging market currencies like the …

Low Rupee Dollar Us Dollar

5 days, 5 hours ago

U.S. economy grows at 3.1% pace in third quarter, an upgrade from previous estimate

Associated Press

WASHINGTON — The American economy grew at a healthy 3.1% annual clip from July through September, propelled by vigorous consumer spending and an uptick in exports, the government said in an upgrade to its previous estimate. Third-quarter growth in U.S. gross domestic product — the economy’s output of goods and services — accelerated from the April-July rate of 3% and …

Economy Inflation Spending Consumer Spending Rate Third Quarter Estimate

5 days, 12 hours ago

Gold bounces back from Fed-induced slump to one-month low

Live Mint

* Fed projects fewer rate cuts in 2025 * Gold hits lowest since Nov. 18 earlier in the session * Investors await US PCE data due on Friday By Rahul Paswan Dec 18 - Gold prices erased losses to gain on Thursday, after dipping to the lowest level in a month earlier in the day on the Federal Reserve's hint …

Gold Fed Rate Low Pce

US Fed slashes rates by 25 basis points, bracing for policy uncertainty

China Daily

Xinhua | Updated: 2024-12-19 09:29 Photo taken on April 20, 2022 shows the US Federal Reserve building in Washington, DC, the United States. WASHINGTON -- The US Federal Reserve on Wednesday slashed interest rates by 25 basis points, the third consecutive rate cut in this easing cycle, as it braces for uncertainty stemming from the incoming Donald Trump administration's tariff …

Policy Committee Federal Fed Rate Powell Basis

US Fed slashes rates by 25 basis points, bracing for policy uncertainty

China Daily

WASHINGTON -- The US Federal Reserve on Wednesday slashed interest rates by 25 basis points, the third consecutive rate cut in this easing cycle, as it braces for uncertainty stemming from the incoming Donald Trump administration's tariff policies. In support of its goals, the committee decided to lower the target range for the federal funds rate by 25 basis points …

Policy Committee Federal Fed Rate Powell Basis

1 week, 2 days ago

Wall Street week ahead: Spotlight on Federal Reserve’s last interest rate decision of 2024

Live Mint

The spotlight on Wall Street in the week ahead will be on the US Federal Reserve’s last monetary policy decision of this year. Besides Fed decision, market participants will have a lot of economic data including retail sales, Q3 GDP growth, personal income, and PCE index. On December 18, FOMC interest rate decision will be declared and Fed Chair Jerome …

Fed Interest Rate Separate Reports

3 weeks, 5 days ago

US Economy Expands 2.8% In Q3, Driven By Strong Consumer Spending

ABP News

The US economy grew at a robust annual rate of 2.8 per cent from July to September, driven by solid consumer spending and a surge in exports, the government reported on Wednesday. Consumer spending, which drives about 70 per cent of US economic activity, accelerated to a 3.5 per cent annual rate in the third quarter, up from 2.8 per …

Economy Growth Inflation Spending Consumer Spending Cent Quarter

3 weeks, 6 days ago

Wall Street today: US stock indices mixed after PCE inflation data

Live Mint

US stock indices were mixed on Wednesday as investors assessed Personal Consumption Expenditure inflation report. At 10:03 a.m. the Dow Jones Industrial Average rose 47.83 points, or 0.11 per cent, to 44,908.14, the S&P 500 lost 8.68 points, or 0.14 per cent, to 6,012.95 and the Nasdaq Composite lost 87.31 points, or 0.46 per cent, to 19,088.26. A Commerce Department …

Cent Pce

1 month ago

Wall Street week ahead: Investors eye Q3 GDP, PCE inflation, Federal Reserve minutes

Live Mint

Market participants on Wall Street in the holiday-shortened week ahead will have a lot of significant economic data to watch for. Among the economic reports, the week will see third quarter gross domestic product numbers, the personal income and Personal Consumption Expenditures price index data, the Fed’s preferred inflation gauge, for October. On November 27, separate reports on durable-goods orders …

Cent Fed Federal Reserve Gdp Pce Inflation Pce Inflation Gdp Pce

1 month, 1 week ago

US wholesale inflation picks up slightly in sign that some price pressures remain elevated

Associated Press

WASHINGTON — Wholesale prices in the United States rose last month, remaining low but suggesting that the American economy has yet to completely vanquish inflationary pressure. Thursday’s report from the Labor Department showed that its producer price index — which tracks inflation before it hits consumers — rose 0.2% from September to October, up from a 0.1% gain the month …

Prices Month Fed Rate Cut Wholesale Prices Wholesale Price

2 months, 3 weeks ago

Rupee settles 11 paise lower at 83.80 against U.S. dollar amid steep fall in equity markets

The Hindu

Rupee depreciated 11 paise to settle at 83.80 against the U.S. dollar on Monday taking cues from equity markets that saw a steep fall of over 1% amid volatile crude oil prices and outflow of foreign funds. However, a weak greenback against major currencies supported the local unit, Forex traders said, while investors showed muted participation awaiting cues from domestic …

Rupee 11 Paise

3 months, 3 weeks ago

Federal Reserve’s favored inflation gauge shows price pressures easing as rate cuts near

LA Times

An inflation measure closely tracked by the Federal Reserve remained low last month, extending a trend of cooling price increases that clears the way for the Fed to start cutting its key interest rate next month for the first time in 4 1/2 years. In a high-profile speech last week, Fed Chair Jerome H. Powell attributed the inflation surge that …

Inflation Prices Price Month Fed Rate Powell

4 months, 4 weeks ago

US economy rebounds with 2.8% GDP growth in Q2; price pressures easing

Business Standard

The US economy grew faster than expected in the second quarter amid solid gains in consumer spending and business investment, but inflation pressures subsided, leaving intact expectations of a September interest rate cut from the Federal Reserve. Consumer spending, which accounts for more than two-thirds of the economy, increased at around a 2.3 per cent rate after slowing to a …

Economy Growth Domestic Price Spending Cent Fed

5 months, 1 week ago

US wholesale inflation picked up in June in sign that some price pressures remain elevated

Associated Press

WASHINGTON — Wholesale prices in the United States rose by a larger-than-expected 2.6% last month from a year earlier, a sign that some inflation pressures remain high. The Labor Department said Friday that its producer price index — which tracks inflation before it reaches consumers — rose 0.2% from May to June after being unchanged the month before. The increase …

Inflation Month Fed Wholesale Prices Wholesale Inflation

5 months, 3 weeks ago

Stock market today: Asian stocks log modest gains as economic data are mixed for Japan and China

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Stock Market Japan Interest Rates Treasury Fed Rose Nasdaq

5 months, 3 weeks ago

Federal Reserve’s preferred inflation gauge shows price pressures easing further

Associated Press

WASHINGTON — A measure of prices that is closely tracked by the Federal Reserve suggests that inflation pressures in the U.S. economy are continuing to ease. Excluding volatile food and energy prices, so-called core inflation rose 0.1% from April to May, the smallest increase since the spring of 2020, when the pandemic erupted and shut down the economy. The presumptive …

Economy Consumer Inflation Prices Biden Fed Price Pressures

6 months ago

Bitcoin drops 4% to $61,000, witnesses second-worst weekly decline; What’s behind the plunge?

Live Mint

World's biggest cryptocurrency Bitcoin witnessed a downturn of over 3 per cent on Monday, falling to $61,000 level. Losses are mounting in the crypto market following its second-worst weekly decline of 2024, driven by waning demand for Bitcoin exchange-traded funds and uncertainty surrounding monetary policy. Despite the prevailing downturn, Bitcoin's open interest has experienced a slight uptick of 0.59 per …

Market Crypto Bitcoin Btc

6 months, 1 week ago

US Fed policy: 5 factors that will influence the decision

Hindustan Times

The US Federal Reserve is unlikely to cut rates in June due to persistent inflation, with Fed’s Chair Jerome Powell potentially signaling a rate cut cycle timeline at the upcoming meeting, Mint reported. The jobs market Last week, the Labor Department's latest employment report showed that the US created more jobs than expected in May, with annual wage growth accelerating. …

Growth Inflation Rate Us Fed Jerome Powell Pce Fed Policy

6 months, 3 weeks ago

Indian stock market: 10 things that changed for market over weekend - Gift Nifty, Exit Polls 2024, GDP to US inflation

Live Mint

Indian stock market: The Indian equity benchmark indices, Sensex and Nifty 50, are expected to open sharply higher on Monday as the exit polls suggested the Prime Minister Narendra Modi coming back to power for the third term as the BJP-led alliance is likely to win the Lok Sabha elections with a thumping majority. Asian markets traded higher while the …

India Japan Market Indian Index Lok Sabha Stock

7 months, 4 weeks ago

Fed’s preferred inflation gauge shows price pressures stayed elevated last month

Associated Press

WASHINGTON — A measure of inflation closely tracked by the Federal Reserve remained uncomfortably high in March, likely reinforcing the Fed’s reluctance to cut interest rates anytime soon and underscoring a burden for President Joe Biden’s re-election bid. Friday’s inflation data showed that excluding volatile food and energy costs, “core” prices rose by an elevated 0.3% from February to March, …

Inflation Prices Sweet Index Price Month This Year

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Search results for pce

Gold extends gains after US inflation data eases rate cut worries

U.S. consumer spending rises in November; monthly inflation subsides

Federal Reserve’s preferred inflation gauge shows price pressures eased last month

Gold price today: Rates edge higher, but dollar’s strength limits gains; experts outline key levels for MCX Gold

Rupee hits all-time low against US dollar. Why is it under pressure?

U.S. economy grows at 3.1% pace in third quarter, an upgrade from previous estimate

Gold bounces back from Fed-induced slump to one-month low

US Fed slashes rates by 25 basis points, bracing for policy uncertainty

US Fed slashes rates by 25 basis points, bracing for policy uncertainty

Wall Street week ahead: Spotlight on Federal Reserve’s last interest rate decision of 2024

US Economy Expands 2.8% In Q3, Driven By Strong Consumer Spending

Wall Street today: US stock indices mixed after PCE inflation data

Wall Street week ahead: Investors eye Q3 GDP, PCE inflation, Federal Reserve minutes

US wholesale inflation picks up slightly in sign that some price pressures remain elevated

Rupee settles 11 paise lower at 83.80 against U.S. dollar amid steep fall in equity markets

Federal Reserve’s favored inflation gauge shows price pressures easing as rate cuts near

US economy rebounds with 2.8% GDP growth in Q2; price pressures easing

US wholesale inflation picked up in June in sign that some price pressures remain elevated

Stock market today: Asian stocks log modest gains as economic data are mixed for Japan and China

Federal Reserve’s preferred inflation gauge shows price pressures easing further

Bitcoin drops 4% to $61,000, witnesses second-worst weekly decline; What’s behind the plunge?

US Fed policy: 5 factors that will influence the decision

Indian stock market: 10 things that changed for market over weekend - Gift Nifty, Exit Polls 2024, GDP to US inflation

Fed’s preferred inflation gauge shows price pressures stayed elevated last month