The US Parties Lead the Country to a Default
When will the US go bankrupt? Will it start the market crash unseen before? We have plenty to share with you, so let’s get started.
American inflation speeds down in September
In September, American consumer prices rallied less than anticipated, suppressed by a slower leap in the cost of rent as well as descending energy prices because underlying inflation pressures decelerated a bit.
The moderate price leaps occurred notwithstanding the American labor market, which seems firm by many measures. Thursday’s separate report disclosed a sudden, although mild jump in the number of US citizens who filed for unemployment benefits the previous week.
With the outcome just a bit below what experts hoped for, the US inflation report won’t probably impact hopes that the key US bank will have interest rates lifted at its December policy gathering.
In September, the The Consumer Price Index added 0.1% having soared 0.2% in August, as the Labor Department informed. The CPI soared by 2.3% for the 12 months through September, speeding down from August's 2.7% ascend.
Without energy and food, the CPI managed to rally by 0.1% for the second month in a row. In addition to this, in May, July and June, the core index had jumped by 0.2%.
The core CPI added 2.2% for the 12 months through September. Market experts interviewed by Reuters had predicted both overall as well as core CPI adding 0.2% in September.
American Treasury gains extended their dive because the data contributed to the view that a sell-off in American as well as global equities might have partly paused hopes for a more hawkish tempo of Fed rate lifts. The evergreen buck declined to an almost two-week minimum versus a pack of its counterparts.
The Fed has lifted rates up to three times in 2018, and on Thursday Donald Trump labeled the rate lifts as a "ridiculous" approach.
In September, gasoline prices went down by 0.2% having soared by 3% in August.
Similar
The Sentiment is Bearish for the EUR
The US Consumer sentiment will shake the market today. We are back with more news for you to enjoy!
CPI Wednesday: the Doomsday for EURUSD and GBPUSD?
Today, the US Inflation release at 15:30 GMT+3 will determine the further destiny of the major pairs and gold. The event is highly impactful, as the Federal Reserve will make decisions regarding further rate hikes based on it. Also, we brought you some news about XAUUSD and GBPUSD. Stay tuned!
Latest news
Oil prices are in focus today
Saudi Arabia agreed to cut oil production. What will happen with the oil price now?
Nonfarm Payrolls is in Focus Today
The situation on the labor market still looks optimistic. Today we expect the Unemployment rate data. 3.5% is expected.
No More US Debts in Sight
The first day of June should’ve brought us the US default. Unsurprisingly, the US House passes the debt ceiling bill at the latest possible moment.
