CPI DATA
McDonald's McRib is back on menu in selected outlets, cities: Check launch date, all about McDonald's iconic sandwich
McDonald's McRib sandwich was first introduced in Kansas City in 1981. Subsequently, in 1982, McDonald's McRib was made available across the United States of America.
Global Market: Japan’s core inflation accelerates, putting BOJ rate hikes in focus
Japan’s core inflation rises to 2.1% in September, exceeding the Bank of Japan’s 2% target for the first time in nine months. Higher energy costs, yen weakness and AI-related demand could strengthen the case for further interest rate hikes.
Gold heads for sharpest weekly decline in four months on Fed rate outlook
Gold prices took a hit on Friday amid strong indicators of US economic growth and climbing oil prices. Spot gold prices sank to their lowest since August, and US gold futures mirrored the drop. Positive employment figures showed a decrease in unemployment claims, hinting at stronger job growth in October.
Social Security gets a 3.6% raise in 2027, but a 22% cut looms by 2032: Could a 40% payroll tax hike make Millennials and Gen Z pay more?
Your Social Security payment will rise 3.6% in January 2027, about $75 more a month on average. But the bigger story is 2032, when the retirement fund runs dry and benefits could be cut 22%. Fixing it may mean higher payroll taxes for workers, and the clock is already ticking.
When it comes to Trump's economy, these are the numbers that matter before mid-term elections
United States President Donald Trump attempted to convince voters before the upcoming mid-term elections that the American economy is growing. However, voters have maintained the negative effects of inflation caused by the Iran war. The economy is seeing slowing job growth and widening income inequality, with high interest rates encumbering housing and automobile purchases.
Gold slips as investors await Fed rate signals
Gold prices fell slightly as investors monitored the Federal Reserve's major interest rate decision. The anticipated meeting will provide key insights into future economic policies. Economists expect the Fed to hold rates steady, emphasizing inflation concerns. The Bank of Japan is also projected to raise interest rates in December. Other precious metals, including silver and platinum, experienced minimal changes during this period.
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Bitcoin rebounds to $82,000 after briefly falling below $80,000 as inflation fears trigger $950 million in liquidations
Bitcoin recovered above $82,000 after briefly falling below $80,000 as hotter-than-expected US producer inflation intensified concerns over Federal Reserve rate hikes. Nearly $950 million in leveraged positions were liquidated, while spot Bitcoin ETFs recorded $261 million in outflows.
Euro gets much-needed reprieve as AI wobbles rock the dollar
The dollar is about to experience its first weekly decline in five weeks amid AI investment concerns. The euro has rebounded from a 17-month low as US yields fall. Investors are worried about the profitability of data centre operators amidst AI stock volatility. Federal Reserve Chair Kevin Warsh's speech may influence market expectations for upcoming rate decisions.
USD rate: Why is US Dollar down from 18-month peak?
USD rate: Government bonds rallied and the dollar pulled back, reflecting cautious remarks from Federal Reserve officials that further cooled expectations for an October interest-rate hike.
Gold price today: Gold rate recovers after consecutive losses but there is a concern. Details here
Gold rate on Thursday jumped but experts have pointed out a few factors that may cause worry for investors.
Bitcoin holds near $81,200, Ethereum at $2,415 as institutional inflows cushion global market pressure
Bitcoin and Ethereum fell as hotter-than-expected US inflation data, rising Treasury yields, and weaker global equities weighed on crypto sentiment. Despite the sell-off, spot Bitcoin and Ethereum ETFs recorded fresh inflows, while nearly $944 million in crypto positions were liquidated over 24 hours.
Dollar retreats from 18-month high despite hot CPI as Fed officials temper hike bets
The dollar has fallen back after peaking at an 18-month high, fueled by stronger than expected inflation data. Expectations of an October rate hike were moderated by prudent remarks from Federal Reserve officials. With Treasury yields decreasing, the dollar slipped against key currencies like the euro and sterling. Traders are now closely monitoring the upcoming US producer price and retail sales figures to gauge future market movements.
Gold steadies after hitting one-week low
Gold prices have stabilized after recently dipping to a one-week low, now sitting at $4,114.57 per ounce. This slight recovery follows an uptick in US consumer prices, primarily driven by rising gasoline costs, pushing discussions about potential interest rate hikes. Currently, there is a 32% chance of a rate increase this month. Investors are keenly awaiting significant economic reports expected later today.
10-year treasury: Why is US Bond market benchmark yield rising on Wednesday? What does this mean for economy, Fed Interest Rate?
U.S. bond market benchmark 10-year Treasury, saw its yield jump to 5.26 per cent from less than 5.17 per just before the inflation report’s release on Wednesday.
US stocks: US market slides as hot CPI data fuels rate-hike bets; chips, banks weigh
Wall Street's major indices took a hit as an inflation report outpaced forecasts, sparking heightened speculation about rate increases. Investors are closely reviewing earnings from key banks, highlighting concerns over escalating inflation. The notable market fluctuations suggest a likelihood of rising interest rates as the economy continues to be assessed.
US CPI inflation rises as Iran war drives up fuel prices: How higher petrol and diesel costs could hit American households
American households are facing increased inflation and rising fuel prices just weeks before the midterm elections. Consumer prices rose unexpectedly in September, driven primarily by a significant rise in gasoline costs. The conflict involving the United States and Iran has contributed to these economic pressures, particularly affecting energy availability. As a result, businesses may need to increase prices on goods and services to offset higher operational costs.
Global Market: BoE's Huw Pill wary of market bets on four rate hikes over next year
Bank of England Chief Economist Huw Pill has questioned market expectations for four quarter-point rate hikes over the next 12 months as policymakers assess the inflationary fallout of the Iran war. His comments highlight divisions within the Monetary Policy Committee over how to balance rising energy prices against risks to economic growth.
US yields jump as hot consumer inflation boosts rate hike bets
In September, the US Treasury yields climbed as the Consumer Price Index (CPI) showed a surprising rise of 0.6% month-over-month and 3.7% year-over-year. This unexpected inflation report heightened the chances of an interest rate hike by the Federal Reserve in December, signaling a potential response to ongoing inflationary pressures. Market sentiments are now leaning toward the anticipation of policy changes from the Fed as they aim to manage inflation effectively.
Gold price today: Why is gold rate down? What to expect in November, December?
Gold rate prediction: While gold is typically seen as a hedge against inflation, higher interest rates tend to diminish the appeal of non-yielding bullion.
India bonds sink deeper on RBI commentary, inflation concerns
Indian government bonds are currently facing notable losses, pushing the 10-year yield to its highest since March 2023. This downturn comes in the wake of hawkish remarks from Reserve Bank of India Governor Sanjay Malhotra about financial stability. Additionally, India's wholesale inflation saw an unexpected rise in September, leading to growing concerns over potential future monetary policy shifts.
Nvidia pledges $250 million in computing resources to boost UK AI safety research
Nvidia has committed $250 million in computing resources over five years to advance UK artificial intelligence safety research. Announced by CEO Jensen Huang on Wednesday, the $50 million annual pledge focuses on agentic AI security, supporting initiatives at Oxford, Imperial College London, and University College London.
Global Market: European shares rise as ASML rally lifts tech stocks; investors eye US CPI
European shares increased modestly as the pan-European STOXX 600 index recovered from previous losses. ASML's strong demand led technology stocks to gain, while concerns about geopolitical risks remained. Oil prices rose following attacks on vessels in the Strait of Hormuz, which limited gains in equities. The market also awaits US consumer price index data that could impact interest-rate projections.
Global Market: China stocks slip as AI selloff deepens, mixed inflation data weighs
Chinese stocks edged lower as AI-related shares weakened and mixed inflation data heightened concerns over domestic demand. The CSI300 declined, while energy and consumer staples stocks advanced amid rising oil prices. Technology shares remained under pressure, and HSBC cut year-end targets for major Chinese indexes, reflecting persistent market uncertainty.
Global Market: China’s yuan firms as investors await US CPI data, assess inflation
China’s yuan edged higher against the dollar as investors assessed mixed inflation data and awaited US consumer price figures. Rising producer prices contrasted with subdued consumer inflation amid weak domestic demand. Analysts expect gradual yuan appreciation through 2026, supported by trade surpluses and capital flows, while Federal Reserve policy remains a key driver.
Gold prices flat as markets await US CPI data
In early Asian trading, gold prices held steady as investors awaited crucial US consumer price data, which could affect future Federal Reserve decisions. New York Fed President John Williams spoke about the need for potential interest rate increases to combat inflation. Additionally, Fed Governor Christopher Waller noted that robust economic growth could influence US bond yields, with other precious metals experiencing slight downturns amid the evolving market conditions.
Dollar languishes as focus turns to CPI, Fed speakers
The dollar declined as traders awaited new information on the timing for interest rate increases. Investors reevaluated the recent rally fueled by artificial intelligence developments and easing oil prices. Meanwhile, the euro gained slightly amid regional budget concerns affecting bond yields. The US consumer price index data release is upcoming, alongside important speeches from Federal Reserve officials.
Bitcoin trades near $83,000 as macro headwinds and US political uncertainty weigh on sentiment
Bitcoin consolidated near $83,000 as rising US bond yields, dollar strength, and ETF outflows weighed on sentiment. Analysts highlight Wednesday's US CPI inflation data as the next key catalyst, with strong support holding near $81,000 and major resistance positioned at $84,000.
Social Security 2027 COLA could be the biggest since 2023: How it compares with the 8.7% increase
Social Security recipients could see a 3.5% to 3.6% benefit increase in 2027, according to September forecasts. Here’s how the latest COLA projections compare with the 8.7% increase in 2023 and what could determine the final adjustment.
India's retail inflation quickens to 5.54% in September from 4.83% in August, hits near two-year high
India's retail inflation accelerated to 5.54% in September 2026, a notable rise from August's 4.83%. This jump is particularly linked to rising food prices, predominantly in vegetables. Rural inflation hit 6.08%, outpacing urban inflation at 4.88%. In response, the Reserve Bank of India increased the benchmark repo rate by 25 basis points on October 7, 2026, and revised its inflation outlook for the fiscal year 2027.
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