OCTOBER INFLATION RATE
India's October retail inflation quickens to 6.09% to breach RBI's tolerance ceiling
India's retail inflation accelerated to 6.09% in October, largely driven by rising food prices and supply disruptions. Food inflation significantly contributed to overall price increases, affecting household staples like onions and proteins. Economists noted concerns about potential double-digit inflation for various food categories amid global price pressures. The Reserve Bank of India expects average inflation for the financial year to be around 5.2%.
Japanese investors sell foreign bonds for seventh time in eight weeks
Japanese investors sold 537.6 billion yen ($3.36 billion) in foreign long-term bonds for the seventh time in eight weeks, reflecting caution over US inflation and Federal Reserve rate expectations. They also withdrew from overseas equities. Meanwhile, foreign investors continued buying Japanese long-term bonds, marking their sixth consecutive week of net purchases.
Gold and silver ETFs fall up to 3% as firm dollar and Fed rate hike bets weigh. Should investors buy the dip?
Gold and silver ETFs declined as a stronger US dollar and rising expectations of a Federal Reserve rate hike weighed on precious metal prices. Financial experts advise investors to continue systematic investments in gold and silver in line with their long-term asset allocation.
Indian bonds drift as US debt rout saps oil relief before CPI
On Thursday morning, Indian government bonds remained stable, reflecting a pause after recent volatility. Market sentiment is influenced by declining oil prices and climbing US Treasury yields, with inflation data on the horizon. The Reserve Bank of India is expected to modify its policy rate in light of these figures. Meanwhile, the ongoing Iran conflict could affect oil pricing, as traders prepare for a significant bond auction set for Friday.
India bonds to stay hemmed in by oil, Treasury moves ahead of inflation data
Indian government bonds are anticipated to trade between softer oil prices and rising US yields. The market is waiting for domestic inflation data that could influence the Reserve Bank of India's rate strategy. A Reuters poll estimates an increase in annual consumer inflation, potentially leading to further tightening by the RBI. Investors are cautious ahead of a significant bond auction scheduled for Friday.
Dollar near one-month high as yen edges toward 160
The dollar index, which measures the greenback against a basket of currencies including the yen and the euro, rose 0.63% to 102.85, its highest level since October 14.
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Dollar firms as hot inflation, hawkish Fed talk lift rate-hike bets
The US dollar has gained against multiple currencies due to expectations of Federal Reserve interest rate hikes. Inflation data revealed an increase in consumer prices, prompting trader speculation about further monetary tightening. The Japanese yen has weakened to its lowest level in over two months, approaching significant mark. Many developed-market currencies are performing poorly against the dollar this year, attributed to widening interest-rate gaps.
Nasdaq futures rise nearly 2% as CoreWeave earnings calm AI spending fears
Futures for the S&P 500 and Nasdaq 100 have shown gains following CoreWeave's impressive earnings announcement. Investors reacted positively as CoreWeave predicts profitability by the first half of 2028. Nvidia's shares rebounded after a significant drop attributed to CEO Jensen Huang's controversies. Meanwhile, inflation data has increased expectations of interest rate hikes from the US Federal Reserve. The bond market remained closed for the Veterans Day holiday, impacting trading.
US Treasury rout hands India's 10-year bond its worst day in a month
On Wednesday, the Indian rupee gained strength against the dollar, reaching its highest point since April. This improvement was influenced by foreign investments in local stocks and upbeat sentiment in the non-deliverable forward market. Although inflation concerns in the US led to a stronger dollar, traders remained focused on foreign portfolio investments in Indian equities.
Bitcoin price today: Why BTC USD fell near $73,000 after US CPI report and could it crash to $70,000 next?
Bitcoin price today after CPI report: BTC USD slipped towards $73,000 after hotter-than-expected US inflation data revived fears of a bigger Federal Reserve rate hike in December. With Bitcoin funds seeing billions of dollars in withdrawals, traders are watching whether BTC can hold $73,000 or face another decline towards $70,000.
Rupee touches strongest since April as foreign inflows offset firm dollar
On Wednesday, the Indian rupee surged to its healthiest value since April, closing at 93.69 against the dollar. This upswing was driven by a remarkable influx of foreign investments in local stocks, totaling nearly $6 billion in November. Even in light of a stronger dollar amid US inflation signals, the rupee stood firm. There's a notable optimistic shift in market sentiment, now eager for India's inflation data anticipated for October.
Fed's Bowman flags persistent inflation, expects price pressure to ease next year
Fed Vice Chair Michelle Bowman flagged persistent US inflation but stopped short of calling for further rate hikes. She expects core PCE inflation to ease next year as AI-related demand pressures and geopolitical shocks fade, while highlighting risks to the economic outlook.
Goldman Sachs forecasts additional Fed rate hike in March after hotter US inflation data
Goldman Sachs expects the US Federal Reserve to deliver an additional 25-basis-point rate hike in March after October inflation data came in hotter than expected for the third consecutive month. The bank has also pushed back its forecast for the first rate cut to December 2027, signalling prolonged monetary tightening.
Fed's Paulson signals further gradual interest rate hikes to curb inflation
Federal Reserve Bank of Philadelphia President Anna Paulson signals support for further interest rate hikes to curb persistent US inflation, which remains above the Fed’s 2% target. Strong October CPI data, resilient employment and rising price pressures reinforce expectations of monetary tightening, with markets anticipating additional increases in December.
India bonds slip as Treasury rout offsets oil slide
Indian government bonds declined on Wednesday as a sharp rise in US Treasury yields, triggered by hotter-than-expected inflation and hawkish signals from policymakers, overshadowed relief from lower crude oil prices. Higher US yields could erode the relative return advantage of Indian debt, dampening its appeal among foreign investors.
Japan bond yields rise as US inflation fuels rate hike bets
Japanese government bond yields climbed for a third straight session, tracking a global debt selloff after stronger US inflation data and hawkish Fed commentary raised expectations of further rate hikes. Investors also assessed the Bank of Japan’s policy outlook ahead of key bond auctions.
Gold holds near one-week low as hot US inflation boosts Fed hike bets
Gold prices rose 0.2% to $4,039.07 per ounce in early Asian trade on Wednesday. This increase followed a nearly 3% decline in the previous session due to US inflation data. The data indicated stronger inflation, leading to heightened expectations of a Federal Reserve interest rate hike next month. Traders now believe there is a 100% chance of an interest rate increase in December.
Fed’s Christopher Waller opens door to 50-basis-point December rate hike after hot CPI
Federal Reserve Governor Christopher Waller has raised the possibility of a 50-basis-point December rate hike after US core inflation rose 0.3% in October. Persistent price pressures have intensified debate over tighter monetary policy and the Fed's inflation-fighting credibility.
US Fed's Logan calls for two more rate hikes, possibly rapidly
Dallas Fed President Lorie Logan said the central bank needs at least two more quarter-point rate increases to curb persistent inflation and prevent price pressures from becoming entrenched. She suggested policymakers could accelerate the pace of tightening this winter, beginning with the Fed’s December 8-9 meeting.
Traders raise odds of 50 bps Fed rate hike as CPI rise exceeds expectations
New data has revealed that US consumer prices rose faster than anticipated, prompting speculation about interest rate changes. Fed Governor Christopher Waller suggested a half percentage point hike may be necessary if core prices continue rising. The Consumer Price Index showed a month-over-month increase of 0.4% in October, with core inflation remaining persistent. The bond market reacted strongly to these developments, significantly affecting Treasury yields.
CPI report today: What is current US Fed interest rate? Will inflation data force US Fed to go for interest rate hike?
CPI data today: Inflation report is running well above the US central bank's 2 per cent target. The US-Israeli war with Iran has boosted oil prices, combining with the import tariffs implemented by the Trump administration last year to lift the cost of living.
US consumer prices rise above expectations in October
Consumer prices in the US experienced a larger-than-expected increase in October, affecting future Federal Reserve interest rates. The Consumer Price Index rose by 0.4%, following a 0.6% increase in September. Core CPI also increased, leading many to predict a rate hike in December. Despite missing year-over-year data, inflation remains significantly above the Fed's 2% target.
US inflation rises 0.4% in October, exceeding forecasts amid price pressures
U.S. inflation rates rose unexpectedly last month, indicating ongoing challenges for the government and Federal Reserve. The consumer price index increased by 0.4% from September to October this year, slightly above forecasts. Although the rise was lower than the previous month's increase, inflation remains above the target rate of 2%. Voter dissatisfaction regarding high living costs influenced recent midterm election outcomes.
US Treasury yields rise as Fed's Waller presses rate hike case
Following remarks from Federal Reserve Governor Christopher Waller, short-dated Treasury yields saw an uptick, as he proposed the necessity of action despite seemingly moderated inflation data. Waller highlighted a possible half-point rate increase if inflation intensifies, signaling potential shifts in monetary policy. Economists expect a modest rise in core inflation, guiding market anticipations as money markets now fully reflect a 25 basis point increase in December.
Gold dips ahead of US inflation data
Gold prices edged lower in early Asian trade on Tuesday as investors awaited US inflation data later in the day for clues on the Federal Reserve's next policy move.
Dollar sellers hit pause for US inflation data
The trade and sentiment-sensitive Australian dollar rose by nearly 1% through Monday to sit at $0.6921 early on Tuesday and the New Zealand dollar rose even further to trade at $0.5624, with both steady in morning Asia trade.
Americans growing more worried about jobs amid rising prices, finds NY Fed survey
* NY Fed survey finds rising worry over future unemployment * NY Fed poll finds little change in expected inflation * NY Fed survey reports stability in personal financial situations (Adds graphics)
India bonds continue rally ahead of inflation data
Indian government bond yields extended their rally on Monday, with the benchmark 10-year yield falling nearly 4 basis points as easing crude oil prices and hopes of a US-Iran peace deal improved sentiment. Investors are now watching US and Indian inflation data for cues on the outlook for interest rates.
US employers add 165,000 jobs in October, but worrying joblessness trends remain: Here's what the latest numbers mean for you
US employers added 165,000 jobs in October, resulting in a decrease in the unemployment rate to 4.1 percent. Average hourly earnings saw a year-over-year increase of 3.1 percent, although it remains below the inflation rate. The US Federal Reserve might be considering a potential interest rate hike after the robust jobs report, which could be announced next month.
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