US INFLATION RATE
Fed's John Williams signals more rate hikes as inflation remains persistent
New York Fed President John Williams signalled further US interest rate hikes as inflation remains stubbornly high. Markets expect a 25-basis-point increase in December, while stronger-than-expected inflation data and divisions among policymakers have added uncertainty to the Fed's policy outlook.
India bonds under pressure before debt supply; hot inflation prints pinch further
Indian government bonds experienced significant selling pressure ahead of a major auction for the benchmark paper. The yield on the 6.94% 2036 bond rose notably due to rising inflation in both India and the United States. The Reserve Bank of India is expected to raise interest rates again in early December due to persistent inflationary pressures. Moreover, US Treasury yields remained elevated as markets anticipate larger interest rate hikes.
Dollar near 19-month high on Fed hike bets, yen tests 160
Treasury yields rose after US President Donald Trump said the US does not need a deal with Iran and as traders weighed the chance of a larger-than-usual Federal Reserve rate hike next month. Two-year Treasury yields gained 34 basis points over the past two sessions, the sharpest two-day rise in 3-1/2 years.
Gold inches higher but heads for weekly loss on Fed hike concerns
Gold prices edged higher on Friday, recovering from the previous session's lowest level in more than a year, but stayed on track for a weekly fall as higher oil prices stoked
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.
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.
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.
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.
Dollar gains traction as Fed speakers warn of risks from inflation
The US dollar is holding onto gains following a stronger-than-expected inflation report. Federal Reserve comments indicate potential rate hikes to address ongoing inflation concerns. Market expectations are shifting, with traders anticipating a rate hike at the upcoming policy meeting. The yield on the US 10-year Treasury bond has also increased, reflecting market sentiments. Cryptocurrencies like bitcoin and ether are trading near three-month lows amidst these developments.
US stocks: US market falls as hot inflation, hawkish Fed fuel rate-hike fears
US stocks closed lower after hotter-than-expected inflation data strengthened expectations of a December Federal Reserve rate hike and raised the possibility of more aggressive tightening. Rising Treasury yields and weakness in technology stocks, particularly Nvidia, weighed on the market, while investors also assessed hawkish Fed comments and Anthropic’s upcoming IPO.
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.
Gold price, silver rate today: Why is gold rate down on Tuesday? Check latest bullion outlook
Gold price prediction: The decline in crude prices has eased some inflation concerns, although movements in the dollar and global bullion markets continue to influence gold's near-term direction.
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)
NY Fed's John Williams flags need to gather more information on inflation risks before rate decisions
Federal Reserve officials John Williams and Alberto Musalem have flagged persistent inflation risks, with rapid AI infrastructure investment potentially adding to price pressures. Williams backed the need for more economic data before determining monetary policy, while Musalem warned that policymakers must address current inflation rather than wait for future AI-driven productivity gains.
Federal Reserve rate hike bets strengthen as US jobs growth beats estimates
Stronger than expected US jobs growth has revived expectations of a December Federal Reserve rate hike, with employers adding 165,000 jobs in October against estimates of 65,000. The unemployment rate fell to 4.1%, while markets raised the probability of a quarter point hike to 85% and brought forward expectations of another increase.
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