Image Source: Unsplash GBP/USD rises after UK inflation cools UK CPI falls to 2.5% YoY from 2.6% Service sector inflation falls to 4.4% from 5% Rate cut expectations rise 12 basis points GBP/USD inches higher GBP/USD is edging higher after cooler-than-expected
January 15, 2025
The market capitalization of the S&P 500 (Index: SPX) increased by a little over 2.5% during the fourth quarter of 2024. According to Standard and Poor, the index ended 2024-Q4 with a market cap of $51.86 trillion.Since the end of the third
EUR/USD locks in key resistance of 1.0300 after recovering from over a two-year low of 1.0175, with the US CPI data for December in focus. The US Dollar faces pressures after softer-than-expected US PPI data for December. ECB’s Holzmann expects
Photo by Colin Watts on Unsplash The GBP/USD exchange rate has slipped to its 2023 lows. The UK consumer price index data came short of expectations. The US will publish the December US consumer inflation data. The GBP/USD exchange rate stabilized on
Fed rate cuts, tariffs, deficits, California wildfires, and other narratives bolster a growing concern that inflation will surge again. While those narratives are concerning, and some may have merit, market and survey-based inflation expectations do not confirm them.The Fed and
Asian markets traded higher on Wednesday after a mixed session on Wall Street overnight.Japan’s Nikkei 225 rose 0.75%, while the Topix gained 0.86%.US stock market ended Tuesday’s volatile session mixed as investors gauged softer-than-expected wholesale inflation data.The Dow Jones Industrial
