Monthly Archives: July 2023
CPI Shows U.S. Inflation Softening
Written on July 13, 2023 at 5:57 am, by lishitong
US CPI released yesterday showed a two-year low inflation rate of 3%, leading to a decline in the US dollar. Yesterday’s release of the U.S. Consumer Price Index (CPI) revealed that the country’s inflation had reached a two-year low of 3%, lower than the previous reading and the forecasted figure. As a result, the dollar’sContinue Reading
Japanese Yen Strengthen With Heighten Recession Risk
Written on July 12, 2023 at 6:17 am, by lishitong
Major central banks tightening policies, boosts Japanese Yen. The Japanese Yen has reached its highest level in a month, surpassing the 140 mark against the U.S. dollar. This surge is attributed to the growing concerns of a global economic downturn due to major central banks tightening their monetary policies to combat persistent inflation. The JapaneseContinue Reading
Fed Officials Emphasise Higher Interest Rate Needed
Written on July 11, 2023 at 6:40 am, by lishitong
Markets are now assessing the hawkish outlook against visibly cooling inflation Several Federal Reserve officials have expressed the view that interest rates need to be raised further this year in order to bring inflation back to the targeted rate of 2%. Despite this hawkish sentiment from the Fed, the market is inclined to believe thatContinue Reading
