Monthly Archives: July 2024
Soft PCE Hinders Dollar’s strength
Written on July 30, 2024 at 12:21 am, by
Market Summary The financial market has reacted to the highly anticipated U.S. inflation gauge preferred by the Federal Reserve, the PCE reading. The PCE came in line with market expectations at 2.5%, suggesting that inflationary pressure in the country is moving toward the targeted 2% rate and heightening the likelihood of a September Fed rateContinue Reading
Soft PCE Hinders Dollar’s strength
Written on July 30, 2024 at 12:21 am, by
Market Summary The financial market has reacted to the highly anticipated U.S. inflation gauge preferred by the Federal Reserve, the PCE reading. The PCE came in line with market expectations at 2.5%, suggesting that inflationary pressure in the country is moving toward the targeted 2% rate and heightening the likelihood of a September Fed rateContinue Reading
Higher Tokyo CPI Bolsters BoJ Rate Hike Expectation
Written on July 29, 2024 at 5:31 am, by
Market Summary Wall Street continues to face downside risks, with the Nasdaq and S&P 500 sliding in yesterday’s session while the Dow Jones eked out a marginal gain. The small-cap Russell 2000 index remains on an upward trajectory, indicating capital rotation away from mega-cap stocks, tempered by AI jitters. The dollar index edged higher followingContinue Reading
