Bond markets are awaiting US wage and inflation data to assess the Federal Reserve's future monetary policy path. Super-core inflation has reached 3.9%, with the San Francisco Fed noting that recent increases have been driven by acyclical factors. Investors are also closely monitoring an upcoming testimony by Kevin Warsh for further economic signals.
June inflation data came in lower than anticipated, increasing the likelihood of Fed rate cuts and boosting the appeal of risk assets like Bitcoin.
Read the full storyJune inflation data came in lower than anticipated, fueling investor hopes for a Federal Reserve policy pivot and boosting high-risk digital assets.
US CPI fell 0.4% in June as energy prices eased, fueling market expectations for a Federal Reserve policy pivot toward lower interest rates.
US annual inflation slowed to 3.5% in June, aligning with lower crude oil prices and reducing immediate pressure for further interest rate hikes.
The Euro gained ground against the US Dollar after softer-than-expected US inflation data weighed on the greenback and shifted market expectations.
Headline CPI fell 0.4% in June, dragging down US Treasury yields as markets price in a less aggressive Federal Reserve policy path.
Cooling US consumer price pressures in June lead markets to scale back bets on further interest rate hikes by the Federal Reserve.
In a dramatic convergence of geopolitical and economic shifts, US consumer prices fell for the first time since the pandemic, triggering a robust rebound across stocks, gold, and crypto markets.
Global markets brace for a high-stakes week featuring critical US CPI data, Kevin Warsh's congressional testimony, and the start of the Q2 bank earnings season.
US inflation data and Kevin Warsh's testimony are set to drive the Dollar, while markets monitor the Bank of Canada and the start of Q2 earnings season.
Investors are closely monitoring upcoming US inflation reports and Kevin Warsh's scheduled testimony to gauge future Federal Reserve monetary policy shifts.
Super-core inflation reaching 3.9% raises alarms over the pace of cooling prices and the Federal Reserve's next policy moves.
Investors await Friday's wage growth gauge and next Tuesday's June CPI data to assess the likelihood of further Fed rate hikes.