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US CPI data expected to show slow progress towards 2% target
The US Consumer Price Index is set to rise 3.4% YoY in April, following the 3.5% increase in March. Annual core CPI inflation is expected to edge lower to 3.6% in April. The inflation report could influence the timing of the Fed’s policy pivot. The high-impact US Consumer Price Index (CPI) inflation
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Americans aren't convinced the Fed is winning the inflation fight
Fed officials and people in the Biden administration insist "we" are making progress in tamping down price inflation. Many market analysts are optimistic enough to believe that the central bank will be able to cut interest rates this fall. But the average American isn't so sure the Fed is going to w
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USD/JPY Price Analysis: Climbs above 156.00 as bulls target 157.00
USD/JPY up 0.17% driven by US producer price data suggesting potential for sustained high Fed rates. Technicals: Six days of gains, with strong upward momentum above the Ichimoku Cloud. Resistance at 157.00, then May 1 high of 157.98 and April 26 high of 158.44. Support at 156.00, 155.90 (Kijun-Sen)
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Pound Falls On Weak Employment Data
The British pound weakened against other major currencies in the European session on Tuesday, after data showed that the average earnings in the U.K. grew better than expected in March and the jobless rate rose slightly, while the fall in employment was less than expected and vacancies continued to
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Pound Advances As Investors Await US Inflation Data
The pound was higher against its major counterparts in the New York session on Monday, as investors awaited key economic data due later this week for more clues on the Fed's interest rate cut trajectory for this year. U.S. producer price inflation data for April is due on Tuesday, while the more clo
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China Exports Recover In April
China's exports rebounded more than expected in April on lower base of comparison, the customs office reported Thursday. Exports advanced 1.5 percent on a yearly basis in April, faster than the 1.0 percent expected growth. The growth reversed March's 7.5 percent decrease. Imports posted an annual in
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