CPI DATA

Asian stocks and currencies rose after the Federal Reserve rate decision and US consumer price data. Equities and dollar-denominated bonds are set to benefit despite tempered optimism due to Fed officials revising rate cut forecasts.

The US Federal Reserve is anticipated to announce its key policy decision, including the trajectory of interest rate cuts and navigation of the economic landscape amidst inflation concerns.

After a big advance by Nvidia and some other big tech names so far in 2024, "market participants are anticipating a possible consolidation period," said Briefing.com analyst Patrick O'Hare. Wednesday's Fed decision and consumer price index data "has...

The Indian benchmark equity indices, Sensex and Nifty50, concluded Tuesday's trading session with marginal movement, as investors awaited the Federal Reserve's policy decision and consumer price inflation data scheduled for Wednesday.

Cryptocurrencies declined on Tuesday ahead of the Fed's policy decision and upcoming consumer price inflation data. Bitcoin and Ethereum dropped, with the global market cap decreasing.

Indian equity indices opened lower, dragged by financial stocks. Sensex down 107 points at 76,382, Nifty50 down 21 points at 23,238.

U.S. stock indexes cautiously higher ahead of CPI report and Fed policy meeting.

Market expectations of rate cuts increased to 55% for September. Traders awaited the release of the PCE price index for insights on interest rate cuts. Dollar weakened due to softer inflation data.

During Tuesday's trading session, Bitcoin saw a significant surge of over 6%, reaching $71,178. This surge was driven by increased buying activity and renewed capital inflows into spot BTC ETFs.

The collaboration between DTCC in the US, along with Chainlink and major US banks, completed a successful pilot to expedite the tokenization of funds. Parth Chaturvedi, of CoinSwitch, said this partnership marks a significant step towards blockchain...

Bitcoin and other major cryptocurrencies rose in Thursday's trading session as a milder-than-expected U.S. inflation report raised expectations of potential Federal Reserve interest rate cuts. The report showed a 0.3% increase in the consumer price ...

Tepid U.S. Consumer Price Index (CPI) data for April fueled optimism that inflation was easing after three months of higher-than-expected numbers. This led traders to raise bets that the Fed will cut its policy rate in September and December.

U.S. consumer prices rose less than expected in April, indicating a resumption of the downward trend in inflation at the beginning of the second quarter, which has bolstered financial market expectations for a potential interest rate cut in Septembe...

The Indian rupee sidestepped gains in its broader Asian peers to end barely changed on Wednesday, as traders awaited the U.S. consumer inflation data for cues on when the Federal Reserve may kick off rate cuts.

Overnight data showed U.S. producer prices increased more than expected in April, indicating that inflation remained stubbornly high early in the second quarter.

Sticky inflation and persistent labour market strength have prompted financial markets and most economists to push back expectations for an initial Fed interest rate cut to September, from March seen at the start of the year.

The currency market has been sedate this week, with investors seeking to gauge what the path the Federal Reserve will take this year in the wake of recent softer-than-expected U.S. labour market data and comments from central bankers.

MSCI's broadest index of Asia-Pacific shares outside Japan climbed slightly and hit its highest since early 2023 in morning trade, as a strong rally in Hong Kong shares extended into a fourth consecutive week.

"Gold bulls are rightfully concerned that the Federal Reserve needs weaker inflation data, not just weaker employment figures, to justify cutting rates."