Page 6 - Us Inflation

Rupee gains sharply as slowing US inflation softens Fed hike fears

Data released late Wednesday showed that US CPI inflation increased by a lesser-than-expected 8.5% in July as against a rise of 9.1% in June

Morgan Stanley bets on emerging market debt as JPM says rally unsustainable

The latest inflation data from the US spurred a risk rally as traders reduced Federal Reserve tightening wagers

Gold retreats as US Fed hints at big rate hikes despite slowing inflation

US consumer prices did not rise in July due to a sharp drop in the cost of gasoline, delivering the first notable sign of relief for Americans who have watched inflation climb over the past two years

Copper hits five-week high after US data undershoots, dollar slides

Three month copper on the London Metal Exchange gained 1.3% to $8,089 a tonne by 1630 GMT, the highest since July 1, after earlier easing to $7,889

Fed seen delivering half-point rate hike in Sept as inflation eases

Traders now expect increases in the Fed's policy interest rate to top out in December at 3.25%-3.5%

Wall Street: S&P, Nasdaq jump 2% as cooling inflation eases rate hike bets

Fed now seen delivering 50 bps hike in September; US consumer price growth unchanged for July; Musk sells Tesla shares worth $6.9 bn; volatility index hits lowest in over 3 months

US inflation slows from a 40-year peak in July, but remains high

Average paychecks are rising faster than they have in decades, but not fast enough to keep up with those rising costs. As a result, some people who had retired have returned to the workforce

Gold bounces above $1,800 after US inflation data; spot gold up 0.6%

US consumer prices did not rise in July, due to a sharp drop in the cost of gasoline, delivering the first notable sign of relief for Americans who have watched inflation climb over the past two years

Dollar tumbles after cooler-than-expected US July inflation data

Economists polled by Reuters had forecast a 0.2% rise on the heels of a roughly 20% drop in the cost of gasoline

Sensex, Nifty end flat; Tata Chemicals jumps 12%, IGL 6%; SpiceJet sheds 5%

CLOSING BELL: Among sectors, the Nifty IT index slipped 0.9 per cent, while the Nifty Metal index advanced 1.6 per cent

Dollar trades solidly in calm before inflation data storm; rate hike likely

Economists expect year-on-year headline inflation running at a scorching 8.7%, a small retreat from June's whopping 9.1% figure

US inflation will likely stay high in coming months even as gas prices fall

The forecast by economists, if it proves correct, would raise hopes that inflation might have peaked and that the run of punishingly higher prices is beginning to ease slightly

Global stocks slip as caution reigns ahead of US inflation data tomorrow

Stakes are high for July US consumer prices report on Wednesday after an unexpectedly strong US jobs data last week boosted expectations of a sharp interest rate increase to tackle soaring inflation

Asia stocks wobble as focus turns to US inflation data, aggressive Fed hike

The unexpectedly strong US jobs data on Friday have raised the stakes for the July US consumer prices report due on Wednesday, especially for the Fed's policy outlook

Gold gains as dollar, treasury yields slip; focus on US inflation data

Spot gold rose 0.5% to $1,783.62 per ounce by 10:02 ET (1402 GMT). U.S. gold futures edged 0.5% higher to $1,799.60.

Gold prices trade in tight range as investors wary of big Fed rate hikes

Spot gold steadied at $1,773.82 per ounce by 0900 GMT, after dropping 1% in the previous session. U.S. gold futures fell 0.1% to $1,789.40.

'Sizzling' US jobs data for July makes case for bigger Fed Rate increases

US employers added 528,000 jobs last month, more than all estimates, the unemployment rate fell to a five-decade low of 3.5%, and wage growth accelerated

Slowdown bites industry in Haryana; demand down 80%, 95k lose jobs: Report

From Rohtak to Bahadurgarh and Sonipat to Panipat, production at industrial units badly hit, says a media report

US Prez Biden dismisses fear of recession even as GDP doubles down

Joe Biden and top officials have dismissed fears of US economy sinking into a recession as doubling down of GDP growth rates in two successive quarters at around 0.9 per cent did not mean recession

US Fed's pyrrhic victory over inflation after policy rate hiked by 75 bps

Powell cannot afford to take his eyes off the prize - to get inflation down