The July Personal Consumption Expenditures (PCE) inflation data, which is closely watched by the Federal Reserve, came in slightly below expectations. The headline PCE inflation […]
Tag: Economic Data
Indian Rupee Strengthens Amid Expected MSCI Inflows and Steady Crude Prices
The Indian rupee strengthened for the second day in a row against the US dollar on Friday, ahead of expected foreign investments due to changes […]
Indian Rupee Opens Lower Against US Dollar Amid Falling Crude Prices and MSCI Index Expectations
The Indian rupee started weaker against the US dollar on Tuesday, opening at 83.92, currently at 83.94. This marks a slight depreciation of 4 paise […]
Fed Minutes Reveal Confidence in Inflation Progress and Risks to Employment; Treasury Yields Fall
FED MINUTES: Participants expressed increased confidence that inflation is moving towards the 2% target based on recent data. Some members believed that the recent progress […]
US Inflation Drops to 2.9%, Lower Than Expected
July US Inflation Data: – Consumer Price Index (CPI): – Year-on-Year (YoY): 2.9% (Expected: 3%) – Month-on-Month (MoM): 0.2% (Expected: 0.2%) – Core CPI (excluding […]
India’s Federal Fiscal Deficit Soars in June
In June, India’s federal fiscal deficit reached ₹1,357.12 billion, a significant increase from the previous month’s deficit of ₹506.15 billion. During the April-June quarter, the […]
Pound Soars to One-Year High as UK Inflation Exceeds Expectations and US Rate Cuts Loom
On Wednesday, the British pound surged to its highest level in over a year, exceeding $1.30. This increase came after the release of data indicating […]
US Economic Snapshot: Strong Q4 GDP Growth, Jobless Claims Edge Up, and the Fed’s Dilemma
The preliminary report for US Q4 2023 GDP reveals a robust growth of 3.3%, surpassing expectations set at 2.0%. We are currently on a path […]