FOREXLIVEUSD/JPY is down a full cent on the heels of the CPI report in response to a downside surprise in the May inflation reading.
It's part of a broad wave of US dollar selling across the board and a strong bid in bonds, led by the front end. The Fed funds market is now pricing in 50 basis points of easing by year-end with a first cut 80% likely in September.
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11 Months Ago
European stocks closed lower on Thursday on concerns the Federal Reserve might not reduce interest rates more than one time this year despite soft consumer price and producer price inflation data.
11 Months Ago
John Wiley & Sons, Inc. (WLY) reported Thursday net income for the first quarter of $25.27 million or $0.46 per share, sharply lower than $68.34 million or $1.22 per share in the prior-year quarter.
11 Months Ago
Asian stocks rose broadly on Thursday as soft U.S. inflation data helped keep the door open for a Federal Reserve rate cut in September.
11 Months Ago
While announcing its widely expected decision to leave interest rates unchanged on Wednesday, the Federal Reserve also revealed officials now expect only one interest rate cut this year. In support of its goals of
11 Months Ago
Asian stocks drifted lower on Wednesday as investors awaited key U.S. inflation data as well as a Federal Reserve policy decision later in the day for additional clues on the outlook for interest rates.
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