Month: August 2023

In this context, market participants are separated as to whether the U.S. central bank will raise interest rates by 25 bps on the next FOMC monetary meeting on September 20, or later the year, or hold them steady, depending on the upcoming U.S. economic and labor data.

Powell added that past interest-rate increases had yet to slow the economy fully, an argument for holding rates steady for now, but kept the door open to raising them later this year if the economy doesn’t slow enough to control inflation declining.

In this context, market participants are separated as to whether the U.S. central bank will raise interest rates by 25 bps on the next FOMC monetary meeting on September 20, or later the year, or hold them steady, depending on the upcoming U.S. economic and labor data.

Powell added that past interest-rate increases had yet to slow the economy fully, an argument for holding rates steady for now, but kept the door open to raising them later this year if the economy doesn’t slow enough to control inflation declining.

In this context, market participants are separated as to whether the U.S. central bank will raise interest rates by 25 bps on the next FOMC monetary meeting on September 20, or later the year, or hold them steady, depending on the upcoming U.S. economic and labor data.

During the well-awaited speech at the annual Jackson Hole Economic Policy Symposium on Kansas, Powell said that the Federal Reserve would “proceed carefully” on whether to raise interest rates again (if needed) and intends to keep rates high until inflation is on a convincing path toward the Fed’s 2% target. https://www.reuters.com/markets/us/fed-registers-gains-powell-may-take-lay-low-approach-2023-08-25/

Powell added that past interest-rate increases had yet to slow the economy fully, an argument for holding rates steady for now, but kept the door open to raising them later this year if the economy doesn’t slow enough to control inflation declining.

In this context, market participants are separated as to whether the U.S. central bank will raise interest rates by 25 bps on the next FOMC monetary meeting on September 20, or later the year, or hold them steady, depending on the upcoming U.S. economic and labor data.

During the well-awaited speech at the annual Jackson Hole Economic Policy Symposium on Kansas, Powell said that the Federal Reserve would “proceed carefully” on whether to raise interest rates again (if needed) and intends to keep rates high until inflation is on a convincing path toward the Fed’s 2% target. https://www.reuters.com/markets/us/fed-registers-gains-powell-may-take-lay-low-approach-2023-08-25/

Powell added that past interest-rate increases had yet to slow the economy fully, an argument for holding rates steady for now, but kept the door open to raising them later this year if the economy doesn’t slow enough to control inflation declining.

In this context, market participants are separated as to whether the U.S. central bank will raise interest rates by 25 bps on the next FOMC monetary meeting on September 20, or later the year, or hold them steady, depending on the upcoming U.S. economic and labor data.

EUR/USD pair, 4-hour chart

During the well-awaited speech at the annual Jackson Hole Economic Policy Symposium on Kansas, Powell said that the Federal Reserve would “proceed carefully” on whether to raise interest rates again (if needed) and intends to keep rates high until inflation is on a convincing path toward the Fed’s 2% target. https://www.reuters.com/markets/us/fed-registers-gains-powell-may-take-lay-low-approach-2023-08-25/

Powell added that past interest-rate increases had yet to slow the economy fully, an argument for holding rates steady for now, but kept the door open to raising them later this year if the economy doesn’t slow enough to control inflation declining.

In this context, market participants are separated as to whether the U.S. central bank will raise interest rates by 25 bps on the next FOMC monetary meeting on September 20, or later the year, or hold them steady, depending on the upcoming U.S. economic and labor data.

EUR/USD pair, 4-hour chart

During the well-awaited speech at the annual Jackson Hole Economic Policy Symposium on Kansas, Powell said that the Federal Reserve would “proceed carefully” on whether to raise interest rates again (if needed) and intends to keep rates high until inflation is on a convincing path toward the Fed’s 2% target. https://www.reuters.com/markets/us/fed-registers-gains-powell-may-take-lay-low-approach-2023-08-25/

Powell added that past interest-rate increases had yet to slow the economy fully, an argument for holding rates steady for now, but kept the door open to raising them later this year if the economy doesn’t slow enough to control inflation declining.

In this context, market participants are separated as to whether the U.S. central bank will raise interest rates by 25 bps on the next FOMC monetary meeting on September 20, or later the year, or hold them steady, depending on the upcoming U.S. economic and labor data.

EUR/USD pair, 4-hour chart

During the well-awaited speech at the annual Jackson Hole Economic Policy Symposium on Kansas, Powell said that the Federal Reserve would “proceed carefully” on whether to raise interest rates again (if needed) and intends to keep rates high until inflation is on a convincing path toward the Fed’s 2% target. https://www.reuters.com/markets/us/fed-registers-gains-powell-may-take-lay-low-approach-2023-08-25/

Powell added that past interest-rate increases had yet to slow the economy fully, an argument for holding rates steady for now, but kept the door open to raising them later this year if the economy doesn’t slow enough to control inflation declining.

In this context, market participants are separated as to whether the U.S. central bank will raise interest rates by 25 bps on the next FOMC monetary meeting on September 20, or later the year, or hold them steady, depending on the upcoming U.S. economic and labor data.

The dollar strength has sent major peers, the Euro and the Pound Sterling to hit two-month lows of $1.0780 and $1.2550, while the Japanese Yen extended recent losses to ¥146.50 on BoJ’s ultra-dovish policy.

EUR/USD pair, 4-hour chart

During the well-awaited speech at the annual Jackson Hole Economic Policy Symposium on Kansas, Powell said that the Federal Reserve would “proceed carefully” on whether to raise interest rates again (if needed) and intends to keep rates high until inflation is on a convincing path toward the Fed’s 2% target. https://www.reuters.com/markets/us/fed-registers-gains-powell-may-take-lay-low-approach-2023-08-25/

Powell added that past interest-rate increases had yet to slow the economy fully, an argument for holding rates steady for now, but kept the door open to raising them later this year if the economy doesn’t slow enough to control inflation declining.

In this context, market participants are separated as to whether the U.S. central bank will raise interest rates by 25 bps on the next FOMC monetary meeting on September 20, or later the year, or hold them steady, depending on the upcoming U.S. economic and labor data.

The dollar strength has sent major peers, the Euro and the Pound Sterling to hit two-month lows of $1.0780 and $1.2550, while the Japanese Yen extended recent losses to ¥146.50 on BoJ’s ultra-dovish policy.

EUR/USD pair, 4-hour chart

During the well-awaited speech at the annual Jackson Hole Economic Policy Symposium on Kansas, Powell said that the Federal Reserve would “proceed carefully” on whether to raise interest rates again (if needed) and intends to keep rates high until inflation is on a convincing path toward the Fed’s 2% target. https://www.reuters.com/markets/us/fed-registers-gains-powell-may-take-lay-low-approach-2023-08-25/

Powell added that past interest-rate increases had yet to slow the economy fully, an argument for holding rates steady for now, but kept the door open to raising them later this year if the economy doesn’t slow enough to control inflation declining.

In this context, market participants are separated as to whether the U.S. central bank will raise interest rates by 25 bps on the next FOMC monetary meeting on September 20, or later the year, or hold them steady, depending on the upcoming U.S. economic and labor data.

DXY-U.S. dollar index, 4-hour chart

The dollar strength has sent major peers, the Euro and the Pound Sterling to hit two-month lows of $1.0780 and $1.2550, while the Japanese Yen extended recent losses to ¥146.50 on BoJ’s ultra-dovish policy.

EUR/USD pair, 4-hour chart

During the well-awaited speech at the annual Jackson Hole Economic Policy Symposium on Kansas, Powell said that the Federal Reserve would “proceed carefully” on whether to raise interest rates again (if needed) and intends to keep rates high until inflation is on a convincing path toward the Fed’s 2% target. https://www.reuters.com/markets/us/fed-registers-gains-powell-may-take-lay-low-approach-2023-08-25/

Powell added that past interest-rate increases had yet to slow the economy fully, an argument for holding rates steady for now, but kept the door open to raising them later this year if the economy doesn’t slow enough to control inflation declining.

In this context, market participants are separated as to whether the U.S. central bank will raise interest rates by 25 bps on the next FOMC monetary meeting on September 20, or later the year, or hold them steady, depending on the upcoming U.S. economic and labor data.

DXY-U.S. dollar index, 4-hour chart

The dollar strength has sent major peers, the Euro and the Pound Sterling to hit two-month lows of $1.0780 and $1.2550, while the Japanese Yen extended recent losses to ¥146.50 on BoJ’s ultra-dovish policy.

EUR/USD pair, 4-hour chart

During the well-awaited speech at the annual Jackson Hole Economic Policy Symposium on Kansas, Powell said that the Federal Reserve would “proceed carefully” on whether to raise interest rates again (if needed) and intends to keep rates high until inflation is on a convincing path toward the Fed’s 2% target. https://www.reuters.com/markets/us/fed-registers-gains-powell-may-take-lay-low-approach-2023-08-25/

Powell added that past interest-rate increases had yet to slow the economy fully, an argument for holding rates steady for now, but kept the door open to raising them later this year if the economy doesn’t slow enough to control inflation declining.

In this context, market participants are separated as to whether the U.S. central bank will raise interest rates by 25 bps on the next FOMC monetary meeting on September 20, or later the year, or hold them steady, depending on the upcoming U.S. economic and labor data.

DXY-U.S. dollar index, 4-hour chart

The dollar strength has sent major peers, the Euro and the Pound Sterling to hit two-month lows of $1.0780 and $1.2550, while the Japanese Yen extended recent losses to ¥146.50 on BoJ’s ultra-dovish policy.

EUR/USD pair, 4-hour chart

During the well-awaited speech at the annual Jackson Hole Economic Policy Symposium on Kansas, Powell said that the Federal Reserve would “proceed carefully” on whether to raise interest rates again (if needed) and intends to keep rates high until inflation is on a convincing path toward the Fed’s 2% target. https://www.reuters.com/markets/us/fed-registers-gains-powell-may-take-lay-low-approach-2023-08-25/

Powell added that past interest-rate increases had yet to slow the economy fully, an argument for holding rates steady for now, but kept the door open to raising them later this year if the economy doesn’t slow enough to control inflation declining.

In this context, market participants are separated as to whether the U.S. central bank will raise interest rates by 25 bps on the next FOMC monetary meeting on September 20, or later the year, or hold them steady, depending on the upcoming U.S. economic and labor data.

The most eye-watched currency index -DXY- is up over 2% in August and set to snap a two-month losing streak, recovering most of the recent losses during the Q1-Q2 U.S. banking crisis.

DXY-U.S. dollar index, 4-hour chart

The dollar strength has sent major peers, the Euro and the Pound Sterling to hit two-month lows of $1.0780 and $1.2550, while the Japanese Yen extended recent losses to ¥146.50 on BoJ’s ultra-dovish policy.

EUR/USD pair, 4-hour chart

During the well-awaited speech at the annual Jackson Hole Economic Policy Symposium on Kansas, Powell said that the Federal Reserve would “proceed carefully” on whether to raise interest rates again (if needed) and intends to keep rates high until inflation is on a convincing path toward the Fed’s 2% target. https://www.reuters.com/markets/us/fed-registers-gains-powell-may-take-lay-low-approach-2023-08-25/

Powell added that past interest-rate increases had yet to slow the economy fully, an argument for holding rates steady for now, but kept the door open to raising them later this year if the economy doesn’t slow enough to control inflation declining.

In this context, market participants are separated as to whether the U.S. central bank will raise interest rates by 25 bps on the next FOMC monetary meeting on September 20, or later the year, or hold them steady, depending on the upcoming U.S. economic and labor data.

The most eye-watched currency index -DXY- is up over 2% in August and set to snap a two-month losing streak, recovering most of the recent losses during the Q1-Q2 U.S. banking crisis.

DXY-U.S. dollar index, 4-hour chart

The dollar strength has sent major peers, the Euro and the Pound Sterling to hit two-month lows of $1.0780 and $1.2550, while the Japanese Yen extended recent losses to ¥146.50 on BoJ’s ultra-dovish policy.

EUR/USD pair, 4-hour chart

During the well-awaited speech at the annual Jackson Hole Economic Policy Symposium on Kansas, Powell said that the Federal Reserve would “proceed carefully” on whether to raise interest rates again (if needed) and intends to keep rates high until inflation is on a convincing path toward the Fed’s 2% target. https://www.reuters.com/markets/us/fed-registers-gains-powell-may-take-lay-low-approach-2023-08-25/

Powell added that past interest-rate increases had yet to slow the economy fully, an argument for holding rates steady for now, but kept the door open to raising them later this year if the economy doesn’t slow enough to control inflation declining.

In this context, market participants are separated as to whether the U.S. central bank will raise interest rates by 25 bps on the next FOMC monetary meeting on September 20, or later the year, or hold them steady, depending on the upcoming U.S. economic and labor data.

The DXY-U.S. dollar index, which tracks the value of the U.S. currency against six major rivals, hit a fresh 12-week high of 104.45 during last Friday’s session as Fed Chair Jerome Powell left open the possibility of further interest rate increases to cool still-too-high inflation, that would support dollar and bond yields.

The most eye-watched currency index -DXY- is up over 2% in August and set to snap a two-month losing streak, recovering most of the recent losses during the Q1-Q2 U.S. banking crisis.

DXY-U.S. dollar index, 4-hour chart

The dollar strength has sent major peers, the Euro and the Pound Sterling to hit two-month lows of $1.0780 and $1.2550, while the Japanese Yen extended recent losses to ¥146.50 on BoJ’s ultra-dovish policy.

EUR/USD pair, 4-hour chart

During the well-awaited speech at the annual Jackson Hole Economic Policy Symposium on Kansas, Powell said that the Federal Reserve would “proceed carefully” on whether to raise interest rates again (if needed) and intends to keep rates high until inflation is on a convincing path toward the Fed’s 2% target. https://www.reuters.com/markets/us/fed-registers-gains-powell-may-take-lay-low-approach-2023-08-25/

Powell added that past interest-rate increases had yet to slow the economy fully, an argument for holding rates steady for now, but kept the door open to raising them later this year if the economy doesn’t slow enough to control inflation declining.

In this context, market participants are separated as to whether the U.S. central bank will raise interest rates by 25 bps on the next FOMC monetary meeting on September 20, or later the year, or hold them steady, depending on the upcoming U.S. economic and labor data.

In this context, the yields on the 2-year and 10-year Treasury bills jumped to 4.85% and 4.11% respectively on the inflation headlines as investors expect that Fed won’t cut rates anytime soon. https://www.cnbc.com/2023/08/11/treasury-yields-rise-after-the-cooler-than-expected-july-inflation-print.html

Since CPI inflation still maintains far from Fed’s 2% inflation target, investors believe that the central bankers will likely maintain a hawkish stance and keep the door open to a further rate hike of 25 bps in September if the economic data justify it.

In this context, the yields on the 2-year and 10-year Treasury bills jumped to 4.85% and 4.11% respectively on the inflation headlines as investors expect that Fed won’t cut rates anytime soon. https://www.cnbc.com/2023/08/11/treasury-yields-rise-after-the-cooler-than-expected-july-inflation-print.html

Since CPI inflation still maintains far from Fed’s 2% inflation target, investors believe that the central bankers will likely maintain a hawkish stance and keep the door open to a further rate hike of 25 bps in September if the economic data justify it.

In this context, the yields on the 2-year and 10-year Treasury bills jumped to 4.85% and 4.11% respectively on the inflation headlines as investors expect that Fed won’t cut rates anytime soon. https://www.cnbc.com/2023/08/11/treasury-yields-rise-after-the-cooler-than-expected-july-inflation-print.html

https://www.bls.gov/news.release/cpi.nr0.htm

Since CPI inflation still maintains far from Fed’s 2% inflation target, investors believe that the central bankers will likely maintain a hawkish stance and keep the door open to a further rate hike of 25 bps in September if the economic data justify it.

In this context, the yields on the 2-year and 10-year Treasury bills jumped to 4.85% and 4.11% respectively on the inflation headlines as investors expect that Fed won’t cut rates anytime soon. https://www.cnbc.com/2023/08/11/treasury-yields-rise-after-the-cooler-than-expected-july-inflation-print.html

Another positive sign on the inflation reading is that the core inflation increased 0.2% for the second straight month, marking the first time since February 2021 that core CPI rose just 0.2% in consecutive months, notably lower than the 0.4% to 0.5% increase to start the year given declines in wholesale used car and trucks prices, and medical care prices.

https://www.bls.gov/news.release/cpi.nr0.htm

Since CPI inflation still maintains far from Fed’s 2% inflation target, investors believe that the central bankers will likely maintain a hawkish stance and keep the door open to a further rate hike of 25 bps in September if the economic data justify it.

In this context, the yields on the 2-year and 10-year Treasury bills jumped to 4.85% and 4.11% respectively on the inflation headlines as investors expect that Fed won’t cut rates anytime soon. https://www.cnbc.com/2023/08/11/treasury-yields-rise-after-the-cooler-than-expected-july-inflation-print.html

Another positive sign on the inflation reading is that the core inflation increased 0.2% for the second straight month, marking the first time since February 2021 that core CPI rose just 0.2% in consecutive months, notably lower than the 0.4% to 0.5% increase to start the year given declines in wholesale used car and trucks prices, and medical care prices.

https://www.bls.gov/news.release/cpi.nr0.htm

Since CPI inflation still maintains far from Fed’s 2% inflation target, investors believe that the central bankers will likely maintain a hawkish stance and keep the door open to a further rate hike of 25 bps in September if the economic data justify it.

In this context, the yields on the 2-year and 10-year Treasury bills jumped to 4.85% and 4.11% respectively on the inflation headlines as investors expect that Fed won’t cut rates anytime soon. https://www.cnbc.com/2023/08/11/treasury-yields-rise-after-the-cooler-than-expected-july-inflation-print.html

U.S. CPI index for July 2023

Another positive sign on the inflation reading is that the core inflation increased 0.2% for the second straight month, marking the first time since February 2021 that core CPI rose just 0.2% in consecutive months, notably lower than the 0.4% to 0.5% increase to start the year given declines in wholesale used car and trucks prices, and medical care prices.

https://www.bls.gov/news.release/cpi.nr0.htm

Since CPI inflation still maintains far from Fed’s 2% inflation target, investors believe that the central bankers will likely maintain a hawkish stance and keep the door open to a further rate hike of 25 bps in September if the economic data justify it.

In this context, the yields on the 2-year and 10-year Treasury bills jumped to 4.85% and 4.11% respectively on the inflation headlines as investors expect that Fed won’t cut rates anytime soon. https://www.cnbc.com/2023/08/11/treasury-yields-rise-after-the-cooler-than-expected-july-inflation-print.html

U.S. CPI index for July 2023

Another positive sign on the inflation reading is that the core inflation increased 0.2% for the second straight month, marking the first time since February 2021 that core CPI rose just 0.2% in consecutive months, notably lower than the 0.4% to 0.5% increase to start the year given declines in wholesale used car and trucks prices, and medical care prices.

https://www.bls.gov/news.release/cpi.nr0.htm

Since CPI inflation still maintains far from Fed’s 2% inflation target, investors believe that the central bankers will likely maintain a hawkish stance and keep the door open to a further rate hike of 25 bps in September if the economic data justify it.

In this context, the yields on the 2-year and 10-year Treasury bills jumped to 4.85% and 4.11% respectively on the inflation headlines as investors expect that Fed won’t cut rates anytime soon. https://www.cnbc.com/2023/08/11/treasury-yields-rise-after-the-cooler-than-expected-july-inflation-print.html

U.S. CPI index for July 2023

Another positive sign on the inflation reading is that the core inflation increased 0.2% for the second straight month, marking the first time since February 2021 that core CPI rose just 0.2% in consecutive months, notably lower than the 0.4% to 0.5% increase to start the year given declines in wholesale used car and trucks prices, and medical care prices.

https://www.bls.gov/news.release/cpi.nr0.htm

Since CPI inflation still maintains far from Fed’s 2% inflation target, investors believe that the central bankers will likely maintain a hawkish stance and keep the door open to a further rate hike of 25 bps in September if the economic data justify it.

In this context, the yields on the 2-year and 10-year Treasury bills jumped to 4.85% and 4.11% respectively on the inflation headlines as investors expect that Fed won’t cut rates anytime soon. https://www.cnbc.com/2023/08/11/treasury-yields-rise-after-the-cooler-than-expected-july-inflation-print.html

The core CPI, which excludes volatile food and energy costs, rose 0.2% in July and 4.7% from last year in July but in line with market expectations, and down from 4.8% in June, an encouraging sign that the core goods inflation has started to slow down.

U.S. CPI index for July 2023

Another positive sign on the inflation reading is that the core inflation increased 0.2% for the second straight month, marking the first time since February 2021 that core CPI rose just 0.2% in consecutive months, notably lower than the 0.4% to 0.5% increase to start the year given declines in wholesale used car and trucks prices, and medical care prices.

https://www.bls.gov/news.release/cpi.nr0.htm

Since CPI inflation still maintains far from Fed’s 2% inflation target, investors believe that the central bankers will likely maintain a hawkish stance and keep the door open to a further rate hike of 25 bps in September if the economic data justify it.

In this context, the yields on the 2-year and 10-year Treasury bills jumped to 4.85% and 4.11% respectively on the inflation headlines as investors expect that Fed won’t cut rates anytime soon. https://www.cnbc.com/2023/08/11/treasury-yields-rise-after-the-cooler-than-expected-july-inflation-print.html

The core CPI, which excludes volatile food and energy costs, rose 0.2% in July and 4.7% from last year in July but in line with market expectations, and down from 4.8% in June, an encouraging sign that the core goods inflation has started to slow down.

U.S. CPI index for July 2023

Another positive sign on the inflation reading is that the core inflation increased 0.2% for the second straight month, marking the first time since February 2021 that core CPI rose just 0.2% in consecutive months, notably lower than the 0.4% to 0.5% increase to start the year given declines in wholesale used car and trucks prices, and medical care prices.

https://www.bls.gov/news.release/cpi.nr0.htm

Since CPI inflation still maintains far from Fed’s 2% inflation target, investors believe that the central bankers will likely maintain a hawkish stance and keep the door open to a further rate hike of 25 bps in September if the economic data justify it.

In this context, the yields on the 2-year and 10-year Treasury bills jumped to 4.85% and 4.11% respectively on the inflation headlines as investors expect that Fed won’t cut rates anytime soon. https://www.cnbc.com/2023/08/11/treasury-yields-rise-after-the-cooler-than-expected-july-inflation-print.html

The well-awaited headline U.S. CPI for July rose 0.2% from last month and 3.2% from a year ago, slightly below market expectations of 3.3%, but higher than the 3% in June due to increased fuel prices, a sign that inflation reaccelerated in July for the first time in 13 months.

The core CPI, which excludes volatile food and energy costs, rose 0.2% in July and 4.7% from last year in July but in line with market expectations, and down from 4.8% in June, an encouraging sign that the core goods inflation has started to slow down.

U.S. CPI index for July 2023

Another positive sign on the inflation reading is that the core inflation increased 0.2% for the second straight month, marking the first time since February 2021 that core CPI rose just 0.2% in consecutive months, notably lower than the 0.4% to 0.5% increase to start the year given declines in wholesale used car and trucks prices, and medical care prices.

https://www.bls.gov/news.release/cpi.nr0.htm

Since CPI inflation still maintains far from Fed’s 2% inflation target, investors believe that the central bankers will likely maintain a hawkish stance and keep the door open to a further rate hike of 25 bps in September if the economic data justify it.

In this context, the yields on the 2-year and 10-year Treasury bills jumped to 4.85% and 4.11% respectively on the inflation headlines as investors expect that Fed won’t cut rates anytime soon. https://www.cnbc.com/2023/08/11/treasury-yields-rise-after-the-cooler-than-expected-july-inflation-print.html

The well-awaited headline U.S. CPI for July rose 0.2% from last month and 3.2% from a year ago, slightly below market expectations of 3.3%, but higher than the 3% in June due to increased fuel prices, a sign that inflation reaccelerated in July for the first time in 13 months.

The core CPI, which excludes volatile food and energy costs, rose 0.2% in July and 4.7% from last year in July but in line with market expectations, and down from 4.8% in June, an encouraging sign that the core goods inflation has started to slow down.

U.S. CPI index for July 2023

Another positive sign on the inflation reading is that the core inflation increased 0.2% for the second straight month, marking the first time since February 2021 that core CPI rose just 0.2% in consecutive months, notably lower than the 0.4% to 0.5% increase to start the year given declines in wholesale used car and trucks prices, and medical care prices.

https://www.bls.gov/news.release/cpi.nr0.htm

Since CPI inflation still maintains far from Fed’s 2% inflation target, investors believe that the central bankers will likely maintain a hawkish stance and keep the door open to a further rate hike of 25 bps in September if the economic data justify it.

In this context, the yields on the 2-year and 10-year Treasury bills jumped to 4.85% and 4.11% respectively on the inflation headlines as investors expect that Fed won’t cut rates anytime soon. https://www.cnbc.com/2023/08/11/treasury-yields-rise-after-the-cooler-than-expected-july-inflation-print.html

U.S. CPI readings:

The well-awaited headline U.S. CPI for July rose 0.2% from last month and 3.2% from a year ago, slightly below market expectations of 3.3%, but higher than the 3% in June due to increased fuel prices, a sign that inflation reaccelerated in July for the first time in 13 months.

The core CPI, which excludes volatile food and energy costs, rose 0.2% in July and 4.7% from last year in July but in line with market expectations, and down from 4.8% in June, an encouraging sign that the core goods inflation has started to slow down.

U.S. CPI index for July 2023

Another positive sign on the inflation reading is that the core inflation increased 0.2% for the second straight month, marking the first time since February 2021 that core CPI rose just 0.2% in consecutive months, notably lower than the 0.4% to 0.5% increase to start the year given declines in wholesale used car and trucks prices, and medical care prices.

https://www.bls.gov/news.release/cpi.nr0.htm

Since CPI inflation still maintains far from Fed’s 2% inflation target, investors believe that the central bankers will likely maintain a hawkish stance and keep the door open to a further rate hike of 25 bps in September if the economic data justify it.

In this context, the yields on the 2-year and 10-year Treasury bills jumped to 4.85% and 4.11% respectively on the inflation headlines as investors expect that Fed won’t cut rates anytime soon. https://www.cnbc.com/2023/08/11/treasury-yields-rise-after-the-cooler-than-expected-july-inflation-print.html

U.S. CPI readings:

The well-awaited headline U.S. CPI for July rose 0.2% from last month and 3.2% from a year ago, slightly below market expectations of 3.3%, but higher than the 3% in June due to increased fuel prices, a sign that inflation reaccelerated in July for the first time in 13 months.

The core CPI, which excludes volatile food and energy costs, rose 0.2% in July and 4.7% from last year in July but in line with market expectations, and down from 4.8% in June, an encouraging sign that the core goods inflation has started to slow down.

U.S. CPI index for July 2023

Another positive sign on the inflation reading is that the core inflation increased 0.2% for the second straight month, marking the first time since February 2021 that core CPI rose just 0.2% in consecutive months, notably lower than the 0.4% to 0.5% increase to start the year given declines in wholesale used car and trucks prices, and medical care prices.

https://www.bls.gov/news.release/cpi.nr0.htm

Since CPI inflation still maintains far from Fed’s 2% inflation target, investors believe that the central bankers will likely maintain a hawkish stance and keep the door open to a further rate hike of 25 bps in September if the economic data justify it.

In this context, the yields on the 2-year and 10-year Treasury bills jumped to 4.85% and 4.11% respectively on the inflation headlines as investors expect that Fed won’t cut rates anytime soon. https://www.cnbc.com/2023/08/11/treasury-yields-rise-after-the-cooler-than-expected-july-inflation-print.html

The stronger dollar adds pressure on the major peers, with Euro failing to break above the key $1.10 psychological level, hovering at around the $1.0980 mark, the Pound Sterling is holding to nearly $1.27, while the Japanese Yen is posting steeper losses, currently trading at nearly the key ¥145 resistance level per dollar.

U.S. CPI readings:

The well-awaited headline U.S. CPI for July rose 0.2% from last month and 3.2% from a year ago, slightly below market expectations of 3.3%, but higher than the 3% in June due to increased fuel prices, a sign that inflation reaccelerated in July for the first time in 13 months.

The core CPI, which excludes volatile food and energy costs, rose 0.2% in July and 4.7% from last year in July but in line with market expectations, and down from 4.8% in June, an encouraging sign that the core goods inflation has started to slow down.

U.S. CPI index for July 2023

Another positive sign on the inflation reading is that the core inflation increased 0.2% for the second straight month, marking the first time since February 2021 that core CPI rose just 0.2% in consecutive months, notably lower than the 0.4% to 0.5% increase to start the year given declines in wholesale used car and trucks prices, and medical care prices.

https://www.bls.gov/news.release/cpi.nr0.htm

Since CPI inflation still maintains far from Fed’s 2% inflation target, investors believe that the central bankers will likely maintain a hawkish stance and keep the door open to a further rate hike of 25 bps in September if the economic data justify it.

In this context, the yields on the 2-year and 10-year Treasury bills jumped to 4.85% and 4.11% respectively on the inflation headlines as investors expect that Fed won’t cut rates anytime soon. https://www.cnbc.com/2023/08/11/treasury-yields-rise-after-the-cooler-than-expected-july-inflation-print.html

The stronger dollar adds pressure on the major peers, with Euro failing to break above the key $1.10 psychological level, hovering at around the $1.0980 mark, the Pound Sterling is holding to nearly $1.27, while the Japanese Yen is posting steeper losses, currently trading at nearly the key ¥145 resistance level per dollar.

U.S. CPI readings:

The well-awaited headline U.S. CPI for July rose 0.2% from last month and 3.2% from a year ago, slightly below market expectations of 3.3%, but higher than the 3% in June due to increased fuel prices, a sign that inflation reaccelerated in July for the first time in 13 months.

The core CPI, which excludes volatile food and energy costs, rose 0.2% in July and 4.7% from last year in July but in line with market expectations, and down from 4.8% in June, an encouraging sign that the core goods inflation has started to slow down.

U.S. CPI index for July 2023

Another positive sign on the inflation reading is that the core inflation increased 0.2% for the second straight month, marking the first time since February 2021 that core CPI rose just 0.2% in consecutive months, notably lower than the 0.4% to 0.5% increase to start the year given declines in wholesale used car and trucks prices, and medical care prices.

https://www.bls.gov/news.release/cpi.nr0.htm

Since CPI inflation still maintains far from Fed’s 2% inflation target, investors believe that the central bankers will likely maintain a hawkish stance and keep the door open to a further rate hike of 25 bps in September if the economic data justify it.

In this context, the yields on the 2-year and 10-year Treasury bills jumped to 4.85% and 4.11% respectively on the inflation headlines as investors expect that Fed won’t cut rates anytime soon. https://www.cnbc.com/2023/08/11/treasury-yields-rise-after-the-cooler-than-expected-july-inflation-print.html

DXY-U.S. dollar index, 2-hour chart

The stronger dollar adds pressure on the major peers, with Euro failing to break above the key $1.10 psychological level, hovering at around the $1.0980 mark, the Pound Sterling is holding to nearly $1.27, while the Japanese Yen is posting steeper losses, currently trading at nearly the key ¥145 resistance level per dollar.

U.S. CPI readings:

The well-awaited headline U.S. CPI for July rose 0.2% from last month and 3.2% from a year ago, slightly below market expectations of 3.3%, but higher than the 3% in June due to increased fuel prices, a sign that inflation reaccelerated in July for the first time in 13 months.

The core CPI, which excludes volatile food and energy costs, rose 0.2% in July and 4.7% from last year in July but in line with market expectations, and down from 4.8% in June, an encouraging sign that the core goods inflation has started to slow down.

U.S. CPI index for July 2023

Another positive sign on the inflation reading is that the core inflation increased 0.2% for the second straight month, marking the first time since February 2021 that core CPI rose just 0.2% in consecutive months, notably lower than the 0.4% to 0.5% increase to start the year given declines in wholesale used car and trucks prices, and medical care prices.

https://www.bls.gov/news.release/cpi.nr0.htm

Since CPI inflation still maintains far from Fed’s 2% inflation target, investors believe that the central bankers will likely maintain a hawkish stance and keep the door open to a further rate hike of 25 bps in September if the economic data justify it.

In this context, the yields on the 2-year and 10-year Treasury bills jumped to 4.85% and 4.11% respectively on the inflation headlines as investors expect that Fed won’t cut rates anytime soon. https://www.cnbc.com/2023/08/11/treasury-yields-rise-after-the-cooler-than-expected-july-inflation-print.html

DXY-U.S. dollar index, 2-hour chart

The stronger dollar adds pressure on the major peers, with Euro failing to break above the key $1.10 psychological level, hovering at around the $1.0980 mark, the Pound Sterling is holding to nearly $1.27, while the Japanese Yen is posting steeper losses, currently trading at nearly the key ¥145 resistance level per dollar.

U.S. CPI readings:

The well-awaited headline U.S. CPI for July rose 0.2% from last month and 3.2% from a year ago, slightly below market expectations of 3.3%, but higher than the 3% in June due to increased fuel prices, a sign that inflation reaccelerated in July for the first time in 13 months.

The core CPI, which excludes volatile food and energy costs, rose 0.2% in July and 4.7% from last year in July but in line with market expectations, and down from 4.8% in June, an encouraging sign that the core goods inflation has started to slow down.

U.S. CPI index for July 2023

Another positive sign on the inflation reading is that the core inflation increased 0.2% for the second straight month, marking the first time since February 2021 that core CPI rose just 0.2% in consecutive months, notably lower than the 0.4% to 0.5% increase to start the year given declines in wholesale used car and trucks prices, and medical care prices.

https://www.bls.gov/news.release/cpi.nr0.htm

Since CPI inflation still maintains far from Fed’s 2% inflation target, investors believe that the central bankers will likely maintain a hawkish stance and keep the door open to a further rate hike of 25 bps in September if the economic data justify it.

In this context, the yields on the 2-year and 10-year Treasury bills jumped to 4.85% and 4.11% respectively on the inflation headlines as investors expect that Fed won’t cut rates anytime soon. https://www.cnbc.com/2023/08/11/treasury-yields-rise-after-the-cooler-than-expected-july-inflation-print.html

DXY-U.S. dollar index, 2-hour chart

The stronger dollar adds pressure on the major peers, with Euro failing to break above the key $1.10 psychological level, hovering at around the $1.0980 mark, the Pound Sterling is holding to nearly $1.27, while the Japanese Yen is posting steeper losses, currently trading at nearly the key ¥145 resistance level per dollar.

U.S. CPI readings:

The well-awaited headline U.S. CPI for July rose 0.2% from last month and 3.2% from a year ago, slightly below market expectations of 3.3%, but higher than the 3% in June due to increased fuel prices, a sign that inflation reaccelerated in July for the first time in 13 months.

The core CPI, which excludes volatile food and energy costs, rose 0.2% in July and 4.7% from last year in July but in line with market expectations, and down from 4.8% in June, an encouraging sign that the core goods inflation has started to slow down.

U.S. CPI index for July 2023

Another positive sign on the inflation reading is that the core inflation increased 0.2% for the second straight month, marking the first time since February 2021 that core CPI rose just 0.2% in consecutive months, notably lower than the 0.4% to 0.5% increase to start the year given declines in wholesale used car and trucks prices, and medical care prices.

https://www.bls.gov/news.release/cpi.nr0.htm

Since CPI inflation still maintains far from Fed’s 2% inflation target, investors believe that the central bankers will likely maintain a hawkish stance and keep the door open to a further rate hike of 25 bps in September if the economic data justify it.

In this context, the yields on the 2-year and 10-year Treasury bills jumped to 4.85% and 4.11% respectively on the inflation headlines as investors expect that Fed won’t cut rates anytime soon. https://www.cnbc.com/2023/08/11/treasury-yields-rise-after-the-cooler-than-expected-july-inflation-print.html

The DXY-U.S. dollar index trades to near monthly highs of 102.70 as forex investors remain positive on the dollar outlook amid the growing expectation that the Fed’s interest rates might remain higher for longer after July’s CPI readings.

DXY-U.S. dollar index, 2-hour chart

The stronger dollar adds pressure on the major peers, with Euro failing to break above the key $1.10 psychological level, hovering at around the $1.0980 mark, the Pound Sterling is holding to nearly $1.27, while the Japanese Yen is posting steeper losses, currently trading at nearly the key ¥145 resistance level per dollar.

U.S. CPI readings:

The well-awaited headline U.S. CPI for July rose 0.2% from last month and 3.2% from a year ago, slightly below market expectations of 3.3%, but higher than the 3% in June due to increased fuel prices, a sign that inflation reaccelerated in July for the first time in 13 months.

The core CPI, which excludes volatile food and energy costs, rose 0.2% in July and 4.7% from last year in July but in line with market expectations, and down from 4.8% in June, an encouraging sign that the core goods inflation has started to slow down.

U.S. CPI index for July 2023

Another positive sign on the inflation reading is that the core inflation increased 0.2% for the second straight month, marking the first time since February 2021 that core CPI rose just 0.2% in consecutive months, notably lower than the 0.4% to 0.5% increase to start the year given declines in wholesale used car and trucks prices, and medical care prices.

https://www.bls.gov/news.release/cpi.nr0.htm

Since CPI inflation still maintains far from Fed’s 2% inflation target, investors believe that the central bankers will likely maintain a hawkish stance and keep the door open to a further rate hike of 25 bps in September if the economic data justify it.

In this context, the yields on the 2-year and 10-year Treasury bills jumped to 4.85% and 4.11% respectively on the inflation headlines as investors expect that Fed won’t cut rates anytime soon. https://www.cnbc.com/2023/08/11/treasury-yields-rise-after-the-cooler-than-expected-july-inflation-print.html