Wall Street hovers near record levels as U.S. inflation ticks up. Traders hopeful for future interest rate cuts. Stocks remain steady despite slight increase in prices.
Australian and New Zealand dollars surge as U.S. inflation data sparks rate cut speculation, leading to expectations of global interest rate cuts in 2022.
Eurozone experiences inflation slowdown as ECB delays rate cuts, while rupee remains flat against the dollar due to persistent local demand. Stay informed on global currency trends.
US inflation holds steady, but public concerns persist over high prices. Will Thanksgiving bring relief? Read more about the latest data and public dissatisfaction with President Biden and the Federal Reserve.
Learn about the latest US inflation report, which shows a moderate turn but reveals rising food and shelter prices. Find out the impact on consumers and the Federal Reserve's response.
The Indian rupee is expected to open slightly higher on Tuesday, awaiting pivotal U.S. inflation data that will determine the Federal Reserve's stance on interest rates. India's inflation rate fell to 4.25%, reinforcing expectations of a prolonged pause on interest rates by the Reserve Bank of India. Futures indicate a 1-in-4 chance that the Fed will hike rates. Foreign investors bought a net $12.3 million worth of Indian bonds on Jun. 9.
Australian shares soar as falling US inflation boosts mining and financial sectors. Strong performance driven by positive wage growth and optimistic sentiment.