US Data Lifts Dollar as Fed Hike Expectations Edge Higher

Wall Street muted as hot inflation fuels rate-hike bets

Wall Street's main indexes were subdued on Wednesday as investors stuck to the sidelines ahead of AI bellwether Nvidia's quarterly earnings.

US data lifts dollar as Fed hike expectations edge higher

NEW YORK, Aug 26 : The dollar was higher on Wednesday after a round of U.S. economic data, including a reading on inflation that slightly increased expectations for a rate hike from the Federal Reserve ahead of the Jackson Hole symposium of central bankers this week. The Commerce Department said the Personal

Fed seen a bit more likely to hike after inflation data

Aug 26 (Reuters) - The case for a Federal Reserve interest-rate hike gained a little steam on Wednesday after a government report showed inflation in July ​was a touch stronger than economists had expected. The ‌12-month gain in the personal consumptio...

The PCE Data Just Came In. It Tilts Toward a September Rate Hike, Not Away From It - Channelchek

The Personal Consumption Expenditures price index, the inflation measure the Federal Reserve targets most closely, rose 3.7% year over year in July, up from 3.6% in June, the Commerce Department reported Wednesday, coming in a touch stronger than economists had expected. Core PCE, which strips out volatile food and energy prices and is viewed as the cleaner read on underlying inflation pressure, held at 3.3% year over year, showing no improvemen…

Treasury yields rise as data suggests potential Fed rate hike this year

Rising Treasury yields signal potential economic tightening, impacting borrowing costs and market strategies amid inflation concerns. The post Treasury yields rise as data suggests potential Fed rate hike this year appeared first on Crypto Briefing.