As expected, major US stock indexes closed with modest losses and the US DOLLAR strengthened in volatile trading on Wednesday (18/09/24) after the US Federal Reserve opted for the first major cut to the FED FUND RATE in more than four years.
Stronger-than-expected US Retail Sales report, which helped ease fears of an economic recession ahead of the FOMC MEETING decision outcome that has opened.
US stocks closed flat on Tuesday’s trading (17/09/24) despite a stronger-than-expected US Retail Sales report, which helped to ease fears of an economic recession ahead of the FOMC MEETING results which have been unveiled.
SLUGGISH US INFLATION WARRANTS A FED RATE CUT THIS WEEK.
Investors are gearing up ahead of this week’s FOMC MEETING, where the US central bank is likely to begin the first rate-cutting cycle in 4.5 years.
US stocks traded mixed on Monday (16/09/24) as investors prepared ahead of this week’s FOMC MEETING, in which the US central bank is likely to begin its first rate-cutting cycle in 4.5 years.
US PPI for August rose 0.2% mom, above the forecast of 0.1%. July’s figure was also revised down to show that PPI was unchanged at 0% flat, instead of edging up 0.1% as the preliminary figure, according to the US Bureau of Labor Statistics.
All three of Wall Street’s major indexes closed in the green on Thursday (12/09/24), shrugging off higher-than-expected US PPI data as market participants’ focus immediately turned to the expected Fed Fund Rate cut next week.
US CPI naik 0.2% mom bulan lalu, sejalan dengan Juli dan memenuhi ekspektasi para ekonom. Secara tahunan, Inflasi melambat menjadi 2.5% on Aug dari 2.9% pada bulan Juli. CORE CPI, yang tidak termasuk komponen makanan dan energi yang volatil, naik 0.3% secara bulanan, melebihi ekspektasi ekonom yang memperkirakan kenaikan sebesar 0.2%.
