14 June 2024
US PPI aka US producer-level inflation unexpectedly fell in May, by 0.2% last month after rising by 0.5% in April. On an annualized basis, US PPI increased 2.2% after rising 2.3% in April.
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13 June 2024
The Fed's prospects to cut interest rates based on newly surfaced US Inflation data showing goods & services prices fell lower than expected in May, thus fueling optimism that the disinflation trend remains intact.
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12 June 2024
US10YT fell back below the Moving Average Support which should keep the yield stable above 4.43%, even though the projected movement tends to be downtrend as the prospect of THE FED's rate cut increases in the future. ADVISE: WAIT & SEE.
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11 June 2024
The US CPI report for May will be released on Wednesday along with the conclusion of the Fed's 2-day FOMC Meeting. The US central bank, which will release its latest economic and policy projections, is expected to hold interest rates steady, but the main focus of investors will be looking for clues as to when it will start to cut rates.
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10 June 2024
US monthly employment data aka NONFARM PAYROLLS surprisingly came in stronger, thereby dimming hopes that the Federal Reserve will soon follow suit in cutting interest rates EUROZONE & CANADA; causing US Treasury yields to surge higher.
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