15 September 2023
US Market: US Consumer Price Index increased by the most in 14 months in August as the cost of gasoline rose, but the annual rise in Core CPI was the smallest in nearly two years.
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14 September 2023
The US Inflation announcement (for August) came in at 3.7% yoy, slightly higher than expectations of 3.6%; as energy prices soared. US Treasury yields did not budge much when the Inflation data came out, suggesting that the Fed will indeed put the brakes on interest rate hikes at its meeting next week.
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13 September 2023
The US CPI report later tonight at around 7.30pm GMT is eagerly awaited by market participants, who expect the US Inflation rate to rise to 3.6% yoy in August, higher than July's 3.2%; although Core CPI is expected to ease to 4.3% yoy, lower than 4.7% in the previous month.
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12 September 2023
Nasdaq led the US stock market gains by rising 1.14% on the back of a 10% jump in Tesla's share price after Morgan Stanley upgraded the electric car maker to "overweight" from "equal-weight," saying its Dojo supercomputer could boost the company's market value by nearly USD 600 billion.
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11 September 2023
The Dow Jones and others closed in the green on Friday (08/09/23) although not enough to prevent a weekly decline, as US Treasury yields climbed on growing concerns that the Fed will have to keep interest rates high for some time.
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