EUR/USD
1.16636
-0.023%
Gold
4612.46
0.330%
Oil
60.097
0.756%
USD/JPY
158.898
0.469%
GBP/USD
1.34709
0.042%
GBP/JPY
214.050
0.515%
Real-time News
January 13th - According to Reuters, traders increased their bets on Tuesday that the Federal Reserve might not wait until Fed Chairman Jerome Powells term ends in May to cut interest rates, after the U.S. Bureau of Labor Statistics reported that basic consumer price increases were slightly lower than expected. While traders still believe a June rate cut is the most likely outcome, the latest data projects a 42% probability of a Fed rate cut in April, up from 38% before the data release.January 13th - Market analyst Ira Jersey stated that the reassurance brought by the lack of a substantial surge in US inflation has led to blind optimism in the market and pushed up bond yields. The overall CPI increase of 2.7% year-on-year implies that the core PCE annual rate will be below 2.5%, paving the way for the Federal Reserve to adopt a more dovish stance. While a January rate cut is not considered a certainty, it undoubtedly brings the possibility of a March rate cut under consideration.The New York Times: U.S. grocery prices rose 0.7% in December, the largest monthly increase since October 2022. Compared to the same period last year, prices rose 2.4%.New York silver futures extended gains to 3.00% on the day, currently trading at $87.66 per ounce.January 13th - Market analyst Chris Ansty stated that given the previously low data for October and November due to suspected measurement errors, a price rebound was expected in December, making the 0.2% core CPI monthly rate seem much more moderate. Of the 73 economists surveyed, only 11 predicted a core CPI monthly rate of 0.2%, making this result surprising to the vast majority.
