EUR/USD
1.15525
0.096%
Gold
4433.58
1.501%
Oil
81.457
-0.886%
USD/JPY
158.941
-0.224%
GBP/USD
1.35265
0.143%
GBP/JPY
214.998
-0.080%
Real-time News
On August 12, Bill Adams, chief U.S. economist at Fifth Third Commercial Bank, said: "The July CPI report barely met the threshold that would have prompted the Federal Reserve to keep interest rates unchanged at its next meeting in September. Fed policymakers have already signaled in July that core inflation must improve between now and the September meeting in order to avoid raising interest rates."The document shows that the European Central Bank expects integration to be "challenging and enduring," noting the tensions and disagreements that exist within it.On August 12th, Karen Manna, Head of Fixed Income Investments at Federated Hermes, stated, "This expected CPI report didnt provide enough new information, nor did it give the Fed a compelling reason to change its policy direction. At the same time, the report also means that the possibility of a Fed rate hike in the fourth quarter remains. However, before taking that action, the Fed may need to see more evidence that inflation is accelerating again."On August 12, Chris Zacarelli, chief investment officer of Northlight Asset Management, said: "This CPI report was not surprising. All the data was in line with expectations. The biggest surprise was that inflation did not accelerate again. Coupled with the recent weak jobs report, this gives the Fed more time to wait and see."US-listed optical communications stocks rallied, with Lumentum up 5%, Coherent up 6%, and Marvell Technology (MRVL.O) and Corning (GLW.N) up about 5%.
