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Markets US May CPI numbers served as an appetizer going into tonight’s FOMC meeting. Both headline (flat) and core (+0.2% m/m) inflation missed expectations for a 0.1% and 0.3% rise respectively. That resulted in slower y/y readings of 3.3% and 3.4% with the latter the lowest since April 2021. Airline fares (-3.6%), transportation (-1.1%) and […]

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AUD/USD: Australian Dollar Rallies 1.35% as US Inflation Eases Below Expectations

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08/01/2024

Could Tokyo CPI Be Another Small Step Towards the Much-Touted BoJ Normalization?

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