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The Consumer Price Index (CPI) rose 0.3% month-on-month (m/m) in January, ahead of the consensus forecast calling for a more modest gain of 0.2%. CPI rose 3.1% year-over-year, down from 3.4% in December. Energy prices fell 0.9% m/m, largely driven by a pullback in prices at the pump (-3.3% m/m). Meanwhile, food prices (+0.4%) jumped […]

The post US: Progress on the Inflation Front Grinds to a Halt in January  appeared first on Action Forex.

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08/08/2024

It Will Take More for RBA to Move: First Rate Cut Later, a Faster Decline a Risk

We have revised our view to an expectation that the RBA will first start cutting rates at the February 2025 meeting, and end at 3.35%. There are risks on both sides of this forecast. As we noted yesterday, the RBA Governor all but ruled out cutting rates this year. This runs counter to our earlier […]
01/12/2023

EUR/USD Stands at the Back Foot Ahead of Fed Powell’s Speeches

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GBPUSD Wave Analysis

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