Charting the Global Economy: Tame US CPI Supports More Fed Rate Cuts

Charting the Global Economy: Tame US CPI Supports More Fed Rate Cuts

(Bloomberg) — A delayed snapshot of US inflation in September came in softer than expected, potentially offering a path for the Federal Reserve to cut interest rates beyond next week’s meeting.

Bloomberg Surveillance: CPI Comes In Below Estimates

The economy and the markets are "under surveillance" as we cover the latest in finance, economics and investment.

Gold rebounds after soft US inflation data bolsters Fed rate cut bets

Gold (XAU/USD) phases a rebound on Friday, cutting intraday losses after softer-than-expected United States Customer Cost Index (CPI) information. At the time of composing, XAU/USD is trading around $4,130, recuperating from session lows near $4,044, though the metal stays on track to snap its nine-week winning streak. The weaker inflation information strengthened expectations of a 25-basis-point (bps) rate cut at the Federal Reserve’s (Fed) Oct…

Gold rebounds after softer US CPI data reinforces Fed cut bets

Gold price erases earlier losses, rises over 0.10% on Friday following the release of the September inflation report in the US, which showed that prices climbed but would not deter the Federal Reserve (Fed) from cutting rates next week.