US dollar moves higher after CPI. Stocks dip. Yields up modestly
globalreutersMarch 12, 20241 Mins read After the higher-than-expected core CPI (0.4% versus 0.3%,, the US dollar initially moved higher. US jobs have given up some other gains versus the broad indices. The NASDAQ is still up 56 points. The S&P is still up 5.81 points. The two-year note has moved up about one basis point while the 10-year has moved up about two or three basis points.
Markets are moving but some of those changes are already being fully erased.
Owners equivalent rent came down to +0.4% from +0.6%. Food was unchanged. Gasoline moved higher as did used cars and airline fares
This article was written by Greg Michalowski at www.forexlive.com.
Related Articles
China’s electricity consumption rose 8.9% year on year in August
China's power consumption is regularly used as a gauge of economic activity.It...
RBA meting next week – preview – to leave the cash rate on hold at 4.35%
Reuters poll of economists on what they expect from the Reserve Bank...
Bank of Japan leaves rates unchanged, as widely expected
Bank of Japan current short-term rate is 0.25% Japan's economy recovering moderately,...
European Central Bank President Lagarde speaking Friday
1500 GMT / 1100 US Eastern time2024 Michel Camdessus Central Banking Lecture...
Leave a comment