US dollar jumps as Fed officials highlight higher neutral rate, sticky CPI ...Middle East

News by : (forex live) -
The US dollar is busting through some resistance levels. The euro is at the lowest in a year, helped by German 2024 GDP forecasts being dragged into negative territory with fiscal hawks likely to take over the government in February.What's the catalyst on the move?It's not clear as Treasury yields are down at the front end today and flat at the long end. The CPI report had some kinks and one of them is rent inflation, something RBC highlighted."Two-thirds of year-over-year core price growth is still coming from the bulky home rent components, and growth in those will fade as slower growth in market rent prices flows through to CPI growth with a lag as leases are renewed.... St

Read More Details
Finally We wish PressBee provided you with enough information of ( US dollar jumps as Fed officials highlight higher neutral rate, sticky CPI )

Also on site :

Most Viewed News
جديد الاخبار