Inflation

Trump Says Value-Added Taxes Will Be Considered Tariffs: What To Know About His Reciprocal Tariff Plan—And Its Inflation Impact
Trump's reciprocal tariffs may spike inflation, affect trade with EU and India


Trump Administration Lays Off CDC’s Epidemic Intelligence Service Workers, Threatening Science And Public Health
Trump's CDC layoffs threaten public health response amid global disease threats.


Trump Says His ‘Big’ Tariffs Are Coming Today: What To Know About Reciprocal Tariffs—And Inflation Impact
Trump's reciprocal tariffs could spike inflation, challenge Fed rate cuts.


Average rate on 30-year mortgage eases, but remains just below 7%
US mortgage rates slip but stay near 7% as spring season looms


Average rate on 30-year mortgage hits 7%, its fifth straight increase
U.S. mortgage rates hit 8-month high, impacting housing market


The final jobs report for 2024 lands Friday. Here’s what 2025 could mean for your job | CNN Business
US job growth stabilizes in 2024, faces 2025 uncertainties


Fact check: President Biden defends Hunter Biden pardon with false and inaccurate claims | CNN Politics
Biden defends Hunter's pardon with false claims; inflation remarks inaccurate

McDonald’s biggest menu shakeup in years rolls out Tuesday | CNN Business
McDonald's launches McValue menu to revive US sales amid rising costs


Average 30-year mortgage rate hits 6.91%, Freddie Mac says, the highest since July
U.S. mortgage rates hit highest level since July amid inflation concerns


US unemployment claims fall to the lowest level since March
US jobless claims hit lowest since March; job security strong


US unemployment applications hold steady; continuing claims rise to 3-year high
US jobless claims stable, continuing claims hit 3-year high


Powell led the Fed’s fight against inflation. It’s not over yet – and it could get even harder | CNN Business
Powell faces new economic tests as Trump threatens tariffs, challenges Fed's independence


Here are 12 well-known companies that went bankrupt in 2024 | CNN Business
Inflation spurs wave of 2024 bankruptcies, 14k jobs lost across major brands


Low-income Americans are struggling. It could get worse | CNN Business
Economic struggles persist for low-income Americans amid inflation, tariffs loom


The Fed’s go-to inflation gauge ticked up less than expected last month
The Federal Reserve reports a slight increase in inflation in November, prompting cautious optimism. Despite rising prices, concerns about future cost of living and global events grow, leading to a careful approach on interest rate adjustments as economic indicators show mixed signals.


Inflation data the focus in Europe before the Fed later today
Major currencies are mostly little changed with exception of the aussie and kiwi today. Both the antipodes are being pulled lower, breaking to fresh lows for the year. AUD/USD is down 0.4% to 0.6311 now upon a break of key technical support from the August low highlighted here. Meanwhile, NZD/USD is down 0.3% to 0.5735 to its lowest since November 2022 as it sticks to the firm break under 0.5800 since last week.That is at least making for some interesting moves before we get to the FOMC meeting later. In broader markets, equities are keeping more tentative while the selling in bonds is also taking a light breather. All eyes are on the Fed now and that's the main event that traders will be looking to respond to next.Coming up in European trading, there will be inflation data on the cards. The UK one will be the more heavily watched as it will come before the BOE policy decision tomorrow. But with headline and core annual inflation both expected to come in higher than the month prior, it should just reaffirm the BOE decision to pause this week.The OIS market is already pricing in ~93% odds of the BOE leaving the bank rate unchanged. So, any upside for the pound may be more limited. That being said, the odds of a February rate cut are closer to 50-50 right now. So, higher price pressures here could still lift the quid as traders tone that down.Headline annual inflation is estimated to come in at 2.6%, up from 2.3% previously. Meanwhile, core annual inflation is estimated to come in at 3.6%, up from 3.3% previously.As for the Eurozone inflation data, these are final figures for November. As such, the impact is likely to be more muted.0700 GMT - UK November CPI figures1000 GMT - Eurozone November final CPI figures1100 GMT - UK December CBI trends total orders1200 GMT - US MBA mortgage applications w.e. 13 DecemberThat's all for the session ahead. I wish you all the best of days to come and good luck with your trading! Stay safe out there. This article was written by Justin Low at www.forexlive.com.

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