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Welcome to FPG’s Daily Economic News section, where we provide you with the latest updates and insights on the global economy. From the stock markets to trade policies, from inflation rates to interest rates, we cover it all.
Canada’s Inflation Eases: CPI Hits Three-Year Low Canada’s annual inflation rate returned to the central bank’s target, easing to a new three-year low in August. The country’s consumer price index (CPI) climbed 2.0% year-over-year, down from 2.5%
As the global financial markets prepare for the Federal Reserve’s rate cut decision, gold prices remain steady near the $2,570 level. Investors are focused on the implications of the Fed’s policy moves, with potential for further gold
Gold prices remain resilient around $2,570 as traders anticipate a significant interest rate cut from the Federal Reserve later this week. With U.S. economic data signaling a slowdown and global uncertainties persisting, gold is increasingly seen as
New Zealand Dollar Slips: Economic Concerns and Fed Outlook Weigh In The New Zealand dollar fell to around $0.619 after gaining 0.7% in the previous session, pressured by concerns over economic weakness in China, which is New
Gold prices have surged to new all-time highs, trading just below the $2,590 mark, as the market anticipates a potential 0.50% interest rate cut from the Federal Reserve. A combination of weakening U.S. inflation data, declining Treasury
Yen Rises Amid Policy Divergence: BOJ and Fed in Focus The Japanese yen strengthened to around 140.5 against the US dollar in light trading on Monday, nearing its highest level since July 2023. The currency’s rise comes
Bitcoin Set to End Losing Streak: CPI Data Sparks Modest Momentum Bitcoin prices BTCUSD surged above $58,000 per coin on Thursday, following a boost from favorable U.S. inflation data. The consumer price index (CPI), released Wednesday, revealed
In the past 24 hours, Gold (XAU/USD) has demonstrated resilience, maintaining its position above critical support levels despite the influence of mixed market dynamics. As central banks adjust their monetary policies and global geopolitical risks loom, gold’s
U.S. Oil and Fuel Stocks Rise: Lower Demand Signals Market Shift U.S. crude oil inventories rose for the first time in four weeks, driven by lower demand, according to the U.S. Energy Information Administration (EIA). Commercial crude
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