From Investing.com: 2024-08-15 05:51:00

US inflation eased in July, with annual numbers dropping slightly. Yet, Wall Street’s reaction was muted, and the dollar remained mixed. Yen and pound were boosted by optimistic GDP data. Hopes for a 50-bps cut by the Fed have dwindled from previously being fully priced in. Retail sales data today could shift market sentiments, with a big surprise either way causing changes. Meanwhile, Wall Street saw modest gains, with the Nasdaq barely in the green. The Yen, Pound, and Aussie currencies rallied on the back of positive economic data, with each showing slight gains against the USD.



Read more at Investing.com: US Retail Sales Eyed After CPI Report Fails to Set Off Fireworks