Mixed economic reports and Fedspeak lead to uncertainty in the US Dollar

From Investing.com: 2024-10-11 05:24:00

The latest news highlights contradicting economic reports in the US, with an unexpected rise in inflation but also an increase in jobless claims. Despite the strong CPI numbers, there is still an expectation of a rate cut in November, with Fed officials like Bostic hinting at a pause. Oil and gold prices are on the rise due to geopolitical tensions, while the pound struggles amidst lackluster data. Next week, the focus will shift to the ECB meeting and important data releases for the pound and euro.



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