From Investing.com: 2024-12-13 06:25:00

Mixed US PPI numbers create uncertainty about Fed rate cuts, with inflation concerns and rising yields pushing the dollar higher. Meanwhile, the UK GDP contracts for the second straight month, adding to economic worries. The Fed faces an inflation dilemma as producer prices in the US rise unexpectedly, increasing pressure on policymakers. The dollar gains strength as rate cuts are priced out, leading to a steepening of the US yield curve. Wall Street remains resilient, but tech stocks are crucial for market stability. China’s stimulus plans disappoint, impacting global sentiment. The pound, euro, franc, and yen all decline in the FX market due to central bank actions and economic data.



Read more at Investing.com: US Dollar Continues Its Ascend as Data Clouds Fed Outlook