Week Ahead: US Inflation Data to Shake Fed Rate Cut Bets

From Investing.com: 2024-05-10 08:26:00

Speculators await US inflation data to gauge Fed rate-cut possibility after dovish BoE meeting. Pound dips as traders eye UK job data for potential BoE summer cut confirmation. RBA’s neutral stance disappoints, Aussie looks to wage price index and employment report for hike chances. Chinese data release may impact markets amid signs of Q2 slowdown. Japan’s Q1 GDP report could influence yen movement, potential intervention. Fed’s Powell hints at rate cuts, Minneapolis Fed President suggests steady rates for the year, all eyes on US CPI numbers for further clues.



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