US inflation data: Fed’s preferred gauge stays above target; January rate cut pause in focus

US inflation data: Fed’s preferred gauge stays above target; January rate cut pause in focus

The US Federal Reserve’s preferred inflation measure remained elevated in November, reinforcing expectations that policymakers are likely to pause further interest rate cuts as they assess the impact of earlier easing and new trade-related pressures.Data released by the US Department of Commerce on Thursday showed that the personal consumption expenditures (PCE) price index rose 2.8%…

Read More
Asian stocks today: Markets inch higher as US inflation remains low; Nikkei adds over 1%, HSI trades flat

Asian stocks today: Markets inch higher as US inflation remains low; Nikkei adds over 1%, HSI trades flat

Asian equities inched higher on Friday after as investors relieved after softer reading of US inflation, expecting another interest rate cut as early as next month. Optimism was further supported by strong earnings from US chipmaker Micron Technology, which eased fears that the rally in technology stocks may be overstretched.Hong Kong’s HSI is trading at…

Read More