US Inflation Data Fuels More Risk-On Rally, Yen Surges After Ishiba’s LDP Leadership Win
Risk-on sentiment returned to global markets again in early US trading, driven by lower-than-expected inflation data. While annual PCE core inflation edged up to 2.7%, the monthly increase was a modest 0.1%. This tamer monthly inflation growth suggests that underlying price pressures would, at least, not obstruct Fed’s to another aggressive rate cut at its […] The post US Inflation Data Fuels More Risk-On Rally, Yen Surges After Ishiba’s LDP Leadership Win appeared first on Action Forex.
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Risk-on sentiment returned to global markets again in early US trading, driven by lower-than-expected inflation data. While annual PCE core inflation edged up to 2.7%, the monthly increase was a modest 0.1%. This tamer monthly inflation growth suggests that underlying price pressures would, at least, not obstruct Fed’s to another aggressive rate cut at its […]
The post US Inflation Data Fuels More Risk-On Rally, Yen Surges After Ishiba’s LDP Leadership Win appeared first on Action Forex.
