The Latest Breaking News on Economic Optimism Soars as Americans Embrace Promising Outlook for 2024

The dollar index (DXY00 ) on Friday fell by -0.42% and posted a 2-1/2 month low. The dollar Friday fell moderately and remains under pressure as this week’s better-than-expected U.S. inflation news and weekly jobs data that point to a slowing labor market have bolstered speculation the Fed is down...

The stock market rally extended strong gains on tame inflation. A Microsoft AI chip and poor guidance from Cisco, Walmart and Palo Alto were in focus.

The cryptocurrency market experienced a significant decline on Tuesday evening, despite a generally supportive environment for risk assets

The local share market rose 1.4 per cent to an eight-week high after US inflation data suggested the rate-hiking cycle in the world's largest economy is over.

But many economists say a key reason why so many Americans hold a gloomy view of the economy is that prices — on items that they buy regularly — remain much higher than they were three years ago.

Tuesday's cooler-than-expected CPI report lit a fire under stocks.

The dollar index (DXY00 ) on Tuesday fell sharply by -1.50% and posted a 2-1/4 month low. The dollar sold off sharply Tuesday after U.S Oct consumer prices rose less than expected, bolstering the outlook that the Fed may be finished raising interest rates. The dollar extended its losses on...

“The Fed is increasingly likely to be in a position to cut rates in the second quarter of 2024,” Lazard's chief market strategist says.

A softer-than-expected CPI report could mean the Fed is done raising interest rates this cycle.