US Aug NY Fed 1-year inflation expectations at 3.58%
US Aug NY Fed 1-year inflation expectations were 3.58%, versus 3.63% prior.
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Dollar falls over 2% against yen as rate-gap narrows
The dollar fell over 2% against the yen Thursday, its steepest one-day drop since late-July intervention, as Japan rate expectations and narrowing yield gaps pressured USD/JPY to 155.48.
U.S. stocks gain as AI dealmaking offsets software selloff
U.S. equities advanced Wednesday, with the S&P 500 up 0.5% and the Dow up 0.4%, as AI dealmaking helped offset declines in software and cybersecurity shares.
Bitcoin, Ether, XRP, Dogecoin fall as CPI eases hike odds
Bitcoin, Ethereum, XRP, Solana and Dogecoin trade lower as July CPI matches expectations, core inflation eases to 2.5%, and September hike odds fall to 40% from 48%.
Gold Rises 9% in August
Gold prices surge over 9% in August on reduced pressure for US rate hikes