US inflation cooled slightly to 3.4% in July but prices still elevated Energy is cheaper than at its peak in late April, but gas is still nearly $1 a gallon more expensive than before the Iran war The Guardian - US · Aug 12
Poorer Americans Are Struggling to Make Ends Meet as Energy Costs Bite, Top Fed Official Warns She Could Back September Rate Hike Poorer and middle-income Americans are increasingly struggling to make ends meet as higher energy costs add to inflation pressures, while a top Federal Reserve official said she could support a September rate hike if economic data warrants it. Benzinga · Aug 12
How to Price Essential Pantry Staples Before Storm Season Begins Severe weather patterns and seasonal storm threats require households to maintain reliable emergency food reserves year-round. Supermarket aisles fill with emergency supplies as communities prepare for potential power outages and severe weather disruptions. However, panic buying often drives up prices on essential canned goods and non-perishable pantry items. Repricing crucial… Grocery Coupon Guide · Aug 12
India bonds flat, major move likely only after US inflation data Indian government bonds remained mostly stable on Wednesday, with traders eyeing important US inflation statistics expected later that day. The local retail inflation for July edged up to 4.45 percent, while oil prices declined slightly following news of a ceasefire extension. Overnight index swap rates showed little change, reflecting expectations… The Economic Times · Aug 12
All about Zhu Rongji: The rumoured descendant of Ming dynasty founder, who helped transform China into a global economic powerhouse Zhu Rongji, China's former premier, spearheaded significant economic reforms during his tenure. He pushed sweeping changes for state-owned enterprises and promoted private home ownership. Zhu also played a crucial role in securing China's entry into the World Trade Organization. His tough stance on inflation and corruption defined his leadership style.… The Economic Times · Aug 12
What do a Couple of Carls Have to Say About Wednesday's "Market Moving" Government Numbers? For those that believe that markets only work if directed by government agencies, Wednesday is for you. Barchart · Aug 12
India’s July inflation quickens to 4.45% from 4.38% in June, stays above RBI target India saw its retail inflation rise to 4.45 percent in July compared to June's 4.38 percent, largely due to rising food prices, which are keeping consumer costs elevated. The Reserve Bank of India has adjusted its inflation prediction for FY27 down to five percent. Excluding precious metals, core inflation seems… The Economic Times · Aug 12
Nasdaq Futures Climb as CoreWeave and Super Micro Provide a Boost, U.S. Inflation Data in Focus September Nasdaq 100 E-Mini futures (NQU26) are up +0.71% this morning as stellar earnings from CoreWeave and Super Micro Computer boosted sentiment. Barchart · Aug 12
The Upcoming Inflation Report Is a Big Deal for the Fed. Here's What Economists Expect. The Dow Jones consensus forecast calls for headline CPI to rise 0.1% from June, while core CPI, which excludes volatile food and energy prices, is expected to increase 0.2%. International Business Times · Aug 12
Rupee nudges up on RBI intervention; investors eye inflation data The Indian rupee finished the day marginally higher, propelled by ongoing tensions in the Middle East. Continuous interventions from the central bank have provided support against the U.S. dollar. Traders remain watchful as critical inflation data from India and the U.S. approaches. Throughout August, the central bank has actively engaged… The Economic Times · Aug 12
Stock Market Today: S&P 500, Dow,Nasdaq 100 Futures Gain as July CPI Comes In-Line With Expectations—CoreWeave, Nebius, Super Micro, Lumentum in Focus (UPDATED) U.S. stock futures were higher on Wednesday, as the Dow Jones, Nasdaq 100 and S&P 500 indices rose, following Tuesday’s lower close. Benzinga · Aug 12
Global Market: Euro zone bond yields dip ahead of US CPI, heavy debt supply Euro zone government bond prices edged higher as investors remained cautious ahead of key U.S. inflation data and a heavy pipeline of new bond supply. Renewed tensions in the Middle East and rising oil prices added to inflation concerns, while German Bund yields eased. Markets also remained focused on upcoming… The Economic Times · Aug 12
Global Market: European shares subdued as investors assess earnings, geopolitical risks ahead of US inflation data European shares traded largely flat as investors assessed mixed corporate earnings, rising oil prices and renewed geopolitical tensions ahead of key U.S. inflation data. Energy stocks led gains, while automobiles and parts declined. Investors remained cautious amid concerns over inflation, global trade and the outlook for interest rates. The Economic Times · Aug 12
India plans insurance reforms to rein in healthcare costs, sources say India is considering sweeping health insurance reforms to standardise treatment rates, coverage and billing, while expanding a nationwide claims exchange, sources said. A regulatory panel is expected to submit recommendations by year-end as authorities seek to curb medical inflation, reduce fraudulent claims and encourage greater insurance coverage across the country. The Economic Times · Aug 12
The Economic Times · Aug 12 Global Market: Japanese bond yields rise as traders price September BOJ rate hike Japanese government bond yields rose on Wednesday as markets increasingly priced in a September Bank of Japan rate hike. The benchmark 10-year yield climbed to 2.85%, while the two-year yield hit its highest level since 1995. Higher oil prices added to inflation concerns, while investors awaited U.S. inflation data for…
Benzinga · Aug 12 Rand Paul Says ‘Affordability’ Crisis Is Really Inflation, Blames $2 Trillion Deficit and Fed Money Creation for Rising Costs Sen. Rand Paul (R-Ky.) argued that Americans’ affordability concerns are fundamentally an inflation problem, pointing to the federal deficit and Federal Reserve monetary policy as major drivers of declining purchasing power.
The Economic Times · Aug 12 India bonds hemmed in by oil worries ahead of inflation data On Wednesday morning, Indian government bonds exhibited limited fluctuations due to high oil prices and anticipation of inflation data. The market reacted cautiously as hopes for peace in the Middle East dwindled following recent maritime incidents. Investors remain attentive to domestic and US inflation indicators, which will likely influence future…
Euronews · Aug 12 World markets mixed as oil and gold rise ahead of US inflation data Oil prices climbed and Wall Street pulled back from record highs, while South Korea's Kospi surged more than 4% on renewed chip-buying, as markets brace for a crucial US inflation reading.
The Economic Times · Aug 12 US July CPI seen rising moderately, Fed rate outlook in focus US consumer prices are expected to have risen modestly in July, potentially easing market expectations of a Federal Reserve rate hike this year. However, inflation remains above the Fed’s target, with Middle East tensions and oil-price uncertainty keeping upside risks elevated.
The Economic Times · Aug 12 Global Market: China stocks rise as tech shares lead gains ahead of US CPI Chinese stocks edged higher as technology shares led gains, helping offset investor caution over geopolitical tensions and the upcoming US inflation data. Improving technology sentiment and greater clarity around China’s policy environment supported the mainland market, while Hong Kong stocks declined. Investors now await US inflation data for clues on…
The Economic Times · Aug 12 US Stock Market: Treasury yields pare gains as Iran comments dampen hopes for Strait of Hormuz deal US Treasury yields pared gains as hopes for a U.S.-Iran agreement faded after Tehran indicated the Strait of Hormuz would remain closed unless Washington met its demands. Markets are now awaiting July CPI data for clues on Federal Reserve policy, with any upside surprise potentially putting renewed pressure on Treasury…
Benzinga · Aug 12 Stock Market: Will S&P 500 Open Up or Down Today? U.S. stock futures are showing modest gains early Wednesday, as investors digest a mix of robust corporate earnings against the backdrop of an intensifying geopolitical impasse in the Middle East and an expected read on U.S. inflation.
The Economic Times · Aug 12 Gold prices rise Rs 1,200/10g; silver jumps Rs 2,612/kg as traders eye US inflation data. Check key levels Gold and silver prices opened higher on the MCX as investors awaited US inflation data for cues on the Federal Reserve’s rate outlook. Rising oil prices and tensions in the Middle East also kept inflation concerns in focus.
Times Life · Aug 12 Term Insurance vs Endowment Plans: What Every Indian Must Know Before Buying a Policy The Coverage Gap Nobody Talks About at the Time of PurchaseA 32-year-old earning Rs 12 lakh a year buys an endowment plan with a sum assured of Rs 10 lakh. The premium is Rs 40,000 a year for 20 years. The family feels protected. They are not. Ten lakh rupees…
The Economic Times · Aug 12 Gold firms below 10-week high as markets brace for US CPI data Gold prices experienced a notable increase on Wednesday as market participants anticipated essential inflation data. Worries about oil-induced inflation, stemming from unrest in the Middle East, kept the markets on edge. In light of recent job reports, traders lowered their predictions for a potential Federal Reserve rate hike next month.…