Malaysia's October Manufacturing PMI Flat At 49.5
Baht, Ringgit Look Vulnerable to Further Weakness, Barclays Says -- Market Talk
The Fed may not have gotten what they wanted most, but the PCE data is not enough to change the rate cut outcome this month.
The Federal Reserve may not have received the inflation data it wanted on Thursday, but many economists believe that the new reading of the price indicator most favored by the Federal Reserve may still be sufficient to prompt the Federal Reserve to "cut interest rates by 25 basis points" in a step-by-step manner at its policy meeting next week.
Forex Today: The Continuation of the Dollar Rally Now Looks at US NFP
US Payrolls, Oct: Blame It on the Rain – TDS
In the usa, the key inflation rate reached 2.1% in September, consistent with expectations and close to the Federal Reserve's target.
A report released by the US Department of Commerce on Thursday showed a slight increase in inflation in September, approaching the target of the Federal Reserve. The Personal Consumption Expenditures Price Index (CPI) rose by 0.2% after seasonal adjustment, with a 12-month inflation rate of 2.1%, both in line with expectations of the Dow Jones. The Federal Reserve considers personal consumption expenditures as a key inflation indicator, but policymakers also pay attention to various other indicators. Federal Reserve officials have set a target for annual inflation rate at 2%, a level the Federal Reserve has not reached since February 2021. The overall inflation rate in September decreased by 0.2 percentage points compared to August. Although the overall data shows
