Another good news? US Michigan consumer confidence hit an eight-month low in July, with both short- and long-term inflation expectations falling.

Although people's long and short-term inflation expectations have fallen back, the University of Michigan's Consumer Sentiment Index in the United States in July still hit an eight-month low, with sub-indices falling below expectations. Consumers are still very frustrated with continued high prices, and their views on current and future financial conditions have deteriorated to the lowest level since October last year.

wallstreetcnJul 12 23:13 ET

Did the 'bullish interest rate cut' brought by CPI rebound unexpectedly in June PPI in the USA was overthrown?

In June, the PPI growth rate in the USA was slightly higher than expected, mainly driven by cost inflation in the services sector.

Zhitong FinanceJul 12 09:35 ET

Fed's interest rate cut dilemma: too early in July, too late in September?

Unexpectedly weak CPI data in the USA in June has strengthened the market's expectation of an interest rate cut in September. The data shows that the year-on-year growth rate of core CPI fell to 3.3% in June, the lowest growth rate in more than three years. The trend of sustained and steady decline in inflation means that interest rate cuts must be scheduled as soon as possible. In fact, there is a monetary policy meeting of the Federal Reserve on July 31st before September 18th. According to Fedwatch, the market's betting on the possibility of a rate cut by the Federal Reserve in July is only 6.7%. Since the reasons for interest rate cuts are so sufficient, why wait until September? Some people believe that the Federal Reserve is waiting for

wallstreetcnJul 12 09:04 ET

June US Producer Price Index Rise More Than Expected

The US Producer Price Index rose by 0.2% in June following a revised steady reading in May, above the 0.1% gain expected in a survey compiled by Bloomberg as of 7:35 am ET.

MT NewswiresJul 12 08:46 ET

XAU/USD: Potential CTA Selling Likely to Be Offset by Physical Demand - UBS

Yahoo FinanceJul 12 08:27 ET

Zhitoon Hong Kong shares unpick | Fed's September rate cut is unsurprising, pay attention to bottom switching.

The Hong Kong stock market is highly sensitive to US inflation data, and it directly jumped and steadily rose today, closing up 2.59%.

Zhitong FinanceJul 12 08:14 ET