EUR/USD
1.11993
0.011%
Gold
4149.67
-0.269%
Oil
93.204
-0.705%
USD/JPY
158.329
0.004%
GBP/USD
1.32605
0.044%
GBP/JPY
209.957
0.062%
Real-time News
On October 14th, Jason Pride, Head of Investment Strategy and Research, and Michael Reynolds, Vice President of Investment Strategy at Glenmede, stated that this weeks CPI report is likely the most important data the Federal Reserve will see ahead of its October meeting. The most noteworthy aspect is whether service sector inflation remains stubbornly persistent. In the 12 months ending in August, service prices excluding energy rose 3.0%, above the Feds 2% target. The tug-of-war between different components is also important. A rising percentage of components above the target could indicate that price pressures are spreading from energy to a broader range of sectors.October 14th - Daniela Hathorne, senior market analyst at Capital.com, stated that Wednesdays US CPI data is expected to show overall inflation accelerating to around 3.7% in September, reflecting the impact of rising energy prices, while core inflation is projected to be around 2.5%. The difference between the two is particularly important to the Federal Reserve. The Fed raised interest rates in September but now faces the difficult task of curbing inflation without unnecessarily pressuring economic growth. The market currently prices in an approximately 80% probability that the Fed will hold rates steady in October. Weaker-than-expected core data could reinforce this expectation and provide some relief to stocks and bonds; stronger-than-expected data could push yields higher again, putting new pressure on risk assets.The Saudi-led coalition said it had intercepted a Houthi missile fired toward Riyadh.On October 14, the Pakistani Prime Ministers Office issued a statement saying that Prime Minister Shahbaz, during a meeting with Nauman Mahmood, the first Secretary General of the Mecca Defence Alliance, in Islamabad, expressed Pakistans full support for Saudi Arabias legitimate right to self-defense. The statement said that Shahbaz congratulated Mahmood on his inauguration and pointed out that the Mecca Mutual Defence Agreement is a milestone for regional peace, unity, and stability. Under the agreement, Pakistan stands shoulder to shoulder with Saudi Arabia to defend its sovereignty, defense, and regional security. Pakistan fully supports Saudi Arabias legitimate right to self-defense. Shahbaz reiterated Pakistans unwavering commitment to safeguarding Saudi Arabias sovereignty, security, and territorial integrity. The statement added that Mahmood briefed Shahbaz on the progress of defense and strategic cooperation among member states within the framework of the Mecca Mutual Defence Agreement.Italian Prime Minister: The EU needs to send representatives to the Russia-Ukraine conflict negotiations.
