Economists polled by Reuters expect China's inflation rate to hold steady at 0.2%.
June inflation data will be closely watched by investors in the week ahead
Investors are turning their attention to inflation data in the week ahead, following this week's hot jobs data, to further clarify the path of future monetary policy. Market participants are hoping next week's release of the June consumer price index on Wednesday, as well as last month's producer price index on Thursday, will show a downward trajectory in inflation after this week's strong ADP data spurred investor fears of further rate hikes ahead.
"CPI is a big number," said James Ragan, director of wealth management research at D.A. Davidson. "You saw the market reaction, that big decline yesterday and then the market coming back a little bit today, just kind of indicates that there's still a lot of discussion about what the interest rate path is going to be, and what the Fed might do. And so, I think the CPI kind of feeds into that.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Yellen swaps stories of being 'the only woman in the room' with Chinese economistsU.S. Treasury Secretary Janet Yellen, a trailblazer in the field of economics, met with six female economists in Beijing on Saturday, an effort to spotlight gender diversity following meetings with China's largely male government leaders.
Weiterlesen »
Wall Street ends choppy day lower after jobs data By Reuters*WALL STREET ENDS LOWER AFTER JOBS DATA AS U.S. STOCKS SUFFER WEEKLY LOSSES ON RATE FEARS *FOR THE TRADING WEEK: *DOW FALLS -1.3% *S&P 500 FALLS -1.1% *NASDAQ FALLS -0.9% *RUSSELL 2000 FALLS -1.3% $DIA $SPY $QQQ $IWM 🇺🇸🇺🇸
Weiterlesen »
Best of Wimbledon | Pictures | ReutersSerbia's Novak Djokovic celebrates winning his third round match against Switzerland's Stan Wawrinka at Wimbledon in London, Britain, July 7, 2023. REUTERS/Andrew Couldridge
Weiterlesen »
'Pacific Rim': Guillermo Del Toro Confirms 'Fun Plans' for 10th AnniversaryHopefully he's actually built a working Jaeger.
Weiterlesen »
Underground explosion damages car, several windows near Pacific Heights in SF, fire department saysOne vehicle and several windows are damaged after an underground vault fire erupted from a manhole off Pacific and Buchanan Streets in San Francisco Saturday night, according to the fire department. The incident happened at approximately 8:30 p.m.
Weiterlesen »