Tag: cpi
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US inflation heats up in September; Fed rate hike this month back on table
WASHINGTON: US consumer prices accelerated in September as the cost of gasoline surged, dealing another blow to US President Donald Trump and his Republican Party ahead of the Nov 3 midterm elections and putting an interest rate increa
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Asia shares edge up as chip selloff eases; US CPI awaited
HONG KONG, Oct 14 : Asian shares inched higher on Wednesday as those related to artificial intelligence found respite after a selloff, while any gain was tempered by elevated oil prices and caution ahead of U.S. inflation data later in the global day. Among firms in the AI supply chain, chipmakers Samsung Ele
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Dollar slips as in-line CPI tempers rate-hike bets
Aug 12 : The dollar weakened on Wednesday after U.S. consumer price inflation matched economists’ expectations in July, easing concerns that a hot reading could reinvigorate expectations for a near-term interest rate hike.In the 12 months through July, the CPI advanced 3.4 per cent after rising 3.5 per cent i
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