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In June, U.S. prices rose by 0.1%, with a year-over-year increase of 2.5%, indicating a potential cooling of inflation. This development suggests that the Federal Reserve might cut interest rates in September, which could lead to higher prices in risk assets, including cryptocurrencies. The Fed's preferred inflation gauge, the Personal Consumption Expenditures (PCE) price index, shows signs that the central bank's efforts to manage inflation are working. Currently, the Fed has maintained interest rates at 5.25%-5.50%, and the market is anticipating a rate cut later this year.

The most reassuring #inflation data since the US Federal Reserve began its battle against inflation through higher #InterestRates in March 2022 has lifted the odds of the central bank cutting rates as many as three times before the end of 2024. The consumer price index increased just 3% from June 2023 to June 2024, the US Bureau of Labor Statistics reported July 11. That is the lowest annual increase in the market's preferred inflation measure since March 2021 and a significant drop from June 2022, when annual growth peaked at about 9%. On a monthly basis, prices fell 0.1% from May. Read more from S&P Global Market Intelligence: https://okt.to/uyQAE7

❗ **AUD/USD trades north towards 0.6700 ** *AUD/USD’s broad bias is bullish.* Prices have been consolidating since mid-May, ranging within a rectangle formation. An upward leg is in play. Both central banks, the RBA and the Fed, can be described as hawkish, but the former is more hawkish. Markets price no rate cuts this year from the RBA, but two rate cuts are on the table for the Fed. The recent CPI from Australia showed stubborn inflation. Investors eye the U.S. PCE data due tomorrow. I expect an upside price action to test the resistance zone of 0.6700-15. Any dips should be corrective and find buyers. Support is located at 0.6625.

What's Happening with Inflation? In June, the Consumer Price Index (CPI) dropped by 0.1% from the month before and went up by 3% over the past year. This is slower than in May, which had no change month-to-month and a 3.3% yearly increase. These numbers were better than what experts expected, who thought there would be a 0.1% monthly increase and a 3.1% yearly rise. This is the first time since May 2020 that the monthly CPI has decreased. It's also the slowest yearly increase in prices since March 2021. Even though inflation has been higher than the Federal Reserve's 2% target, recent data suggests that the central bank might think about lowering interest rates sooner. Want to know how these changes might affect you? Reach out to us for more information and advice! 📊💡 #InflationUpdate #EconomicTrends #FinancialEducation #MortgageAdvice #ConsumerPriceIndex #mortgagebroker #molitorfinancialgroup #themessmanlemanteam

What's Happening with Inflation? In June, the Consumer Price Index (CPI) dropped by 0.1% from the month before and went up by 3% over the past year. This is slower than in May, which had no change month-to-month and a 3.3% yearly increase. These numbers were better than what experts expected, who thought there would be a 0.1% monthly increase and a 3.1% yearly rise. This is the first time since May 2020 that the monthly CPI has decreased. It's also the slowest yearly increase in prices since March 2021. Even though inflation has been higher than the Federal Reserve's 2% target, recent data suggests that the central bank might think about lowering interest rates sooner. Want to know how these changes might affect you? Reach out to us for more information and advice! 📊💡 #InflationUpdate #EconomicTrends #FinancialEducation #MortgageAdvice #ConsumerPriceIndex #TeamSadler #CornerstoneMortgageGroup

❗ **AUD/USD trades north towards 0.6700 ** *AUD/USD’s broad bias is bullish.* Prices have been consolidating since mid-May, ranging within a rectangle formation. An upward leg is in play. Both central banks, the RBA and the Fed, can be described as hawkish, but the former is more hawkish. Markets price no rate cuts this year from the RBA, but two rate cuts are on the table for the Fed. The recent CPI from Australia showed stubborn inflation. Investors eye the U.S. PCE data due tomorrow. I expect an upside price action to test the resistance zone of 0.6700-15. Any dips should be corrective and find buyers. Support is located at 0.6625.

❗ **AUD/USD trades north towards 0.6700 ** *AUD/USD’s broad bias is bullish.* Prices have been consolidating since mid-May, ranging within a rectangle formation. An upward leg is in play. Both central banks, the RBA and the Fed, can be described as hawkish, but the former is more hawkish. Markets price no rate cuts this year from the RBA, but two rate cuts are on the table for the Fed. The recent CPI from Australia showed stubborn inflation. Investors eye the U.S. PCE data due tomorrow. I expect an upside price action to test the resistance zone of 0.6700-15. Any dips should be corrective and find buyers. Support is located at 0.6625.

SUMMARY OF FED CHAIR POWELL'S COMMENTS (5/14/24): 1. "Overall a good picture looking at US economic data" 2. Inflation was notable in Q1 for the lack of further progress 3. Housing inflation has been a bit of a puzzle for the Fed 4. Restrictive policy may take longer than expected to lower inflation 5. Unlikely the Fed's next move will be an interest rate hike 6. "Credibility is everything for central banks" Tomorrow's CPI inflation data is the next key point. Powell said that today's PPI data was actually quite mixed. It is likely that the Fed is waiting for CPI tomorrow before commenting on April's data. One rate cut this year is quickly becoming the base case. https://lnkd.in/dbgDYZ5r

What's Happening with Inflation? In June, the Consumer Price Index (CPI) dropped by 0.1% from the month before and went up by 3% over the past year. This is slower than in May, which had no change month-to-month and a 3.3% yearly increase. These numbers were better than what experts expected, who thought there would be a 0.1% monthly increase and a 3.1% yearly rise. This is the first time since May 2020 that the monthly CPI has decreased. It's also the slowest yearly increase in prices since March 2021. Even though inflation has been higher than the Federal Reserve's 2% target, recent data suggests that the central bank might think about lowering interest rates sooner. Want to know how these changes might affect you? Reach out to us for more information and advice! 📊💡 #InflationUpdate #EconomicTrends #FinancialEducation #MortgageAdvice #ConsumerPriceIndex #GiuseppeBattaglioli #MyDenverHomeLoanTeam #ZenithHomeLoans #OnTimeUnderBudgetNoSurprises