What this means for further cuts in 2025, however, especially with new economic policy initiatives from a second President Trump term, is very much in question.
The Consumer Price Index numbers came out as expected in the early hours of the US Wednesday session, and as a result, it looks as though the gold market could very well continue the overall longer term uptrend that we have been in previously.
October's Consumer Price Index data matched expectations. Jenny Horne dives into the contributing factors within the report including energy, shelter and food costs.
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
US stocks rally on election clarity and rate cuts; upcoming CPI data and Fed outlook could shape the S&P 500 and Dow's path. Get insights now.
Next week's CPI and PPI data will be pivotal for gold prices. Learn how inflation expectations and Fed policy could spark the next move for XAU/USD.
CNBC's Jim Cramer noted what to look out for next week on Wall Street, highlighting earnings from Home Depot, Disney and new consumer price index data. Shopify, Spotify, Tyson Foods, Cisco and Alibaba will also report next week.
CPI Card just surprised investors with some good news about its free cash flow.
U.S. CPI increased 2.4% year-over-year in September, higher than expected, indicating persistent inflation risks. The DIA ETF, based on the Dow Jones Industrial Average, offers lower valuation risks, higher dividend yields, and better downside protection compared to SPY and QQQ. Despite a concentrated portfolio of only 30 stocks, DIA provides global exposure, lower volatility, and lower turnover rates, making it a sound choice amid uncertainties.
This month's main inflation report is out this morning, with results a bit warmer than analysts were expecting. This has helped pre-market futures sink a little deeper into the red after a relatively strong session yesterday.
September's CPI numbers have all come in higher than consensus estimates.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.