US Trade Representative Jamieson Greer denied that President Trump's tariffs have increased prices for American families, despite senators Elizabeth Warren and Raphael Warnock presenting data and arguments linking tariffs to higher inflation and cost-of-living concerns.
Gold prices may see limited upside due to persistent high US inflation, according to Manav Modi, Senior Analyst at Motilal Oswal. While a weaker dollar and softer labor data initially boosted gold, inflation above the Fed's 2% target prompts caution on rate cuts.
Bitcoin (BTC) dropped to new 21-month lows at $58,035 following high US Personal Consumption Expenditures (PCE) inflation data, which also unsettled stock markets. The price decline triggered over $600 million in crypto liquidations, with analysts suggesting further downside towards $55,000.
US inflation, measured by the Federal Reserve's preferred PCE index, rose to a three-year high of 4.1% in May, fueled by rising gas prices and demand for semiconductors. This surge, coupled with increased consumer spending and incomes, could complicate political prospects for Donald Trump and his party ahead of midterm elections, as the Federal Reserve considers interest rate hikes.
US inflation hit over 4.0% in May, the highest in three years, due to Middle East conflict-driven energy prices. This may prompt the Federal Reserve to raise interest rates, despite strong consumer spending fueled by tax refunds and a stock market rally.
Bitcoin (BTC) dropped to $58,035, its lowest point since September 2024, following a surge in US PCE inflation to 4.1%. The news caused significant volatility in stock markets, with the Nasdaq 100 falling 2% in 30 minutes, and triggered over $600 million in crypto liquidations within an hour.
The US Federal Reserve decided to maintain interest rates at 3.5-3.75% due to persistent inflation, driven by energy prices and Middle East conflict. Despite expectations, future rate hikes are possible by late 2027.
US consumer prices surged in May, driving the annual inflation rate to a three-year peak. This has led to revised forecasts for the 2027 Social Security cost-of-living adjustment (COLA), with one analyst predicting a 4.7% increase, potentially higher due to rising gasoline prices. Many seniors worry about inflation outpacing their income and find current Social Security payments insufficient.
US inflation remains high at 4.2% in May, driven by energy prices due to geopolitical tensions. Prediction markets show a 79% chance of no Fed rate cuts in 2026, impacting cryptocurrencies which historically perform better with accommodative monetary policy.
US inflation accelerated to a three-year high in May, driven by soaring energy and food prices linked to the US-Israeli war on Iran. Consumer prices rose 4.2% year-on-year, with energy costs accounting for over 60% of the monthly increase.
South Korean stocks closed higher Thursday, reversing earlier losses. The KOSPI rose 0.43% driven by retail investors and strong semiconductor export data, while the KOSDAQ surged 4.76%. US inflation data also eased market concerns.
The ECB is expected to raise rates by 25 basis points due to rising inflation. US inflation also surged, while tensions in the Middle East escalated. Frasers Group launched a €2 billion bid for Hugo Boss, and the 2026 World Cup is predicted to be the largest betting event ever.
US inflation reached a three-year high of 4.2% in May, dampening hopes for Fed rate cuts and pressuring Bitcoin and gold. Analysts predict continued headwinds for risk assets, with potential for further price drops.
The US dollar saw fluctuations on Thursday as new US strikes in the Middle East dampened risk sentiment. US consumer inflation hit a three-year high in May, fueling concerns about the Federal Reserve's monetary policy. Oil prices surged, with Brent crude exceeding $95.40 a barrel, and Iran announced the closure of the Strait of Hormuz.
Asian stock markets declined on Thursday due to a strong US inflation report and renewed US attacks on Iran. The MSCI index for Asia-Pacific stocks outside Japan fell 0.9%, with South Korea's Kospi down 3% and Japan's Nikkei down 1.3%. Geopolitical tensions in the Middle East and a sell-off in tech stocks contributed to the downturn.
Asian stock markets declined on Thursday due to a strong US inflation increase and renewed US attacks on Iran. The MSCI index for Asia-Pacific stocks outside Japan fell 0.9%, with South Korea's Kospi leading the downturn.
US consumer prices rose 4.2% in May, a 3-year high, fueled by the Iran conflict and rising oil prices. Markets reacted negatively, with the Dow dropping over 900 points. SpaceX's IPO launch adds to market jitters.
美國5月消費者通膨攀升至3年新高，年增4.2%，核心CPI年增2.9%。汽油價格飆漲是主因，此數據恐對川普政府構成政治挑戰，並影響聯準會利率決策。
US consumer inflation surged 0.5% in May, reaching its fastest pace in three years, driven by soaring oil prices and higher energy costs. This puts pressure on the Federal Reserve ahead of its policy meeting.
US inflation rose 0.5% in May, reaching an annual rate of 4.2% due to soaring energy costs. Core inflation, excluding food and energy, showed slower growth, but concerns remain about the impact of ongoing geopolitical tensions.
US consumer prices rose 4.2% in May, matching expectations and up from 3.8% in April. The core inflation rate, excluding energy and food, increased by 2.9% year-on-year. This marks the highest inflation rate since early 2023, attributed partly to price surges linked to the conflict in Iran.
Bitcoin surged past $62,000 following a US inflation report that met expectations, providing relief to traders concerned about potential interest rate hikes. The cryptocurrency had been under pressure, but the CPI data allowed for a rebound, shifting focus to whether the bounce will sustain.
Donald Trump stated he "loves the inflation" as it hit a 3-year high of 4.2% in May, driven by energy prices. He linked this to US actions against Iran, despite concerns from the Federal Reserve and financial institutions about potential rate hikes.
European stock markets mostly closed lower today, impacted by renewed military conflict in the Middle East and rising US inflation leading to a sell-off in tech stocks, which eroded market confidence.
