EUR/USD
1.03357
0.271%
Gold
2690.32
0.480%
Oil
77.130
0.248%
USD/JPY
156.424
-0.989%
GBP/USD
1.22814
0.538%
GBP/JPY
192.116
-0.417%
Real-time News
Britains 30-year government bond yield fell nearly 13 basis points to 5.327%, on track for its biggest one-day drop since December 2023.On January 15, U.S. Treasury yields and the dollar fell as the U.S. core CPI annual rate fell in December. The core CPI annual rate was 3.2%, while economists surveyed expected a repeat of the 3.3% growth rate in November. This result may ease concerns that the Federal Reserve may need to be more hawkish than the signal sent in December. U.S. Treasury yields have been on a downward trend and deepened their decline after the data was released. The 10-year yield was 4.692% and the two-year yield was 4.281%.Interest rate futures traders are betting on a June rate cut by the Fed and see about a 50-50 chance of a second cut by the end of 2025.UK two-year government bond yields fell to their lowest level since January 7.On January 15, the U.S. CPI rose slightly more than expected in December due to rising costs for energy products, indicating that inflation is still rising, which is consistent with the Feds expectations of a smaller rate cut this year. The overall U.S. CPI rose 0.4% month-on-month in December and 2.9% year-on-year; the core CPI rose 0.3% month-on-month for four consecutive months and 3.2% year-on-year. Efforts to bring inflation back to the Feds 2% target encountered obstacles in the second half of last year. A strong economy, threats of broad tariffs on imported goods, and large-scale deportations of undocumented immigrants have also prompted the Fed to expect smaller rate cuts this year. In addition, Trump has also promised tax cuts, which will stimulate the economy; consumers inflation expectations soared in January, and households are worried that tariffs will increase commodity prices. The Fed is not expected to cut interest rates in January.
