UDN News and Press, Invesco DB USD Index Bearish From 07/12/24

2024-07-12 04:50:00 ET Summary The evidence supporting multiple Fed rate cuts is now solid. Owners' equivalent rent makes up about one-third of the CPI index and this has been adding significantly to the rise in the CPI index until this month. Treasury yields tend to track inf...

2024-07-12 04:12:00 ET Summary US CPI has settled down to rate-cut territory. First May, now June. Ahead July, and if that’s in the same vein, Treasuries can continue to anticipate cuts from the Fed. The ECB will unlikely commit to a September cut next week, but will al...

2024-07-12 00:15:00 ET Summary Inflation cooled for a third straight month in June, dropping to its lowest level in a year. According to the Bureau of Labor Statistics, the headline figure for the Consumer Price Index fell to 3.0% year-over-year, while core CPI cooled to 3.3%. ...

2024-07-11 22:55:00 ET Summary The June CPI reading puts the Federal Reserve (Fed) on the path for a September rate cut. June’s number shows a broad weakening in price pressures and is a convincing and consistent sign that inflation has resumed its downward path. Headli...

2024-07-11 13:36:00 ET Summary Companies will be updating their annual revenue and earnings guidance, providing tangible outlooks for the U.S. and global economies. The FOMC’s outlook for inflation has become more uncertain, despite the need for more certainty about inflati...

2024-07-11 13:20:00 ET Summary In June 2024, the AIER Everyday Price Index declined 0.17 percent to 290.4. The largest monthly price increases among EPI constituents occurred in tobacco and smoking products, recreational reading materials, and housing fuels and utilities. The ...

2024-07-11 11:59:00 ET Summary US CPI came in below expectations, which should increase the Fed’s confidence that inflation is on the path to sustainably reaching the 2% target. We are finally seeing housing inflation slow, with shelter coming in at 0.2% MoM rather than the...

2024-07-11 06:50:00 ET Summary The focus today is on the US CPI report - Another soft reading is expected, and it may strengthen ideas of a Fed cut in September, which ostensibly give it time to cut again before the end of the year. The dollar is trading with a softer bias against...

2024-07-10 15:15:00 ET Summary Interest rates move markets worth trillions of dollars, influence politics, impact the value of currencies, and even affect our grocery bills. Despite the challenges associated with relying on different models to derive r*, there has been a clear tre...

2024-07-10 12:20:00 ET Summary The UST yield curve has been inverted, but there is speculation about when it will “un”invert and move out of negative territory. Short-term and long-term rates do not always move in the same direction, and the magnitude of their moveme...