United States Monthly Budget Statement below expectations ($-197.5B) in March: Actual ($-236B)

Apr 10, 2024

AUD/USD plummets to the 0.6500 support area after the US CPI release

Strong US CPI figures have sent the Aussie tumbling. US CPI accelerated 0.4% in March against expectations of a 0.3% reading.

Breaking: FOMC Minutes show concerns over inflation persist

During the FOMC Minutes, participants expressed general uncertainty about the persistence of elevated inflation and indicated that recent data did not increase their confidence in inflation trending sustainably towards the 2% target.