US futures dip as Fed nominee sparks rate cut bets; BTC sinks below $80k, silver & gold volatile. AI trade jitters persist.
Xcel & CORE Electric customers hit by widespread outages. DIA trains halted, 180K+ impacted. Risk to infrastructure looms.
Australia’s Melbourne Institute Inflation Gauge rose 0.2% m/m in January (prev 1.0%), while the annual pace edged up to 3.6% y/y. The reading keeps inflation worries alive as markets debate an RBA pause or hike.
PBOC is expected to set the USD/CNY reference rate at 6.9710 – Reuters estimate
Vegas buffets jump from $1 to $175! Inflation's hitting hard, impacting consumer spending and discretionary budgets.
The Bank of Japan’s January Summary of Opinions showed moderate economic recovery and ongoing inflation pressures, with policymakers signalling that gradual rate increases would be appropriate if current forecasts are realised.
Gold plunges 4% on Fed nominee news; silver drops 12%. Dollar gains, precious metals face correction beyond expectations.
Must Read