US inflation unchanged as markets digest economic data
US inflation held steady while global markets reacted to mixed economic signals including a higher US budget deficit.
US inflation figures came in unchanged, easing pressure on the Federal Reserve. The US budget deficit widened significantly. Global economic indicators showed strength in some areas, with Canadian building permits and Japanese machine tool orders performing well. Currency and commodity markets reflected the data, with the US dollar and gold moving in response.
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Breakfast briefing: US inflation little-changed, taking pressure off the Fed
US inflation high but unchanged; US budget deficit leaps; Canadian building permits strong; Japanese machine tool orders strong with sentiment; UST 10yr at 4.68%; gold up; oil prices hold; NZ$1 = 58.6 USc; TWI-5 = 62.2