2027 Social Security cost-of-living adjustment expected to be 3.6% based on CPI data
COLA Implications for Social Security in 2027 Social Security recipients are likely to receive a larger cost-of-living adjustment (COLA) in 2027 compared to this year, based on recent inflation estimates stemming from August figures. The COLA is determined annually, using the consumer price index (CPI) data for July, August, and September—specifically a variant called CPI-W. […]
August CPI inflation: Growth in consumer prices stayed high
Inflation Trends and Federal Reserve Considerations Inflation levels continued to stay high in August, with consumer prices reflecting persistent growth, as the Federal Reserve deliberates on a potential interest rate increase in the coming month. The Bureau of Labor Statistics (BLS) reported on Wednesday that the consumer price index (CPI)—a broad indicator of the cost […]
CPI report, Oracle earnings, Trump’s financial commitments and more in Morning Squawk
Good morning. President Donald Trump shared his thoughts on the artificial intelligence debate yesterday, responding to alarming warnings from researchers regarding the technology’s potential dangers. Here’s a summary of his statements. Stock futures are looking up this morning, following a drop in all three major averages during Thursday’s session. Here are five essential updates for […]
Japanese Yen rises as Tokyo core CPI inflation increases likelihood of BoJ rate hike
The USD/JPY exchange rate has slipped to about 159.30 during the early hours of the Asian market on Friday. This movement comes as the Japanese Yen (JPY) gains ground against the US Dollar (USD), bolstered by fresh inflation data from Tokyo’s Consumer Price Index (CPI) that strengthens speculation about a possible rate hike from the […]
Japanese Yen reduces its gains against US Dollar as markets assess US CPI
The Japanese yen lost some of its earlier gains against the US dollar on Wednesday, following US CPI data that was in line with expectations and didn’t lead to any significant market shifts. Currently, the USD/JPY pair is around 159.20, having dropped to an intraday low of 158.58. The composite consumer price index (CPI) increased […]
Euro exchanges cautiously with US Dollar ahead of US CPI data
As European markets opened on Wednesday, the euro (EUR) was slightly down against the US dollar (USD), hovering around 1.1534. Major currency pairs also showed minor declines as investors appeared more cautious ahead of the US Consumer Price Index (CPI) data for July, due to be released at 12:30 pm Japan time. At that moment, […]
AUD/USD Remains Steady as CPI and Fed Decision Approach
The AUD/USD Range Hides a More Complex Background The AUD/USD pair is sticking to a tight range, but there’s more going on beneath the surface than the calm chart suggests. With Australian inflation data and the Federal Reserve’s upcoming interest rate decision on the horizon, traders are left wondering if the recent stability will hold […]
Japanese Yen remains steady close to multi-decade low following CPI inflation figures.
Market Update on USD/JPY and Japanese Economic Indicators During early trading on Friday in Asia, the USD/JPY exchange rate remained steady around 163.90. However, the Japanese yen is currently near its lowest points against the US dollar in decades. Traders are awaiting the preliminary data for the US S&P Global Purchasing Managers’ Index (PMI), set […]
Euro strengthens against British Pound as UK’s June CPI inflation drops more than anticipated.
In the early hours of trading in Europe on Wednesday, the EUR/GBP exchange rate picked up pace, reaching about 0.8525. The British pound weakened against the euro following the release of the UK’s inflation report, and attention is now turned to the European Central Bank’s (ECB) upcoming interest rate announcement scheduled for Thursday. According to […]
New Zealand Dollar climbs above 0.5850 as stronger CPI data supports the argument for additional RBNZ rate increases.
The NZD/USD currency pair saw some buying interest during the early hours of Asian trading on Tuesday, climbing to about 0.5865. This slight increase in the New Zealand dollar (NZD) against the US dollar (USD) followed the release of encouraging inflation figures from New Zealand. Traders are also looking ahead to the upcoming U.S. ADP […]