Fed’s preferred inflation gauge hit lowest level in 3 years in December
The Fed's preferred measure of inflation rose just 0.2% from November to December, its lowest level in nearly three years. The latest data on the Personal Consumption Expenditure Price Index (also known as “core inflation,” which subtracts food and energy costs) is likely to whet the appetite of Wall Street investors hoping for a Fed […]
Fed’s favorite inflation gauge rose 0.2% in December
Phil Orlando, chief stock market strategist at Federated Hermes, shares his expectations for the path of inflation this year. What is attracting attention as a countermeasure against inflation is federal reserve It rose in December after falling the previous month as high prices continued to weigh on millions of Americans. According to the Department of […]
New Home Sales Surged 8% in December
U.S. new home sales were much stronger than expected as lower interest rates attracted buyers, according to data released Thursday by the Commerce Department. New home sales in December increased by 8% to an annual rate of 664,000 from the previous month's revised figure of 615,000. Total sales for the past three months have been […]
Housing starts fall in December despite sharp drop in mortgage rates
Mitch Roschelle, founding partner of Macro Trends Advisors, has joined Varney & Co. This is to discuss the housing market under the Biden administration as monthly mortgage payments continue to rise. Despite a sharp decline in mortgage rates, construction of new homes in the United States fell for the first time in four months in […]
Colts Owner Jim Irsay Found Unresponsive at Home in December
TMZ Sports reports that police records show that officers found Colts owner Jim Irsay unresponsive in his bed after responding to an emergency call in December. It is said to be recorded. TMZ Sports report Carmel police records show officers were dispatched to the longtime NFL owner's home on Dec. 8. Upon arrival, officers found […]
Retail sales rise faster than expected in December
National Retail Federation CEO Matt Shea analyzes consumer spending and the retail industry as shoppers hit stores across the country for Black Friday. Americans picked up spending in December during the crucial holiday season, even though they still faced high interest rates and soaring prices for everyday goods. retail salesThe Commerce Department said Wednesday that […]
UK CPI Preview: Inflation expected to fall for third consecutive month in December – FXStreet
share: The high-impact UK CPI data will be published by the Office for National Statistics on Wednesday. UK headline and core annual inflation are expected to fall, but monthly CPI is expected to recover. The UK CPI report will have a major impact on the BoE's policy outlook, which could have an impact […]
Canada inflation expected to rise to 3.3% in December – FXStreet
share: Canada's consumer price index is expected to rise 3.3% year-on-year in December. The BoC has released its Business Outlook Survey (BOS). The Canadian dollar is at a four-week low against the US dollar. Canada is scheduled to release important inflation-related data on Tuesday. Statistics Canada will release the consumer price index (CPI) […]
Wholesale inflation cools more than expected in December
Mark Smith, SVP of Wells Fargo Advisors, and Phil Brancato, chief market strategist at Ozaik, analyze December's inflation data and discuss how investors should act in the bond market when it comes to “making money.” Discuss Kika. Wholesale-level inflation slowed more than expected in December, providing evidence that price pressures within the U.S. economy continue […]
Inflation increased to 3.4% in December – Here’s what that means for mortgage rates
Food prices rose in December, contributing to higher overall inflation. (iStock) The paper said consumer prices rose more than expected in December due to the continued rise in shelter prices. consumer price index (CPI) Published by the Bureau of Labor Statistics (BLS). On an annualized basis, prices rose 3.4% in December, up from 3.1% the […]