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Tag: inflation

‘Super Core’ Inflation Soared In January, Worst In Nearly Two Years

A key inflation measure rose last month at the fastest pace since March 2022. The personal consumption expenditure price index for services excluding housing and energy services (often referred to as “supercore” inflation) rose 0.6% in January. This inflation gauge rose this much in March 2022, December 2021, and March 2021. It is historically unusual […]

Core Inflation Measure Shows Prices Rising At Fastest Pace In A Year

The pace of price increases facing U.S. households accelerated in January, the fastest in a year, casting doubt on the idea that high inflation is receding. The personal consumption expenditure price index, known as the PCE price index, rose 0.3% in January. Compared to 12 months ago, the index is up 2.4%, lower than the […]

Inflation, incomes rose in January as Fed weighs rate cuts

Inflation and personal incomes rose in January, according to federal data released Thursday, another sign of economic strength that could delay a long-anticipated interest rate cut. The personal consumption expenditure (PCE) price index, the Federal Reserve’s preferred measure of inflation, rose 0.3% in January and has risen 2.4% over the past 12 months. Despite the […]

Fed’s favorite inflation gauge rose 0.3% in January

FOX Business’ Kelly O’Grady provides analysis of U.S. inflation data as the Federal Reserve continues to work towards an economic recovery on track. What is attracting attention as a countermeasure against inflation is federal reserve It rose again in January as high prices continued to weigh on millions of Americans. According to the Department of […]

Stock futures are little changed Tuesday night as investors await fresh inflation data: Live updates – CNBC

34 minutes ago Richard Bernstein says investors should focus on emerging markets and small-cap stocks beyond the ‘Magnificent 7’ stocks Investors should look beyond the Magnificent 7 stocks to alternative investments, including small-cap stocks and emerging markets, said Richard Bernstein, principal at Richard Bernstein Advisors. “There’s no sound wealth-building strategy where you put all your […]

Goldman Sachs CEO David Solomon throws cold water on inflation ‘soft landing’

Goldman Sachs CEO David Solomon poured cold water on hopes that the Federal Reserve could achieve a “soft landing” in its fight to curb inflation. “The world is poised for a soft landing,” Solomon said at a bankers conference in Miami on Tuesday, as inflation remains stubbornly above the Fed’s 2% target rate. “The level […]

Dollar slips vs yen after Japan inflation data, US durable goods – Yahoo Finance

caroline valetkevich NEW YORK (Reuters) – The dollar weakened on Tuesday after data showed U.S. durable goods orders rose above expectations in January, while Japan’s core consumer inflation beat expectations. The yen fell. Data out of Japan the next day sustained some hopes that the Bank of Japan would end negative interest rates by April. […]