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Tag: inflation

May inflation breakdown: Where are prices rising the fastest?

Jack Otter and Barron’s Roundtable senior writer Nicholas Jasinski discuss why interest rate cuts are unlikely in 2024. Inflation’s grip on the U.S. economy eased in May, but soaring rent costs kept prices painfully high for millions of Americans. The Department of Labour said on Wednesday that the Consumer Price Index, a broad gauge of […]

Inflation Cools More Than Expected, Providing Relief for Consumers and the Fed

The US received good inflation news on Wednesday, which could pave the way for interest rate cuts this year. According to the Labor Department, the consumer price index rose 3.3% year-on-year in May, down from 3.4% in April. report. The “core” index, which strips out volatile food and energy prices and gives a clearer picture […]

Prices stayed flat in May as inflation hit plateau

Data released Wednesday by the Labor Department showed consumer prices did not rise overall in May, with the annual inflation rate lower than expected. The Consumer Price Index (CPI), a common measure of inflation, was unchanged over the past month and up 3.3% over the past year. Consensus forecasts had expected the CPI to have […]

Inflation ticks slightly downward in May as CPI rose 3.3%

Inflation rose 3.3% last month from a year earlier, slightly lower than the 3.4% that analysts had expected. The consumer price index fell slightly from 3.4% in April. Core inflation, which excludes volatile food and energy prices, rose 0.2%, slightly less than expected. Dow futures surged before the open of Wall Street trading on Wednesday […]

Inflation rises 3.3% in May, less than expected

Jack Otter and Barron’s Roundtable senior writer Nicholas Jasinski discuss why interest rate cuts are unlikely in 2024. Inflation slowed more than expected in May Federal Reserve Prices remained uncomfortably high for millions of Americans. The Department of Labour said on Wednesday that the Consumer Price Index, a broad gauge of the cost of everyday […]

US economy faces Fed decision and inflation double header this week

Christopher Zook, chief investment officer at CAZ Investments, weighed in on the Fed’s response to the economy, the Japanese yen and tech earnings as interest rate cut expectations plummet. Wall Street is bracing for a rare doubleheader on Wednesday, with the latest inflation data due to be released in the morning and Federal Reserve It […]

Currency market steadies ahead of US inflation test, Fed decision – Yahoo Finance

Bridget Riley TOKYO (Reuters) – The dollar was steady on Wednesday after hitting a four-week high against other currencies overnight as market participants awaited a key U.S. inflation gauge and the Federal Reserve’s latest interest rate outlook due later in the day. The US dollar rebounded after a better-than-expected jobs report on Friday raised prospects […]

Records for gold, coffee, copper, cocoa: What commodity prices say about inflation

A recent string of record-high prices in commodities as different as coffee and copper may be traced back to the same underlying cause: a U.S. economy that is running hot.  The rising prices of commodities might even be a sign that the Federal Reserve is not succeeding in its efforts to drive down inflation, economists […]