Inflation Rate

A hotter-than-expected September Consumer Price Index inflation report, combined with a surprising spike in weekly jobless claims, weighed on major stock indices in early New York trading Thursday, while sparking diverging performances among sectors. Technology and consumer discretionary stocks led...

Market expectations for the Federal Reserve's next interest rate move could gain more clarity as early as this Friday, when a U.S. government agency releases a key inflation metric closely monitored by policymakers. The Personal Consumption Expenditure (PCE) price index report, scheduled for...

Goldman Sachs has reiterated its forecast for two interest rate cuts in 2024, commencing in September, following the Federal Open Market Committee’s (FOMC) June meeting. Despite the Federal Reserve’s June dot plot presenting “a hawkish surprise” with a median projection of...

May’s inflation report was cooler than economists had predicted, boosting confidence in the Federal Reserve’s ability to steer the annual price index variation back toward its 2% target. The headline inflation rate decelerated to 3.3% year-over-year in May 2024, down from the previous...

For the first time since June 2020, the Consumer Price Index (CPI) report will be released on the same day as the Federal Open Market Committee (FOMC) meeting. This sets up a potentially volatile Wednesday for financial markets. Following three consecutive months of higher-than-expected inflation...

During a discussion with Dutch Central Bank President Klaas Knot in Amsterdam, Fed Chair Jerome Powell reinforced his stance that U.S. monetary policy will likely maintain its current rate for a more extended period than previously anticipated, aiming to further reduce inflation towards the Fed...

The latest Survey of Consumer Expectations (SCE) from the Federal Reserve Bank of New York shows American consumers are bracing for increased inflation and the fastest home price growth in nearly two years, alongside an evolving outlook on the labor market and taxes. Key Findings From New York Fed...

Wall Street kicked off a data-heavy week on a mixed note as traders await key inflation updates and remarks from Fed Chair Jerome Powell in the coming days. The S&P 500 remained stable, hovering around Friday’s closing levels and not far from record highs. The Nasdaq 100 rose 0.2%, poised...

Following three consecutive releases of inflation rates surpassing expectations, traders are anxiously awaiting the April Consumer Price Index (CPI) report, set to be released by the Bureau of Labor Statistics this Wednesday. Analysts foresee a drop in both the overall Consumer Price Index (CPI)...

Disinflationary forecasts have fallen out of favor recently, especially following three consecutive months of unexpected inflation increases. Yet, Goldman Sachs economist Jessica Rindels has made a bold call, predicting a downturn in the core Personal Consumption Expenditure (PCE) Inflation – the...

Fed Chair Jerome Powell stated Tuesday that progress towards the 2% inflation target has recently stalled, prompting the Federal Reserve to prefer holding rates and delaying policy easing to a more appropriate time in the future. Powell acknowledged that the U.S. economy has been notably robust...

Volatility stormed back into the markets, shaking things up in a week where inflation defiantly outstripped estimates for the third straight month in March, leading investors to substantially slash their expectations for Federal Reserve interest rate cuts. Geopolitical tensions in the Middle East...

American producers experienced a surge in price pressures last month, yet the increase was slightly below economist expectations, calming market concerns that spiked after a higher-than-anticipated consumer price inflation report on Wednesday. The Producer Price Index (PPI) climbed from 1.6% in...

Minutes from the latest Federal Open Market Committee (FOMC) meeting in March underscore escalating uncertainties regarding the future of inflation among various Fed members, intensifying concerns about interest rates on a day marked by another unforeseen uptick in the consumer price index. March...

A fresh unexpected surge in inflation blindsided markets, shattering hopes for imminent Fed rate cuts and sending stocks down across the board. In March 2024, the annual Consumer Price Index (CPI) inflation rate surged to 3.5%, up from February’s 3.2%, surpassing expectations set at 3.4%....