May’s Consumer Price Index contained one consistently frustrating piece of data for economists in an otherwise encouraging report: Housing inflation isn’t coming down yet. Wednesday’s data from the Bureau of Labor Statistics showed that shelter costs have risen 0.4% month over month in the past four CPI prints. Housing costs remained the largest contributor to […]
Tag: CPI
Stocks surged after CPI, with Fed looming
US stocks roared on Wednesday after a fresh reading on inflation showed consumer prices increased less than expected in May. The latest snapshot of inflation comes hours before a highly anticipated Federal Reserve meeting in the afternoon will provide the latest signal on the path of interest rates. The S&P 500 (^GSPC) built on a […]
How the stock market performs when a CPI report and a Fed decision happen the same day
How the stock market performed on CPI and Fed days in 2024. – Getty Images Wall Street is gearing up for a rare double feature of market-moving economic events on Wednesday, with the May consumer-price index due in the morning and the Federal Reserve’s policy announcement in the afternoon. CPI days and Fed decision days […]
Stock Market Today: Dow Jones Rallies On Cool CPI, Powell Next; GME Stock Slides
The Dow Jones Industrial Average rallied Wednesday as Wall Street digested cooler-than-expected CPI inflation data. Up next, the Federal Reserve’s policy decision and Fed Chairman Jerome Powell’s comments loom. And GameStop (GME) stock dropped on the stock market today after the company announced it had raised more than $2.1 billion in its equity offering. X […]
Stocks pop after CPI, with Fed looming
US stocks popped on Wednesday after a fresh reading on inflation showed consumer prices increased less than expected in May. The latest snapshot of inflation comes hours before a highly anticipated Federal Reserve meeting in the afternoon will provide the latest signal on the path of interest rates. The S&P 500 (^GSPC) built on a […]
Flat US May CPI boosts confidence that Fed is reining in inflation
(Reuters) -The U.S. Consumer Price Index was unexpectedly unchanged in May amid cheaper gasoline, but inflation likely remains too high for the Federal Reserve, which concludes it regular policy meeting later on Wednesday, to start cutting interest rates before September. The flat reading reported by the Labor Department on Wednesday followed a 0.3% increase in […]
CPI Inflation Cools Ahead Of Key Fed Meeting; S&P 500 Futures Jump On Tame Service Prices
Consumer price index data for May showed that core inflation cooled more than expected last month. S&P 500 futures moved higher in Wednesday stock market action after the CPI inflation data, as markets turned their focus to the rate-cut outlook that the Federal Reserve will update at 2 p.m. ET.
US futures pop after CPI, with Fed looming
US stock futures rose on Wednesday after a fresh reading on inflation showed consumer prices increased less than expected in May. The latest snapshot of inflation comes hours before a highly anticipated Federal Reserve meeting in the afternoon will provide the latest signal on the path of interest rates. S&P 500 futures (ES=F) built on […]
US futures tiptoe higher ahead of CPI, Fed double whammy
US stock futures trudged higher Wednesday before a significant day for the US economy that will provide the latest snapshot of the state of inflation and the latest signal on the path of interest rates. S&P 500 futures (ES=F) built on its 27th record close of the year, rising 0.1%. Futures on the tech-heavy Nasdaq […]
S&P 500 closes at a record high as investors await the latest Fed decision, May CPI
Michael Nagle/Getty The S&P 500 and Nasdaq notched new highs Tuesday as investors geared up for the Fed’s policy decision. Markets are also awaiting Wednesday’s CPI data. Shares of Apple soared as much as 7% as Wall Street cheered its WWDC event. US stocks were mostly higher Tuesday, with the S&P 500 and Nasdaq hitting […]
Asian Stocks Slide as US CPI, Fed Fuel Caution: Markets Wrap
(Bloomberg) — Asian stocks declined, shrugging off Wall Street’s gains, as the double-whammy of an upcoming US inflation report and the Federal Reserve decision kept traders on edge. Most Read from Bloomberg Hong Kong’s equity benchmark fell more than 1%, with auto shares leading the decline ahead of Europe’s tariff decision. Shares also dropped in […]
Bitcoin Pullback to $66K Triggers $250M in Crypto Liquidations as Traders Brace for ‘Wild Wednesday’ of FOMC, CPI Report
Cryptocurrencies tumbled deeper into correction on Tuesday with bitcoin {{BTC}} dipping to near $66,000 as traders brace for Wednesday’s key U.S. inflation report and Federal Reserve meeting. Bitcoin {{BTC}} started the day trading near $70,000 before hitting a three-week low price at $66,170 during the U.S. session. It slightly rebounded to near $66,500, but was […]