Inflation eased in April as declines in grocery and used car prices offset another rise in rent and gasoline. After inflation picked up notably early this year, the report revealed more progress in the battle to tame prices, with an underlying inflation measure reaching a three-year low. Still, it may not be enough to convince […]
On Wednesday, investors will digest one of the most important data points the Federal Reserve will consider in its next interest rate decision: April’s Consumer Price Index (CPI). The inflation report, set for release at 8:30 a.m. ET, is expected to show headline inflation of 3.4%, a slight deceleration from March’s 3.5% annual gain in […]
Producer price index data out Tuesday showed that inflation ran hotter in April, but downward revisions to earlier data assuaged concerns. Meanwhile, health care prices, the biggest input to the Federal Reserve’s primary core inflation rate, moderated a bit. After the PPI data, S&P 500 futures were little changed ahead of Wednesday’s key consumer price […]
By Sarupya Ganguly BENGALURU (Reuters) – Bond strategists upgraded their U.S. Treasury yield forecasts for coming months to their highest since at least November amid sticky inflation and greater conviction in financial markets of fewer Federal Reserve rate cuts this year, a Reuters poll found. After hitting a cycle peak of 5.02% in October 2023, […]
(Reuters) – U.S. stock index futures were little changed on Tuesday as investors waited for producer prices data for cues on inflation in the world’s largest economy and ahead of Federal Reserve Chair Jerome Powell speech later in the day. Producer price index (PPI) for final demand is expected to have edged up 0.3% last […]
Traders work on the floor of the New York Stock Exchange August 13, 2015.REUTERS/Brendan McDermid The S&P 500 could fall around 500 points in a swift correction, Stifel strategists warned. The investment firm said falling inflation was a “pipe dream,” and Fed rate cuts could be delayed. Markets see just one or two rate cuts […]
US Consumers Brace For Higher Inflation, Home Price Surge: New York Fed Survey 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 […]
(Reuters) – Corporate price gouging has not been a primary driver of U.S. inflation, according to research published on Monday by economists at the Federal Reserve Bank of San Francisco. While markups for motor vehicles and petroleum products did rise sharply during the 2021-2022 inflation surge, markups across the entire spectrum of U.S. goods and […]
US Fed vice chair Philip Jefferson said it was ‘appropriate’ to keep rates on hold for now (Drew Angerer) The US central bank should keep interest rates at their current “restrictive” levels until it sees real progress in the fight to lower inflation, a senior Fed official said Monday. The US Federal Reserve has hiked […]
WASHINGTON (AP) — The sharp interest rate hikes of the past two years will likely take longer than previously expected to bring down inflation, several Federal Reserve officials have said in recent comments, suggesting there may be few, if any, rate cuts this year. A major concern expressed by both Fed policymakers and some economists […]
Jay Powell’s colleagues spent the last week backing a stance the central bank chair hammered home at his last press conference: Interest rates will be staying higher for longer. In a series of speeches and interviews, various Fed officials reinforced they will be taking a careful, measured approach to monetary policy as they digest hotter-than-expected […]
By Ann Saphir and Howard Schneider NEW ORLEANS (Reuters) -Debate over whether U.S. interest rates are high enough deepened among Federal Reserve officials this week, and may be stoked further after a key survey showed a jump in consumers’ inflation expectations. “There are … important upside risks to inflation that are on my mind, and […]