Tag Archives: CPI

A hotter-than-expected February inflation print was largely driven by two components: shelter and gas. The shelter index rose 5.7% on an unadjusted annual basis and 0.4% month over month, a deceleration from January’s 6% annual increase and 0.6% monthly rise. Sticky shelter inflation is largely to blame for higher core inflation readings, according to economists. The index for rent and owners’ equivalent rent (OER) rose 0.5% and 0.4% on a monthly basis, respectively. Owners’ equivalent rent is… Source link

(Bloomberg) — Wall Street got a reality check on Tuesday, with hotter-than-estimated inflation data triggering a slide in both stocks and bonds. Most Read from Bloomberg Equities pushed away from their all-time highs as the consumer price index topped estimates across the board. Treasuries sold off, with two-year yields hitting the highest since before the Fed’s December “pivot.” Swap traders ratcheted down their expectations for a central bank cut before July. The stock market’s… Source link

Yahoo Finance Live anchors Josh Lipton and Julie Hyman preview the top headlines and data investors should pay attention to for Tuesday, February 13, including earnings out from companies like Coca-Cola (KO) and Airbnb (ABNB), as well as January’s Consumer Price Index (CPI) print. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor’s note: This article was written by Luke Carberry Mogan. Source link

[unable to retrieve full-text content]Inflation: February CPI expected to show slowest annual rise since September 2021  Yahoo Finance Source link

U.S. stocks ascended Wednesday as Wall Street counted down to a crucial inflation reading and big bank earnings later this week. The S&P 500 (^GSPC) rose 0.9%, while the Dow Jones Industrial Average (^DJI) added nearly 200 points, or 0.6%. The technology-heavy Nasdaq Composite (^IXIC) advanced 1.2%. U.S. Treasury yields pared their move higher from the previous session, with the benchmark 10-year note falling below 3.6%. The U.S. dollar index also retreated. Wells Fargo (WFC) was among… Source link

U.S. stocks ascended at Wednesday’s open as Wall Street counted down to a crucial inflation reading and big bank earnings later this week. The S&P 500 (^GSPC) rose 0.5%, while the Dow Jones Industrial Average (^DJI) added 130 points, or 0.4%. The technology-heavy Nasdaq Composite (^IXIC) also advanced by roughly 0.4%. U.S. Treasury yields pared their move higher from the previous session, with the benchmark 10-year note falling below 3.6%. The U.S. dollar index also retreated. Wells Fargo (WFC)… Source link

U.S. stocks posted outsized gains Thursday, logging their biggest one-day climb in two years, as Wall Street cheered lighter-than-expected inflation data and monitored midterm election tallies. The Consumer Price Index (CPI) for October reflected a 7.7% increase over last year and 0.4% increase over the prior month, better than Wall Street expected. Economists surveyed by Bloomberg called for a 7.9% annual rise and 0.5% monthly gain. Moderations in the data again fueled bets that the Federal… Source link

San Francisco Fed President Mary Daly told Yahoo Finance that she expects the Fed to stay the course when it comes to expectations for interest rate hikes after the latest core inflation reading — i.e., consumer prices excluding volatile food and energy prices— came in at a 40-year high. “It does show the data not cooperating,” Daly said on Yahoo Finance Live when asked about the consumer price index report for September. “It was a very disappointing report, but I would offer it… Source link

Stocks rallied Wednesday as Wall Street breathed a sigh of relief over a lower-than-expected CPI reading for July that showed inflation eased to an annual 8.5% last month. The benchmark S&P 500 jumped 2.1% while the Dow Jones Industrial Average gained 535 points, or about 1.6%, and the tech-heavy Nasdaq Composite surged 2.9%. July’s CPI report showed prices moderated last month, edging lower for the first time since early 2021 in a hopeful sign for investors that Federal Reserve officials may… Source link

U.S. consumer prices in June accelerated at the fastest annual pace since November 1981. The Bureau of Labor Statistics’ Consumer Price Index (CPI) reflected a year-over-year increase of 9.1% last month, up from the prior 40-year high of 8.6% in May. Economists were expecting June’s reading to show an 8.8% increase, according to estimates compiled by Bloomberg. On a monthly basis, the broadest measure of inflation rose at a pace of 1.3%, inching up from 1% in May and climbing at a faster tempo… Source link