Tag Archives: Gauge

Fed’s preferred inflation gauge falls below 3% for first time since March 2021

Fed’s preferred inflation gauge falls below 3% for first time since March 2021

The Fed’s preferred inflation gauge has moved below 3% for the first time since March 2021, before the start of the central bank’s rate-hiking campaign. The Personal Consumption Expenditures (PCE) index grew 2.6% year-over-year in December, in line with last month’s print. “Core” PCE, which excludes the volatile food and energy categories, grew 2.9%, down from 3.2% from the month prior and below the 3.0% economists surveyed by Bloomberg had expected. Core PCE is the inflation measure… Source link

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Key inflation gauge doesn’t fully capture cooling rent growth

Key inflation gauge doesn’t fully capture cooling rent growth

A key component propping up consumer prices is cooling, but it’s not yet reflected in the government’s inflation measure, according to experts. The shelter component of the Consumer Price Index — which includes rent and owners’ equivalent of rent — makes up 30% of overall inflation and 40% of core CPI, which excludes food and energy prices. Real-time data is showing softening rents, but the survey used to determine shelter prices lags current pricing. That disconnect could pose a problem… Source link

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Midterm Misery for Biden as Key Economy Gauge Flags 30-Seat Loss

Midterm Misery for Biden as Key Economy Gauge Flags 30-Seat Loss

(Bloomberg) — Whatever else is on Americans’ minds — and that’s a long list right now — the state of the economy looms large in any US election. That spells big trouble for Democrats in November’s midterm vote. Most Read from Bloomberg A new study by Bloomberg Economics takes one gauge with a knack of predicting ballot outcomes — the misery index, calculated by adding up the inflation and unemployment rates — and projects it forward through election day. The result: Based on past… Source link

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Tesla stock is ‘a confidence gauge’ for markets: Strategist

Tesla (TSLA) is a “barometer” of market confidence, says TD Ameritrade chief market strategist JJ Kinahan. “This is a name that really is a confidence gauge in my opinion,” Kinahan told Yahoo Finance Live. “If it gets down near the $950-ish level, you’ll see clients coming in and buy it up until it gets to about $1,050. When it gets above $1,050, it seems to make clients a little be nervous, so the amount of buying there starts to dissipate a little bit.” Shares of the electric vehicle giant… Source link

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‘Extreme Fear’ Grips Bitcoin Market After Price Plunge, Sentiment Gauge Shows

The Crypto Fear and Greed Index, a metric that measures the current sentiment in the bitcoin market, has fallen to “extreme fear” levels not seen since April 2020, a report Tuesday showed. The drop in market sentiment follows the past week’s plunge in the bitcoin (BTC) price to about $43,200, down from last month’s record near $65,000. The Crypto Fear and Greed Index is now at 21, down from a “greedy” level of 73 just last week, according to the report from hosting site Alternative… Source link

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