Tag Archives: Inflation

[unable to retrieve full-text content]Stock market today: S&P 500, Nasdaq dip ahead of key inflation print  Yahoo Finance Source link

Retailers such as Target (TGT) and Foot Locker (FL) are set to report their quarterly results this week. Storch Advisors CEO Jerry Storch joins Yahoo Finance Live to discuss the current state of the consumer. Storch, the former CEO of Toys “R” Us and Hudson’s Bay, says so far “the consumer has held up pretty well.” Despite this resilience, he notes that “inflation is still real” and other pressures remain, so investors will be watching retail results “with a very sharp eye.” Retail earnings… Source link

[unable to retrieve full-text content]Stock market today: Stocks slip ahead of key inflation data, bitcoin soars past $60,000  Yahoo Finance Source link

US consumer prices rose more than expected in January, according to the latest data from the Bureau of Labor Statistics released Tuesday morning. Investors had been closely watching the print for clues on when the Federal Reserve will begin cutting interest rates. Markets are now pricing in a nearly 80% chance the Fed cuts rates in June, bucking previous expectations that the central bank would begin cutting rates in May. “This was a bad report for those betting the Fed is going to start… Source link

This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: This week’s Chart of the Week features an excerpt from our latest Chartbook, a mammoth Yahoo Finance project in which dozens of economists and strategists send us a key chart and say why it’s important. We’ve been featuring them in editions of our Morning Brief newsletter all week. The almost three dozen charts and explanations tell the story of a strong market and… Source link

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

Research from Oxford Economics suggests that declining inflation over the past year is benefiting America’s lowest earners. As a result, the report suggests that low-income earners are in a better position to contribute to consumer spending in 2024, providing a potential boost to the overall economy. Yahoo Finance Josh Schafer breaks down this study and weighs in on trends of low-income consumers. For more expert insight and the latest market action, click here to watch this full episode of… Source link

There’s one hot-button topic that could hold the key to where inflation goes: immigration. It’s already done a great deal in bringing down consumer price growth to where it is now, experts say, even though the most recent data showed that inflation increased more than expected in December. Investors would be wise to track the flow of immigrants as they assess the future direction of interest rates and the US economy. Not only did the foreign-born population in the US finally exceed its… Source link

US stocks recovered from earlier losses on Thursday to end the session mostly flat after a fresh reading on December inflation came in slightly hotter than economists had expected, raising new questions about the Federal Reserve’s path on interest rates. The S&P 500 (^GSPC) which had been down as much as 0.8% during the session, closed just under the flatline. The Dow Jones Industrial Average (^DJI) and the Nasdaq Composite (^IXIC) hovered slightly above breakeven. Interest rate sensitive… Source link

Consumer prices increased more than expected in December as investors continue to look for signs the Federal Reserve can begin to cut interest rates. The December Consumer Price Index (CPI) showed prices ticked up slightly at 0.3% over last month, an increase from the 0.2% seen in November. Prices rose 3.4% over the prior year, an increase from the 3.1% increase seen the month prior. Economists had expected prices to increase 0.2% month over month and rise 3.2% year over year, according to… Source link