Tag Archives: Inflation

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, November 11, 2022 Today’s newsletter is by Jared Blikre, a reporter focused on the markets on Yahoo Finance. Follow him on Twitter @SPYJared. Read this and more market news on the go with Yahoo Finance App. Stocks and bonds had an especially bullish reaction to new data out Thursday showing that inflation continues to moderate after… Source link

At the start of the year, new and used car prices were soaring. Nobody had ever heard of a 40% inflation rate for used cars, yet an acute shortage of semiconductors threw the car market into disarray. With chip shortages severely depressing new-car production, consumers with plenty of cash shopped used instead. So prices skyrocketed. With the chip shortage easing, car prices are falling back to earth. The year-over-year change in new cars peaked at 13.2% in April and has now dropped to 8.4%,… Source link

U.S. inflation eased slightly last month as the Federal Reserve raised interest rates to get a grip on prices that have surged at a historic pace. The Consumer Price Index (CPI) in October reflected a 7.7% increase over last year and 0.4% increase over the prior month, the Bureau of Labor Statistics said Thursday. Economists had expected prices rose at an annual 7.9% clip and 0.5% month-over-month, per Bloomberg consensus estimates. On a “core” basis, which strips out the volatile food and… Source link

Wolfgang Puck says the luxury dining industry is feeling the pinch of inflation. In a recent interview with Yahoo Finance, the world-renowned Chef and restaurateur, broke it down point-blank saying, “some of this thing has gotten out of control.” “The average cost now in our restaurants for food is up 15%, which is a lot,” adding that some other costs like equipment to prepare the food are also on the rise. “I bought the other day cutting boards, for example, for one restaurant I bought 12… Source link

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

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, October 14, 2022 Today’s newsletter is by Julie Hyman, anchor and correspondent at Yahoo Finance. Follow Julie on Twitter @juleshyman. Read this and more market news on the go with Yahoo Finance App. Inflation came in red-hot again on Thursday, meaning the Federal Reserve will almost certainly raise interest rates by at least 75 basis… Source link

Everybody’s unhappy with the latest inflation report, which shows that the annual change in price increases dropped by just one-tenth of a percentage point, from 8.3% in August to 8.2% in September. The Federal Reserve has been jacking up interest rates to force prices down, and inflation is turning out to be a stubborn foe. Investors keep hoping for a break in the data, showing the Fed’s medicine is starting to work. It keeps not happening. While overall inflation remains high, some… Source link

(Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Most Read from Bloomberg A closely watched measure of US consumer prices rose by more than forecast to a 40-year high in September, pressuring the Federal Reserve to raise interest rates even more aggressively to stamp out persistent inflation. The core consumer price index, which excludes food and energy, increased 6.6% from a year ago, the highest level since 1982, Labor Department… Source link

U.S. stock futures fell Thursday after inflation data showed that consumer prices climbed more quickly than expected. S&P 500 futures (^GSPC) fell 1.54% while futures on the Dow Jones Industrial Average (^DJI) ticked down 1.10%. The technology-heavy Nasdaq Composite (^IXIC) down by 2.50%. The 10-year treasury yield were back above 4%. The Bureau of Labor Statistics released its Consumer Price Index (CPI) for September early Thursday, which showed prices rose 8.2% over the prior year and 0.4%… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, October 13, 2022 Today’s newsletter is by Jared Blikre, a reporter focused on the markets on Yahoo Finance. Follow him on Twitter @SPYJared. Read this and more market news on the go with Yahoo Finance App. Wall Street awaits this morning’s consumer price index release for September with bated breath despite the overall song remaining the… Source link