Tag: Inflation

Hot inflation data pushes market’s rate cut expectations to September

[ad_1] Traders work on the floor of the New York Stock Exchange during afternoon trading on April 09, 2024 in New York City. Michael M. Santiago | Getty Images As recently as January, investors had high hopes that the Federal Reserve was about to embark on a rate-cutting campaign that would reverse some of the […]

Inflation Remained Elevated in February

[ad_1] Chair Powell answers reporters’ questions at the FOMC press conference in March, 2023. When inflation picked back up in January 2024, many commentators described it as more noise than signal. The latest data from the Bureau of Economic Analysis (BEA) casts doubt on that view.  The Personal Consumption Expenditures Price Index (PCEPI), which is […]

Key Fed inflation gauge rose 2.8% annually as expected

[ad_1] Inflation rose in line with expectations in February, likely keeping the Federal Reserve on hold before it can start considering interest rate cuts, according to a measure the central bank considers its more important barometer. The personal consumption expenditures price index excluding food and energy increased 2.8% on a 12-month basis and was up […]

Watch CNBC’s live coverage of Friday’s key inflation data

[ad_1] [The stream is slated to start at 8:15 a.m. ET. Please refresh the page if you do not see a player above at that time.] The Commerce Department on Friday will release the February reading for the personal consumption expenditures price index, which the Federal Reserve considers its most important inflation measure. CNBC TV […]

Which country will be last to escape inflation?

[ad_1] Listen to this story.Enjoy more audio and podcasts on iOS or Android. Your browser does not support the <audio> element. In January prices across the rich world rose by 5.7% year on year, down from a peak in late 2022 of 10.7%. This conceals wide variation, however. Some countries have slain the inflation beast. […]

This week provided reminder that inflation isn’t going away anytime soon

[ad_1] Gas prices are displayed at a gas station on March 12, 2024 in Chicago, Illinois.  Scott Olson | Getty Images From consumer and wholesale prices to longer-term public expectations, reports this week served up multiple reminders this week that inflation isn’t going away anytime soon. Data across the board showed pressures increasing at a […]

Wholesale inflation rose 0.6% in February

[ad_1] Wholesale prices accelerated at a faster-than-expected pace in February, another reminder that inflation remains a troublesome issue for the U.S. economy. The producer price index, which measures pipeline costs for raw, intermediate and finished goods, jumped 0.6% on the month, the Labor Department’s Bureau of Labor Statistics reported Thursday. That was higher than the […]

CPI inflation report February 2024:

[ad_1] Inflation rose again in February, keeping the Federal Reserve on course to wait at least until the summer before starting to lower interest rates. The consumer price index, a broad measure of goods and services costs, increased 0.4% for the month and 3.2% from a year ago, the Labor Department’s Bureau of Labor Statistics […]

Here’s what to expect from a key inflation reading

[ad_1] Shoppers are seen in a Kroger supermarket in Atlanta on Oct. 14, 2022. Elijah Nouvelage | AFP | Getty Images Rising gasoline prices likely put a floor under inflation in February, potentially reinforcing the Federal Reserve’s decision to take a go-slow approach with interest rate reductions. Economists expect that prices across a broad spectrum […]