Before the CPI data release on Tuesday the market was somewhat split between whether the Fed would increase interest rates by a further 50 basis points or by 75 basis points, after the CPI data the conversation has changed to whether the Fed will increase by 75 basis points or 100 basis po...
Follow live coverage and analysis of today's consumer price data. Last Updated: Oct. 10, 2024 at 5:16 PM EDTThe Numbers The U.S. Bureau of Labor Statistics released the latest reading of the consumer price index this morning. The September figures, at a glance: YoY: 2.4% increase in ...
"After recent red-hot data, today's softer-than-expected core CPI reading should help cool fears of a reacceleration in inflation," said Tina Adatia, head of fixed income client portfolio management at Goldman Sachs Asset Management, in an email. "While today's release is likely insufficie...
Markets head into the release of U.S. inflation figures expecting they won't get in the way of an interest rate cut next week. None of the economists polled by Reuters see core CPI topping 0.3% for November and anything at that level or below is unlikely to ruffle too many prices. It...
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UK CPI missed expectations, and Bund gained some 17 ticks on the release, now flat post Cash open. Next resistance is still seen at 135.18, printed a 135.08 high Yesterday, and now a 135.16 high post UK data. A break through will open back to 135.59. Support is still at 134.17, ahead...
Alibaba's Nasdaq-listed shares fell 1.4% following the release. — Anniek Bao Thu, Nov 21 202410:08 PM EST Bitcoin hits fresh record, marches toward $100,000 as rally continues Bitcoinbreached the $99,000 level for the first time Thursday as investors continued pricing in a second D...
How the Federal Reserve will actually react to the latest CPI data remains uncertain. “Given the strength of the wider economy, the Fed has essentially no reason to cut rates in the near term,” Dua told me. That said, whether or not the central bank opts to cut rates further will ...
Most of the Asia-Pacific markets traded in the red today as investors remained cautious ahead of the key U.S. inflation data. At the time of writing, Hong Kong’s Hang Seng and China’s Shanghai Composite indices were down 0.86% and 0.89%, respectively. Moreover, Japan’s Nikkei ...
Although the two CPI indexes calculated from the data both contain the word urban, the more broad-based and widely cited of the two covers 93% of the U.S. population.12 Shelter category prices accounting for a third of the overall CPI are based on a survey of rental prices for...