U.S. May CPI came in lower than expected! Core CPI fell to a three-year low. The three major futures indices surged, with Nasdaq futures up nearly 1% and the S&P 500 up 0.8%. The U.S. dollar index fell sharply, down 0.61% intraday. ...
China: CPI Lower than Expected, PPI Contraction Continueschina cpi
Although CPI data was lower than expected, the market seemed somewhat disappointed with this data. Did the expectation of a 50 basis point rate cut in September fall through? US inflation slowed for the fourth consecutive month in July, making it likely for the Federal Reserve to lower interest...
Stripping out volatile food and energy prices, the core CPI rose 4.8% from a year ago and 0.2% on a monthly basis. Consensus estimates expected respective increases of 5% and 0.3%. The annual rate was the lowest since October 2021.
On the other hand, government spending tends to be linked to the lower CPI figure. This includes the state pension, universal credit and jobseekers’ allowance. How is CPI used? As mentioned above, the government uses CPI for the Bank of England’s target inflation rate. It’s also used ...
lower than the 3.3% rate expected by economists. It also marked the smallest increase in core CPI since July 2024, according to PNC Financial Services Group.The Federal Reserve began cutting rates in September following a flurry of hikes that helped tame inflation after it hit a four-de...
The Bureau of Labor Statistics showed consumer prices rose 2.9% in the 12 months through December, in line with economists' expectations. Core inflation, which excludes food and energy prices, came in as expected, but lower than the previous month. ...
Gold was marginally lower while oil edged up slightly, after having come off five-month highs on Tuesday amid predictions of a decline in global fuel demand. U.S. stocks fluctuated before ending narrowly mixed overnight as data showed producer prices rose by slightly less than expected in Dec...
The dollar index , which measures the greenback against a basket of major currencies including the yen and the euro, fell to a one-month low at 104.41, but later pared losses to trade 0.25% lower at 104.77. The dollar’s biggest decline was against the yen , weakening 0.47% to 155.69....