The consumer price index rose 0.3% last month, the largest gain since April after advancing 0.2% for four straight months, the Labor Department said on Wednesday. In the 12 months through November, the CPI climbed 2.7% after increasing 2.6% in October. Economists polled by Reuters had ...
The Federal Reserve left interest rates unchanged for the seventh consecutive meeting. Fed officials also published their quarterly summary of economic projections, includingthe dot plot, which suggested policymakers expect one interest rate cut this year. Treasury yields crept higher following the Fed's...
There were neither a press conference nor updated macro projections at this meeting. However, it was a hawkish hold as the bank reiterated that “The Committee is confident that maintaining the OCR at a restrictive level for a sustained period will return consumer price inflation to within the ...
We project September CPI of 0.28% m/m (4.2% y/y), below the Economist’s Survey projections but in line with market expectations expressed in forwards and the Traders’ Survey (0.3%). Likewise, we project that the CPI ex-volatiles would increase 0.3% m/m (3.8% y/y), ...
In addition, the Eurozone Unemployment Rate (Feb.) is due out. Projections are for Unemployment to come in at 8.5%, just below the previous release of 8.6%. There are no keynote economic metrics facing the USD due out until Friday’s Non-Farm Payrolls report. ...