However, ECB members may pay greater attention to the rate of services inflation — a key indicator of domestic inflationary pressures — which rose to 4.1% from 3.7%. Staff are also due to release their latest round of inflation and growth projections at next week's meeting, providing more ...
"Expectations had it closer to 0.6%,"MarketWatch quoted Ken Tumin, founder of depositaccounts.com. "Even though the I-bond inflation rate is much lower than the last three six-month periods, this new fixed rate makes it more attractive for those who plan to hold on to ...
Average daily rate (ADR) at US$159 was US$3.53 higher than the prior week and a 3.6% increase year over year (YoY). The increase was just behind the most recent CPI-indexed annual inflation rate (5.0%). Increasing occupancy and ADR netted a healthy revenue per available room (RevPAR)...
Starting in May 2023, Series I bonds will earna minimum interest rateof 3.38% according tonewly released U.S. inflation data. While this is good compared tohistorical bond performances, some investors may find it underwhelming compared to more recent ...
The high level of inflation is likely to prompt the Bank of Israel to hike interest rates again at the start of July, said local media. The monthly inflation rate in May was 0.6 percent, following a 0.8 percent in April, the statistics authority said, explaining a 13.8-percent price increa...
"Inflation is still too high," he said. "Further progress in bringing it down is not assured and the path forward is uncertain." However, investors were pleased by Powell's comment that Fed's next move was "unlikely" to be a rate hike. TheDow Jones Industrial Average jumped after the ...
Economists and policymakers (e.g., the Federal Reserve) pay close attention to Core Inflation, which is the overall inflation rate excluding Food and Energy. Now this is a somewhat peculiar metric in that one of the exclusions, Energy, is an aggregate that combines specific pieces of two cons...
The central bank raised its target federal funds rate by a quarter percentage point from near zero in March, beginning its tightening cycle to curb the surging inflation. In May, the Fed increased the rate by half a percentage point and has signaled more half-point hikes going forward, stoki...
Nomura's economists expect inflation to average around 5.5% over July and August and while that will not force a rate hike, they expect it will keep monetary policy tight. "Monetary policy is likely to focus more on underlying inflation than an outlier," economists S...
“OurS&P 500valuation model continues to suggest that the broader US equity market is fairly valued, with some modest downside risk if current inflation, interest rate, and Fed assumptions end up being too rosy,” Lori Calvasina wrote Tuesday. ...