WASHINGTON, June 10 (Xinhua) -- U.S. consumer inflation in May surged 8.6 percent from a year ago, indicating inflation remains elevated despite the Federal Reserve's rate hikes, the U.S. Labor Department reported Friday. The consumer price index (CPI) last month rose 1.0 percent from the...
Peter Cardillo:Earnings, and of course, from a macro standpoint, next week marks the start of a new month which brings with it several key economic indicators. We will see the latest unemployment numbers followed by the Consumer Price Index (CPI) and the Producer Price Index (PPI). Then, ...
On a monthly basis, headline CPI was up 1% while core rose 0.6%, compared with respective estimates of 0.7% and 0.5%. Surging shelter, gasoline and food prices all contributed to the increase. Energy prices broadly rose 3.9% from a month ago, bringing the annual gain to 34.6%. Within th...
"The May CPI and PPI data are favorable for our view that the Fed will be reducing its policy rate later this year," Bank of America economist Stephen Juneau said in a note. "We see recent inflation data as greatly reducing the likelihood that the Fed has to raise rates and view labor...
We will see the latest unemployment numbers followed by the Consumer Price Index (CPI) and the Producer Price Index (PPI). Then, towards the end of May, we will once again review the Personal Consumption Expenditures (PCE) index. These data points are crucial for understanding the economic ...
What May CPI Says About the Consumer Start Conversation Markets took a sharp downturn after the May read of the consumer price index, a popular measure of inflation, came in hotter than expected. The headline consumer price index for the month of May was estimated to have risen 8.6% from...
The UK CPI fell by less than forecast to 2.3% in April but still reached its lowest rate since September 2021. The Bank of England expects the CPI to fall to slightly below the 2% target in the second quarter of 2024.Among surveyed emerging economies, inflation continued to fall, excluding...
Inflation The consumer price index (CPI) for May 2019 noted a 4.8 percent increase year-over-year (YOY). The main contributors to this rise were the components “Food and Non-Alcoholic Beverages” and “Communication”. Furthermore, by excluding the effect of food and energy , the core CPI...
However, there is also the possibility of downside risks if upcoming economic data (next week’sConsumer Price Index report (CPI))fails to meet market expectations. Investors should monitor the market closely for any developments that could impact the USD/JPY. ...
In response to Russia’s war of aggression and the accompanying human rights violations in Ukraine, several scholars have called for all multinational