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)...
measurably higher than the Fed’s stated goal of 2.0% inflation.Core CPI also rose +0.3% MoM, and is now up +3.6% YoY.Producer Prices rose a higher than expected +0.5% on the month, but are only up 2.2% YoY (Core PPI was +0.5% MoM and +2.4% YoY).Consistent with these moves, ...
WASHINGTON – The Federal Reserve on Wednesday held its ground on interest rates, again deciding not to cut as it continues a battle with inflation that has grown more difficult lately. In a widely expected move, the U.S. central bank kept its benchmark short-term borrowing rate in a targe...
Asked about what it would take to have a rate increase, Powell said, "I think we'd need to see persuasive evidence that our policy stance is not sufficiently restrictive to bring inflation sustainably down to 2% over time. That's not what we think we're seeing." — Yun Li Wed, May ...
The three-month moving average of the growth rate (analysis that allows reducing the volatility of monthly growth), shows that GDP has been growing 3.4%, with an acceleration of primary activities (7.9% ), while non-primary GDP maintains a more moderate growth rate (2.1%). ...
The year-over-year inflation rate in the Consumer Price Indexjumped to 4.2% in Aprilfrom 2.6% in March, and core inflation (excluding food and energy prices) accelerated to 3% from 1.6%. But Carson says both would be twice as high—so 6% for core inflation alone—if the actual surge in...
Additionally, the latest reading indicated the fastest rate of business activity growth since May 2023. Among emerging economies, China maintains steady growth; India’s economic activity remains robust; Brazil cuts interest rates by 0.25 percentage points (p.p.) as inflation falls further. China. ...
(y/y) pace in Q3 2024 while the unemployment rate remains at a historically low 4.1% as of October. Meanwhile, Consumer Price Index (CPI) inflation stood at 2.4% y/y in September while the Fed’s favored inflation gauge, the deflator for the personal consumption expenditures, rose 2.4...
According to an initial estimate the Bureau of Economic Analysis released on Thursday April 25th, Inflation-adjusted gross domestic product grew at an annualized rate of 1.6% in the first quarter, which is below the 2.4% estimate. The Personal Consumption Expenditures price index, a key inflation...
Economists expect both core and headline CPI rose by 0.5% in May. Headline CPI is expected to jump 4.7% year-over-year, the highest rate since sky high energy prices spiked inflation readings in the fall of 2008. "It will be hot. It could be up to 5%," said Diane Swonk, chief...