CPI

To gain an edge, this is what you need to know today. Major Negative Pattern Developing Please click here for an enlarged chart of VanEck Semiconductor ETF (NASDAQ:SMH). Note the following: A large number of stocks benefiting from artificial intelligence are semiconductor stocks.  Examples...

The Disinflation Issue The big news this week was the lower-than-expected CPI and PPI figures for July. While expectations for a September 50bp (0.5%) rate cut by the Fed changes on a daily basis, DKI agrees with current consensus that we’ll see a 25bp cut next month. We believe that’s...

Recent economic data has eased the recession fears that loomed earlier in August, diminishing the likelihood of large rate cuts by the Federal Reserve and boosting investor confidence in risk assets. The S&P 500 and Nasdaq 100 indices saw their strongest week since late October 2023 as of...

Renowned economist and vocal Bitcoin (CRYPTO: BTC) critic Peter Schiff has denounced the July Consumer Price Index as a “fraud” and has made a bold prediction about the potential consequences of a September Federal Reserve rate cut. What Happened: Schiff took to X to express his...

The latest inflation figures have set the stage for a potential shift in monetary policy, with experts suggesting this could herald a bullish period for cryptocurrencies. What Happened: As the Federal Reserve contemplates interest rate cuts, financial analysts are pointing to a changing economic...

The July consumer inflation report released Wednesday confirmed a continued cooling trend in price increases across the economy, with the headline Consumer Price Index (CPI) coming in at 2.9% year-over-year, slightly below both the previous and expected 3%. Core inflation, which excludes food and...

The July consumer inflation data released Wednesday suggests the Federal Reserve may not cut rates as deeply as expected in September, one CIO said in the wake of the Consumer Price Index report. “In a not-so-subtle shift, the market has moved from worrying about inflation to worrying about...

Today, we got the July Consumer Price Index (CPI) report which showed an overall increase of 2.9% for the last year and 0.2% for the month. That’s below last month’s 3.0% and expectations of 3.0%. The 0.2% monthly increase was in line with the 0.2% expected, and a bigger increase vs...

By RoboForex Analytical Department USD/JPY has retreated from its peak this week, settling at 146.82. The yen gained some strength as the US dollar weakened following July's lacklustre US Producer Price Index (PPI) data. This report bolstered market expectations for a potential 50 basis point...

The July Consumer Price Inflation report made another step toward the Federal Reserve’s 2% target, though less pronounced than June’s, sustaining optimism for imminent interest rate cuts. Last month, a basket of goods and services purchased by U.S. consumers rose by 2.9% year-over-year...

The Consumer Price Index (CPI) saw a cooler-than-anticipated annual headline print in July, continuing the disinflationary trend and supporting market hopes for large interest rate cuts by the Federal Reserve. In July, the average price increase for a basket of goods and services tracked by...

Bitcoin (CRYPTO: BTC) spiked in early Thursday trading on positive macroeconomic data and strong ETF inflows before falling back below $58,000. What Happened: U.S. inflation turned negative in June, with the Consumer Price Index (CPI) reporting a negative 0.1% rate for June, against forecasts of a...

A chorus of economists now loudly predicts that the Federal Reserve will soon begin cutting interest rates following the latest cooler-than-expected inflation report. In June, the Consumer Price Index (CPI) measured by the Bureau of Labor Statistics rose by 3% year-over-year, dropping from May's...

The Consumer Price Index in the United States slowed more than expected in June, providing further signs of progress Thursday toward returning to the Federal Reserve’s 2% inflation target and maintaining high expectations for a near-term kickoff of interest rate cuts. Last month, the average...

Federal Reserve Chair Jerome Powell painted a very clear picture of what needs to happen before the central bank lowers rates during the second day of testimony in front of Congress. What To Know: Powell kicked off his semiannual testimony before the Senate Banking Committee on Tuesday. He began...