Inflation Rate

Wall Street exhaled a sigh of relief as the Federal Reserve’s favored gauge of inflation cooled as anticipated in January, quelling fears that an unexpected rise in the Consumer Price Index (CPI) might spill over into the Personal Consumption Expenditure (PCE) price index. At noon in New York...

This week’s economic spotlight shines on the highly anticipated release of the Personal Consumption Expenditure (PCE) price index for January, scheduled for Thursday. The significance of this index cannot be overstated, as it serves as the Federal Reserve’s preferred barometer for...

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances of $726,200 or less witnessed a further increase recently, reaching 7.06% for the week ending Feb. 16, 2024. It marks the highest point observed since early December, as reported by the Mortgage...

Investors are setting their sights on two pivotal events scheduled for Wednesday. At 2:00 p.m. ET, the Federal Reserve will release the minutes from its latest Federal Open Market Committee Meeting. Following the close of Wall Street’s trading session, Nvidia Corp., the S&P 500’s...

The week saw a flurry of economic news, with a strong focus on inflation and its potential implications for the Federal Reserve’s future actions. Former Treasury Secretary Larry Summers and ex-Home Depot Inc. CEO Bob Nardelli both chimed in on this topic, offering their insights on the...

Wall Street witnessed one of the worst sessions since the beginning of the year, with widespread declines across the board as stocks were hit by the impact of a higher-than-expected inflation report. The Consumer Price Index (CPI) rose at a 3.1% annual rate in January, down from December’s 3....

The January inflation report delivered an unsettling surprise to investors Tuesday, indicating that price pressures remain more tenacious than anticipated. Despite a slight decrease from December’s 3.4% figure to 3.1% year-on-year, inflation exceeded forecasts, challenging the Federal Reserve...

Investors might receive a pleasant surprise from January’s inflation report, according to economists’ predictions. Scheduled for release this Tuesday at 8:30 a.m. ET, the Bureau of Labor Statistics is set to unveil last month’s Consumer Price Index (CPI) data, which could provide...

U.S. January jobs report defies expectations with strong growth in payrolls and wages, raising concerns over inflation and Fed's policy decisions. The January jobs report delivered a stunning testament to the enduring strength of the U.S. labor market, surpassing even the most optimistic forecasts...

Editor’s note: This story has been updated with additional details from Fed Chair Jerome Powell’s press conference. The Federal Reserve announced on Wednesday that interest rates will remain unchanged, meeting market expectations and signaling a pause in policy tightening. Yet the Fed...

There’s little doubt that the Federal Reserve Open Market Committee (FOMC) meeting this Wednesday will opt to maintain interest rates unchanged within the 5.25% to 5.5% range while also keeping their quantitative tightening program running at the same pace. But, the real focus lies in the...

As Wall Street wraps up another week, it stands on the brink of marking its 12th positive performance out of the last 13 weeks for both the S&P 500 and the Nasdaq 100. Additionally, the U.S. stock market is on track for the strongest three-month run since June 2020, the second strongest one...

The Personal Consumption Expenditure (PCE) price index, widely regarded as the Federal Reserve’s preferred measure of inflation, exhibited a noteworthy slowdown in October. The PCE annual inflation rate eased from 3.4% year-on-year in September to 3% in October, as expected. This downtrend...

October witnessed a greater-than-anticipated drop in inflation, with significant declines in both the Consumer Price Index (CPI) and Producer Price Index (PPI). The CPI index declined from a 3.7% annual rate in September to a 3.2% in October, missing the expected 3.3% forecasted by economists. The...

The October Consumer Price Index (CPI) report delivered positive news in the U.S. economy’s fight against inflationary pressures. In October, the annual inflation rate decreased from 3.7% to 3.2%, below the economists’ anticipated 3.3% projection. Simultaneously, the core inflation...