Inflation Rate

The U.S. Consumer Price Index (CPI) inflation is set to drop from an annual 3.7% rate in September to a 3.3% rate in October, marking the first drop since June 2023, according to the median economist consensus. The eagerly awaited U.S. CPI report for October is set to be released by the Bureau of...

Richmond Federal Reserve President Thomas Barkin has outlined a strategy that involves slowing down the economy as the winning recipe to decisively win the ongoing battle against inflation. These insights took center stage during a recent conference call hosted by Market News International (MNI)...

The Bureau of Economic Analysis is slated to unveil the Federal Reserve’s favored gauge of inflation, the Personal Consumption Expenditure (PCE) index for September, at 8:30 a.m. ET on Friday. This data holds immense significance as it not only serves as the primary inflation metric closely...

Markets are eagerly awaiting September’s inflation data, with the Bureau of Labor Statistics set to release the Consumer Price Index (CPI) report on Thursday. The unexpected rise in September’s Producer Price Index (PPI) has heightened anticipation for the upcoming consumer inflation...

The Producer Price Index (PPI) has once again defied expectations by surging upwards. The trajectory signals a resurgence in price pressures and further fuels the ongoing battle against inflation through interest rate hikes. Surprisingly, initial market reactions suggest that investors are not...

On Friday, the Bureau of Economic Analysis delivered its eagerly awaited report on the Price Consumption Expenditure (PCE) price index, a key metric closely monitored by the Federal Reserve to gauge inflationary trends. The headline inflation indicator showed a slight increase from an upwardly...

The Bureau of Economic Analysis is set to release the Federal Reserve’s preferred measure of inflation, the personal consumption expenditure (PCE) index for August at 8:30 a.m. ET Friday. Why the PCE Index Matters to the Fed The PCE price index is the Fed’s preferred tool for tracking...

As the Federal Open Market Committee (FOMC) prepares to reveal its rate decision at 2 p.m. ET on Wednesday, market watchers and economists are speculating about the Federal Reserve’s next actions. What To Expect From The FOMC The consensus view is that the Fed is likely to maintain its...

After a week of data-driven rollercoaster rides, all eyes are now firmly fixed on the upcoming Sept. 20 Federal Open Market Committee (FOMC) meeting. The FOMC is anticipated to maintain rates in the range of 5.25% to 5.5% during its September meeting, pushing the first rate cut further down the...

The August Consumer Price Index (CPI) report showed that consumer inflation increased by slightly more than expected during the month. Headline consumer inflation rose to 3.7% on a year-over-year basis, up from July’s 3.2% increase. This was driven by a 0.6% rise in headline consumer prices...

Wednesday brought an alarming inflation surge that has left economists and financial markets in a state of surprise, as the Consumer Price Index (CPI) awakened vigorously last month from a year-long hibernation. Inflation Surges Beyond Expectations In August The annual CPI inflation rate soared...

As the market eagerly awaits the next CPI report, the overarching question remains: Is the U.S. economy on track to hit the Fed’s 2% inflation target, or are we grappling with more tenacious inflationary trends? The July Curveball and What’s In Store For August: Despite a year-long...

The week began with a surge in oil prices, as WTI crude reached over $85 per barrel, its highest level in 10 months. Saudi Arabia and Russia jointly decided to extend production cuts by 1.3 million barrels per day until the end of 2023, sparking concerns among analysts and economists about...

In a reassuring sign for investors and policymakers, a key inflation gauge measured by the Federal Reserve Bank of New York revealed that the Multivariate Core Trend (MCT) inflation rate was 2.8% in July, holding steady at from a downwardly revised level in June. This figure was the lowest level...

The Federal Reserve’s favored inflation measure, which can encompass a broad array of consumer expenses, experienced a slight increase last month from its lowest levels in over two years. In July, the year-on-year increase in the Personal Consumption Expenditures (PCE) price index reached 3....