Page 53 - Inflation Data News Today

Inflation data in January, with consumer and wholesale prices rising faster than anticipated, complicate upcoming U.S. central bank interest rate decisions, Richmond Federal Reserve President Thomas Barkin said on Wednesday. The reports released last week "underline the challenge we have had in the recent data," with a slowdown of inflation dependent on falling goods prices, while shelter and services inflation has remained sticky, Barkin said in an interview with Sirius XM. "Yo...

MPC statements are silent on impact of tight policy on growth outlook. This raises questions on trajectory of policy

Gold prices inched higher on Monday, lifted by a softer dollar, as the bullion partially recovered from a slump last week on hot U.S. inflation data that cooled prospects of early rate cuts by the Federal Reserve.

"If we see continued strength in the inflation data, it's possible that the Fed could push its rate cuts into 2025."

Even though the market recovered from Tuesday's hiccup, investor gloom has knocked stocks off a 5-week win streak.

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WASHINGTON (AP) — Consumer inflation in the United States cooled last month yet remained elevated in the latest sign that the pandemic-fueled price surge is only gradually and fitfully coming under control. Tuesday’s report from the Labor Department showed that the consumer price index rose 0.3% from December to January, up from a 0.2% increase the previous month. Compared […]

(MENAFN - Baystreet) Markets Look to Inflation Data, Fall Sharply Futures Slip Ahead of Inflation Data Dow Pops to New Record S&P Hits Record High to Start Week Markets Fairly ... ...

January inflation came in at 3.1%, down from December but higher than the 2.9% most economists expected. While inflation decreased, U.S. housing and food costs continue to rise.

With the latest consumer price index reading coming in above expectations, the odds of an interest rate cut in May fell to 35%.