Page 67 - Inflation Data News Today

Asian stocks rose on Thursday, as traders figured a small upside surprise for U.S. inflation was unlikely to push up interest rates, while the euro was firm leading in to a European Central Bank meeting where expectations lean toward a rate hike. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.6% for its best session in a week and a half. Treasury yields initially spiked higher, as did the U.S. dollar, before both retraced the moves.

U.S. retail sales numbers and PPI are Thursday's chance to gauge the health of the world's largest economy after markets largely took the previous day's crucial inflation data in their stride. There is plenty else to watch as well though, with the first day of trading for Arm, after UK-based chip designer raised $54.5 billion in the world's largest IPO this year, and a crucial European Central Bank meeting. The data is expected to show easing retail sales growth, after a pi...

NEW YORK (Reuters) -A slew of U.S. economic data on Thursday showed stronger-than-expected numbers that stoked worries about sticky inflation and reinforced the view that the Federal Reserve is likely to keep interest rates higher for longer. U.S. producer prices rose 0.7% in August, compared with expectations of a 0.4% increase. U.S. retail sales also climbed 0.6% last month, against estimates of a 0.2% rise, while initial jobless claims for the latest week fell to 220.000.

NEW YORK (AP) — Stocks are ticking higher on Wall Street with hopes that central banks around the world are close to done with their hikes to interest rates.

U.S. stock index futures extended losses on Wednesday after stronger-than-expected inflation data fanned fears the Federal Reserve could keep interest rates higher for longer. The Labor Department data showed headline and core CPI in August rose 0.6% and 0.3%, respectively, month-on-month. Economists were expecting a rise of 0.6% and 0.2%, respectively.

The Senior Citizens League estimates Social Security’s cost-of-living adjustment, or COLA, will be 3.2% next year.

According to the Centre for Monitoring Indian Economy’s (CMIE) Economic Outlook, consumer sentiments fell by 1.5 per cent in August 2023. The timing could not be worse since India is just starting its annual festive season — the period when the economy often witnesses a surge in shopping.

Retail inflation has decreased marginally to 6.83 per cent in August. In July, inflation rose to a 15-month high of 7.44 per cent.

The main indexes were choppy Tuesday as investors looked ahead to August inflation data and the Arm IPO. Stocks struggled for direction Tuesday as investors looked ahead to Wednesday's critical inflation update and took in an onslaught of headlines from the tech sector. Notably, mega-cap tech stock Apple (AAPL) continued its recent price struggles as the company unveiled its latest line of iPhones at an annual product event. The bulk of today's attention swirled around expectations for...

Gold price expectations amid cautious anticipation of inflation data