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MARKET WRAPS Watch For: CPI for June; EIA Weekly Petroleum Status Report; Bank of Canada Rate Decision; speeches by Lael Brainard, Raphael Bostic Today's Headlines/Must Reads -...
That could give the federal reserve some breathing room in regards to future rate increases. right now, the market expects another quarter point increase by the central bank later in month. after this expected reading for cpi, there are growing expectations on wall street now that this could be the last increase. remember, the fed has said that it expects to increase two more times. does this reading actually change that. the consumer price index grew at the lowest pace since march of 2021, the reading that economists play the closest attention to is core cpi. that increased 4.8%. strips out f...
As Citizens Property Insurance Corp. waits for a decision on a plan that would lead to double-digit rate increases for customers, the state-backed insurer remains on a path to grow to 1.7 million policies by the end of the year, President and CEO Tim Cerio said Wednesday.
And, frankly, it's not there right now. >> jeanna, we've seen some of the rate increases. what's the threshold to go in the opposite direction? just pat to drop, maybe, a quarter point? >> high. the threshold is very high torsion use the signal right here. i think the fed is very determined to get the inflation all the wachl back down to a 2% goal. they're trending at 4%. we're still roughly double that goal. i think we're going to see the consumer price index that inflation is coming down a little bit more, hopefully a little more quickly, but we're still not close. i think it's going to be a...
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