Core capital goods spending rises, signaling healthy production
The measure, which increased monthly in April as well as year over year, tracks big, one-off purchases like machinery for manufacturing.
Source: marketplace.org
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Auto insurance inflation set to tap on the brakes, BofA economist says (NYSE:TRV)
Rising auto insurance premiums have been a major driver of inflation in recent months, but BofA economist Stephen Juneau has reasons to believe those increases will soon decelerate
Source: seekingalpha.com
3 Sector ETFs to Play on Renewed Fed Rate Cut Hopes - Schwab U.S. REIT ETF (ARCA:SCHH), SPDR Select Sector Fund - Technology (ARCA:XLK)
In April, inflationary pressures showed signs of easing, with the Consumer Price Index (CPI) on a "core" basis rising 3.6% year over year, in line with expectations. This marked a cooling from the 3.8% increase observed in March. Monthly core price increases also aligned with expectations at 0.3%, down from 0.4% in the previous three months.
Source: benzinga.com
March inflation data to prolong drama around timing of US Fed's rate cut
A monthly report on consumer prices due Wednesday is unlikely to settle the debate around the timing of Federal Reserve interest-rate cuts, with forecasters expecting some moderation following elevated inflation readings at the start of the year. The consumer-price index excluding food and energy, a key gauge of underlying inflation,…
Source: businessmirror.com.ph
Traders Brace For Inflation Data, June Rate Cut Hopes Hang By Thread: 10 ETFs That Could Be Volatile Wednesday - iShares Bitcoin Trust (NASDAQ:IBIT), U.S. Global Jets ETF (ARCA:JETS)
Investors eagerly await March inflation data from Bureau of Labor Statistics, expected to show CPI up to 3.4% and core inflation at 3.7%.
Source: benzinga.com