Discover the latest CPI data and its impact on markets in the US. Find out how inflation is influencing market predictions and Federal Reserve actions.
The recent Consumer Price Index (CPI) data in the US has sent shockwaves through the markets, with the S&P 500 experiencing its worst day since September 2022. Treasuries sold off, leading to two-year yields hitting pre-December central bank pivot levels. Despite U.S. inflation rising by 0.3% in January, experts still anticipate interest rate cuts by the Fed.
The CPI report highlighted increases in shelter and healthcare costs, contributing to the higher-than-expected consumer prices in January. However, this surge in inflation is not likely to alter the predicted market scenarios. The S&P 500 futures took a hit as the core CPI inflation rate stubbornly held at 3.9%, shaking investor confidence.
While the CPI report did show a dip in inflation levels, the decrease was not as substantial as anticipated. This ongoing trend of persistent inflation has left many Americans frustrated, especially considering the price hikes observed since the Biden administration took office.
Taking a long-term perspective, the CPI data for January revealed a year-over-year inflation rate of 3.09%. This historical view underscores the challenges posed by inflation over the years and its impact on the economic landscape.
Treasuries sold off, with two-year yields hitting the highest since before the December central bank โpivot.โ Swap traders ratcheted down their expectations for ...
U.S. consumer prices increased more than expected in January amid rises in the costs of shelter and health care, but it likely won't change expectations ...
U.S. consumer prices increased more than expected in January amid rises in the costs of shelter and healthcare, but the pick-up in inflation likely does not ...
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The consumer price index for January came in hot, with the core CPI inflation rate unexpectedly holding at 3.9%. S&P 500 futures slid.
The consumer price index was expected to show a 0.2% increase in January, according to economists surveyed by Dow Jones.
The January CPI report shows a continued dip in inflation. But many Americans are exasperated that prices are higher than when Biden took office.
The Consumer Price Index for Urban Consumers (CPI-U) released for January puts the year-over-year inflation rate at 3.09%. The latest reading keeps ...