CPI
2024 - 8 - 14Inflation Takes a Breather: The CPI Report That Has Everyone Talking!
Consumer Price Index - CPI - Economic Data - Inflation - Stock Market - U.S. Federal ReserveJuly's CPI Report reveals a surprising twist in inflation, leaving markets buzzing and investors intrigued!
The Consumer Price Index (CPI) report for July 2024 has arrived and it’s making waves! With a modest rise of just 0.2% in July, the CPI year-on-year growth stands at a remarkable 2.9%—its lowest level in over three years. Analysts and investors alike were holding their breath, but the numbers came in right at expectations. What does this mean for the economy? It certainly indicates that inflation might just be easing, leading to speculation about the Federal Reserve’s next moves in monetary policy.
After a recent rally in stock prices, investors seemed less inspired by the CPI report. Despite the data being in-line with forecasts, market reactions varied from cautious optimism to, well, a collective shrug. Stock futures edged upward, while some sectors, particularly chip stocks, showed weakness, causing the markets to turn mixed overall. Interestingly, the flattening yield curve—with a 2 basis point shift—suggests that bond traders are closely watching these inflation figures as they position themselves for possible interest rate cuts.
The market chatter now revolves around the Federal Reserve’s next decision, predicted to occur in September. With several analysts weighing in, it appears the CPI data supports the notion of a 25 basis point rate cut rather than a more aggressive 50 basis point reduction. The speculation isn’t slowing down, and bond investors are increasingly looking for signs that will bolster their case for further cuts. Will the upcoming months see more movement in interest rates? It’s anyone’s guess as we navigate this intriguing economic landscape.
Here’s a fun fact: this latest CPI report marks the first time in 39 months that inflation has dipped below the 3% threshold! It's a significant milestone that could have deeper implications for how Canadians and businesses budget for the future. Plus, what’s even more fascinating is that inflation metrics in some areas are still up, notably in housing and energy. So while the CPI has taken a breather, your morning coffee and evening gas fill-up might still burn a hole in your pocket! Keep an eye out for what comes next, as the twists and turns of the economy are sure to keep us on our toes!
July 2024 CPI Report | CEA | The White House (The White House)
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Navigating Post CPI (The Globe and Mail)
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Follow live coverage and analysis of the July Consumer Price Index report, released earlier this morning today.
Inflation Since 1872: A Long-Term Look at the CPI (advisorperspectives.com)
The Consumer Price Index for Urban Consumers (CPI-U) released for July puts the year-over-year inflation rate at 2.89%. The latest reading keeps inflation ...
Stocks Rise as CPI 'Checks The Box' for Fed Cuts: Markets Wrap (Yahoo Finance)
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US CPI data release expected to confirm Fed's September decision. What impact will a surprise CPI print have on markets?
July CPI consistent with 25bp rate cut in September rather than 50bp ... (Baystreet.ca)
The consumer price index (CPI) report for July is “consistent with a 25bp rate cut rather than 50bp,” strategists at Capitol Economics said Wednesday.
Stocks Turn Mixed as Support from July CPI Report Fades (The Globe and Mail)
US stocks today are mixed, with the Dow Jones Industrials posting a 1-1/2 week high. Weakness in chip stocks is weighing on the overall market. Also, today's US ...
Bond traders look to U.S. CPI to buttress half-point rate cut bets (BNN)
Investors who've positioned for even more gains in the Treasury market are looking for U.S. inflation data that reinforces the case for a faster pace of ...
Stocks Finish Higher on a Fed-Friendly US July CPI Report (The Globe and Mail)
US stocks on Wednesday closed higher, with the S&P 500, Dow Jones Industrials, and Nasdaq 100 posting 1-1/2 week highs. Stocks found support Wednesday after the ...
CPI Inflation Cools Slightly, Keeping Fed Rate Cut On Track; S&P ... (Investor's Business Daily)
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Stock Market News, Aug. 14, 2024: S&P 500 Edges Higher With ... (The Wall Street Journal)
The latest inflation data has all but assured investors that an initial rate cut from the Federal Reserve is in store next month—but perhaps not a supersized ...
Rates Spark: No big surprises from US CPI (ING Think)
Markets are content with a 0.2% US core CPI reading and risk sentiment is now almost back to where it was before the recent turmoil.
Stocks Edge up With More Data Due After CPI Boost: Markets Wrap (Yahoo Finance)
(Bloomberg) -- European stocks and US equity futures made small advances as traders looked forward to more economic data that could reinforce the case for ...
Shelter inflation is 'the most disappointing aspect' of July CPI report (Yahoo Finance)
The latest Consumer Price Index (CPI) report revealed one category where inflation continues to be stubbornly sticky: housing costs.
July CPI supports disinflation scenario for Sept ease (Reuters)
U.S. consumer prices rebounded as expected in July, but the trend remained consistent with subsiding inflation and did not change expectations that the ...
Beneath the Skin of CPI Inflation: Broad Month-to-Month ... (WOLF STREET)
Inflation in core services, which accounts for 65% of total CPI, bounced back from the outlier and re-accelerated sharply; food prices ticked up; energy prices ...
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The July 2024 CPI report will likely increase the Fed's confidence that inflation is on the way to its 2% target and position the Fed to cut interest rates ...
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