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Core Inflation

All articles tagged with #core inflation

markets10 hours ago

Bond yields slide as cooler core inflation boosts bets on slower Fed tightening

U.S. Treasuries rallied after December's core inflation rose 0.2% month-on-month and 2.6% year-on-year, slightly below expectations, driving the 10-year yield down to about 4.175% (hit 4.156% intraday) while the 2-year slid to roughly 3.528% and the 30-year to 4.832%. Markets price in two 25-basis-point Fed cuts this year beginning in June as inflation trends decline and the labor market slows, though larger policy moves depend on ongoing data and the DOJ investigation into Powell’s renovations, which he says could influence the central bank’s decisions.

via CNBC|
#core-inflation#cpi#fed-expectations
economy4 months ago

US Inflation Remains Steady as Consumer Spending Continues

The US inflation gauge remained steady in July at 2.6%, with core inflation slightly rising to 2.9%, indicating persistent inflation above the Fed's 2% target. Consumer spending increased significantly, and incomes rose, supporting the likelihood of a rate cut by the Fed next month, despite political pressure from President Trump to lower interest rates.

via Yahoo Finance|
#consumer-spending#core-inflation#economy
economics1 year ago

Eurozone Inflation Eases, Paving the Way for June Rate Cut

In the eurozone, annual inflation eased to 2.4 percent in March, nearing the European Central Bank's 2 percent target, with core inflation dropping to 2.9 percent. This supports the possibility of future interest rate cuts, although analysts believe the central bank will wait for more evidence of the cooling trend before taking action. In the United States, inflation has also cooled, prompting caution from the Federal Reserve on potential interest rate cuts, while the Bank of England has maintained relatively high rates amid signs of moderating inflation in Britain.

via The New York Times|
#core-inflation#economics#european-central-bank
economics1 year ago

Euro Zone Inflation Eases as Core Figures Disappoint, Boosting Hope for Early ECB Rate Cut

Euro zone headline inflation slightly eased in January as expected, with annual price rises at 2.8%, while core inflation declined to 3.3%. Services inflation held steady at 4%, and disinflationary effects from the energy market continued to reduce. Economic growth in the euro zone has been stagnating, with Germany's GDP contracting by 0.3% in the fourth quarter. The European Central Bank is monitoring data to determine when to bring interest rates down from their current record highs, with some policymakers suggesting cuts may occur in the summer or later.

via CNBC|
#core-inflation#economic-growth#economics
economics2 years ago

"December 2023: US Consumers Benefit from Falling Inflation and Goods Prices"

Bloomberg Economics anticipates that the upcoming US consumer price index (CPI) report will likely reveal soft inflation, primarily attributed to further declines in the goods sector, with the core consumer price index, excluding food and energy, expected to have risen by just 0.2% in December, aligning with the Federal Reserve's efforts to curb inflation.

via Bloomberg|
#bloomberg-economics#core-inflation#economics
economy2 years ago

Euro zone inflation disappoints, sinking below expectations

Euro zone inflation dropped to 2.4% in November, below expectations of 2.7%, while core inflation fell from 4.2% to 3.6%. The European Central Bank remains cautious about declaring victory over price rises as they monitor potential pressures from wage increases and energy markets. Inflation in Germany and France also decreased to 2.3% and 3.8% respectively. Traders may bring forward expectations for the first ECB rate cut, but concerns over labor market tightness suggest rate cuts may come later. Unemployment in the euro area remained at a record low of 6.5% in October despite a contraction in the euro zone economy in Q3.

via CNBC|
#core-inflation#economy#euro-zone
economy2 years ago

October Inflation Holds Steady, Core Inflation Slows

Consumer prices in the US remained unchanged in October, with a drop in oil prices dragging down headline inflation, while core inflation rose at the slowest pace since September 2021. The Consumer Price Index (CPI) showed no change from the previous month and a 3.2% increase over the prior year. Lower energy costs, particularly gas prices, contributed to the smaller gain in headline figures. On a "core" basis, which excludes food and gas, prices rose 4.0% over the previous year. The shelter index, a key factor in core inflation, increased at the slowest rate in a year. The Federal Reserve is expected to keep rates unchanged in December.

via Yahoo Finance|
#bureau-of-labor-statistics#consumer-prices#core-inflation
economy2 years ago

"Surprising Surge: Fed's Preferred PCE Price Tracker Reveals Unexpected Inflation Spike"

Inflation, as measured by the PCE price index, rose higher than expected in September, increasing the pressure on the Federal Reserve to consider raising interest rates. The index has risen 3.4% over the past year, surpassing the Fed's 2% target. However, the core rate of inflation, which excludes volatile food and energy costs, increased at a slower pace. While the worst bout of inflation in 40 years is slowly receding, it may take a few more years for prices to return to pre-pandemic levels. The Fed expects to reach its 2% inflation target by 2026. The increase in inflation is unlikely to prompt the Fed to raise rates at its upcoming meeting, and Wall Street expects rates to remain unchanged.

via MarketWatch|
#core-inflation#economy#federal-reserve
economy2 years ago

"U.S. Wholesale Inflation Surges 2.2% in September, Marking Highest YoY Increase Since April"

U.S. wholesale prices rose 2.2 percent in September, the largest year-over-year gain since April, indicating persistent inflationary pressures despite higher interest rates. The producer price index climbed from a 2 percent increase in August, with core inflation rising 2.7 percent year-over-year. Wholesale energy prices surged 3.3 percent, and food prices rose 0.9 percent. The Federal Reserve may leave interest rates unchanged, as the economy remains stronger than expected, and there is optimism for a "soft landing" to control inflation without causing a recession.

via PBS NewsHour|
#core-inflation#economy#federal-reserve