All articles tagged with #cpi inflation
November CPI data showed lower core inflation, boosting Wall Street and prompting expectations of potential rate cuts, though data reliability is questioned due to government shutdown effects and rent measurement issues. The S&P 500 rallied initially but settled with modest gains amid mixed signals about inflation's true trajectory and the Fed's future policy moves.
The article discusses recent improvements in CPI inflation figures, indicating a slight easing in inflation pressures, with additional details available through a subscription to the Financial Times.
The upcoming release of September's CPI inflation data is crucial for the Federal Reserve's decision on interest rates amid a government shutdown that has delayed key economic indicators, creating uncertainty in monetary policy and market reactions, with most analysts expecting a rate cut at the October FOMC meeting.
Dow Jones futures remain flat as investors await key earnings reports from Tesla, GE, Netflix, and GE Vernova, alongside the upcoming CPI inflation data. U.S.-China trade negotiations are ongoing, with recent tensions over export curbs and tariffs. The stock market experienced a strong weekly rally, with major indexes gaining, though volatility persists. Key stocks like Tesla and GE are setting up for potential moves, and investors are advised to stay cautious amid market swings and upcoming economic reports.
UK interest rates are expected to remain at 4% as inflation stays high at 3.8%, with food inflation also rising, prompting policymakers to hold off on easing borrowing costs despite economic pressures.
The recent CPI and jobs reports suggest the Federal Reserve will likely cut interest rates in the coming months due to easing inflation, particularly in shelter costs, and a cooling labor market, supporting a bullish outlook for equities, especially in tech and productivity-driven sectors.
Dow Jones futures are steady ahead of key CPI inflation data, with notable stock movements including Tesla hitting a new buy point, CoreWeave approaching a key moving average, and Micron raising guidance. Investors await inflation reports to gauge future market direction amid ongoing bullish trends and economic indicators like oil prices and treasury yields.
The stock market rose following a positive jobs report and new discussions with China, with upcoming data on CPI inflation and GameStop earnings expected to influence further movements.
Treasury yields spiked, with the 3-year yield jumping 25 basis points to 4.77%, and the 10-year Treasury notes were sold at a yield of 4.56%, up by 21 basis points from before the CPI report. The 10-year yield rose by 19 basis points to 4.55%, the highest since mid-November, reflecting a shift in longer-term inflation scenarios. Additionally, the average 30-year fixed mortgage rate spiked to 7.34%, the highest since November 20, causing potential buyers to hesitate and potential sellers to reminisce about lower rates in 2022.
The stock market concluded a week of losses on a positive note, with investors turning their attention to upcoming releases of CPI inflation data and Federal Reserve meeting minutes. Market participants are closely monitoring these indicators for insights into the state of the economy and potential future monetary policy actions amidst concerns about inflation and market volatility.
Stocks ended lower, breaking a four-day winning streak, as bond yields rose and investors analyzed an inflation report showing steady headline inflation but cooling in some areas tracked by the Federal Reserve. The Dow Jones Industrial Average dropped 0.5%, the S&P 500 fell 0.6%, and the Nasdaq Composite was down 0.6%. In other news, Taylor Swift's concert film "The Eras Tour" debuted to rave reviews, Disney hiked streaming prices, mortgage rates edged higher, and the United Auto Workers extended their strike at Ford's Kentucky Truck Plant.
Stock futures trimmed gains as investors awaited the release of the Consumer Price Index (CPI) report, which showed that inflation held steady in September but increased slightly faster than expected. The major US stock indexes scored their fourth winning session in a row on Wednesday despite hotter-than-expected wholesale inflation data. Eyes are also on the upcoming third-quarter earnings season, with expectations for muted earnings growth. Oil prices rose after Russia and Saudi Arabia committed to extra cuts in crude output, but market sentiment remains fragile due to tensions in the Middle East.
Stock futures trimmed gains as investors awaited the release of the Consumer Price Index (CPI) report, which showed that inflation held steady in September but increased slightly faster than expected. The major US stock indexes scored their fourth winning session in a row on Wednesday despite hotter-than-expected wholesale inflation data. Eyes are also on the upcoming third-quarter earnings season, with expectations for muted earnings growth. Oil prices rose after Russia and Saudi Arabia committed to extra cuts in crude output, but market sentiment remains fragile due to tensions in the Middle East.
US futures rose as investors awaited the release of the Consumer Price Index (CPI) report, which could influence the Federal Reserve's decision on interest rates. The stock market had its fourth consecutive winning session on Wednesday despite higher-than-expected wholesale inflation data. The CPI report is crucial for the Fed's policy decisions, and any indication of uncontrolled inflation could keep a rate hike on the table. The third-quarter earnings season begins with reports from Delta and Walgreens, with expectations of muted earnings growth. Oil prices rebounded after Russia and Saudi Arabia committed to additional cuts in crude output, but market sentiment remains fragile due to tensions in the Middle East.