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Consensus forecast: Headline inflation to ease to 2.8% YoY (from 2.9% in December). Core CPI (excluding food & energy) is expected at 3.1% YoY, down from 3.2% in December. 📉 Producer Price ...
A faster-than-expected inflation rate for January spooked the stock market on Wednesday, with rising costs for food, shelter, and energy all combining to push inflation up to 3% for the year. Core ...
Meanwhile, the energy index decreased by 1.9% in September, after falling 0.8% in August as gas prices declined a sizable 4.1% last month. On a yearly basis, the energy index was down 6.8%.
It last month projected only two quarter-point rate cuts this year compared to the four it had forecast in September. Soaring inflation expectations factored into the 5.25 percentage points worth ...
An earlier survey of bond market strategists found a majority no longer believed an inverted curve to be a reliable recession predictor. [179] [180] [181] July 2024 data showed that the inflation rate had dropped to 2.9%, the lowest since March 2021, with used car prices returning to normal following the 2020–2023 global chip shortage. [182]
The ECI is viewed by policymakers as one of the better measures of labor market slack and a predictor of core inflation because it adjusts for composition and job-quality changes.
Surprisingly strong U.S. inflation in January stoked investor fears that a heating economy and looming tariffs could corner the Federal Reserve, undercutting interest rate-cut hopes and even ...
The Federal Reserve’s favored inflation gauge — called the personal consumption expenditures index, or PCE — rose at a 2.3% annual pace last quarter, up from 1.5% in the third quarter and ...