Consumer Price Index Holds Steady, Defying Forecasted Dip
The Consumer Price Index (CPI), a critical barometer of inflation and purchasing trends, has held steady, according to the latest data. The CPI measures the change in the price of...
The Consumer Price Index (CPI), a critical barometer of inflation and purchasing trends, has held steady, according to the latest data. The CPI measures the change in the price of...
Inflation came in slightly above expectations and bond investors are demanding more yield to make the bet on the longer term. The trigger was fresh inflation data that showed prices are growing at a level higher than expected. The consumer price index climbed 2.4% year over year in September versus expectations of 2.3%.
U.S. stock futures were pointing to a negative open on Thursday. Investors will be watching for the fallout from Hurricane Milton and are awaiting the release of U.S. inflation data. Federal Reserve officials debated whether to lower interest rates by a quarter or half of a percentage point last month, according to the minutes from the Federal Open Market Committee’s Sept. 17-18 meeting, which were published on Wednesday afternoon.
The average contract rate on a 30-year fixed-rate mortgage rose 22 basis points in the week ended Oct. 4, the Mortgage Bankers Association said on Wednesday. The last time it rose that much was in July 2023, when the Fed was still increasing interest rates in its battle to bring down inflation. Mortgage rates had peaked in October 2023, near 8%, and by the time of the Fed's September policy-setting meeting had fallen by more than 1.75 percentage points in anticipation of the Fed's pivot to policy easing.
The Energy Information Administration (EIA) has reported a significant increase in Crude Oil Inventories, indicating a potential shift in the market dynamics of the petroleum...
The latest data on wholesale inventories has been released, showing a marginal decrease. The actual figure came in at 0.1%, down from the forecasted and previous figure of...
U.S. stock markets were set to open in the red on Wednesday, giving back some gains from the previous session’s tech-led rally. Attention will be on continued volatility in Chinese markets and the release of minutes from the Federal Reserve’s September meeting. Dow Jones Industrial Average futures were down 29 points, or 0.1%.
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-- China’s trade balance grew more than expected in August as the country’s export industries shrugged off pressure from trade restrictions imposed by the U.S. and its...
-- Australian consumer sentiment worsened in early-September, a private survey showed on Tuesday, as consumers grew more concerned over a potentially harder landing...