Consumer Price Index

U.S. stocks experienced a rise on Tuesday following consecutive losses for the S&P 500 and Nasdaq. What Happened: This positive turn occurred despite a slightly warmer-than-expected February consumer price index. As per CNBC’s Jim Cramer, the market’s gains were largely unrelated...

Billionaire Ken Griffin, the CEO of Citadel, has voiced his concerns about the Federal Reserve’s approach to interest rate cuts, urging the central bank to proceed with caution. What Happened: Griffin, speaking at the International Futures Industry conference in Boca Raton, Florida, on...

The U.S. consumer price index exceeded expectations in February, mirroring the robust performance seen in January and casting doubt on the imminent commencement of interest rate cuts by the Federal Reserve. In February 2024, the inflation rate climbed to 3.2% compared to the previous year, as...

The January inflation report delivered an unsettling surprise to investors Tuesday, indicating that price pressures remain more tenacious than anticipated. Despite a slight decrease from December’s 3.4% figure to 3.1% year-on-year, inflation exceeded forecasts, challenging the Federal Reserve...

The inflation rate dipped in January 2024, but missed the decline forecasted by economists. Overall price pressures increased at a 3.1% annual pace last month, data from the Bureau of Labor statistics showed Tuesday, representing a notable drop from the previous reading but coming in higher than...

Consumer Price Index inflation adjustments for the final quarter of 2023 remained unchanged at 3.3%, the Bureau of Labor Statistics said Friday. There were minor revisions in the month-over-month rates, which overall show a hint of stability as markets gear up for the forthcoming January CPI...

Inflation overshot expectations in December and raised the question of whether the Federal Reserve’s dovish pivot at its last policy meeting might have been too soon. It’s been a tough slog for the Fed to get inflation back down to its 2% target and, as long distance runners know, it...

Inflation accelerated again in December, surpassing analyst expectations and challenging market expectations for interest rate cuts by the Federal Reserve in early 2024. According to the latest report from the Bureau of Labor Statistics, the Consumer Price Index (CPI) increased to 3.4% in...

In a recent tweet, Peter Schiff expressed concern over the declining U.S. Dollar Index and the Federal Reserve’s plans for interest rate cuts. Schiff’s tweet, posted on December 21, highlights the potential inflationary impact of these rate cuts, especially given the current technical...

Peter Schiff, a well-known economist, criticizes Federal Reserve Chair Jerome Powell for his apparent shift in stance on interest rate cuts. This comes after recent Federal Reserve meetings signaling potential rate reductions. What Happened: On Tuesday, Schiff took to X, formerly Twitter, to...

“Mad Money” host Jim Cramer highlighted the potential risk speculative buying poses to the ongoing market rally, warning investors of a potential market downfall. What Happened: Cramer, in his Tuesday night broadcast, unraveled the stages of the current market rally. He warned of the...

According to the latest Bureau of Labor Statistics report, the Consumer Price Index (CPI) edged down to an annual rate of 3.1% in November, aligning with market expectations. The inflation report comes right before the imminent start of the Federal Open Market Committee (FOMC) meeting, scheduled...

Few events capture as much attention and anticipation as the monthly inflation report, with investors scrutinizing these figures to gauge future interest rate decisions and guide portfolio adjustments. Rarely does an economic announcement hold as much significance as this Tuesday’s U.S....

The U.S. inflation rate in October 2023 decelerated to 3.2% year-over-year, down from the 3.7% observed in September and resuming a downward trend following a summer rebound. The figure showed a reduction in overall inflation pressure and fell more than economists’ expectations, which were...

This week was a roller coaster ride for the global economy, with the US debt situation raising red flags, economists predicting tough times due to the Israel conflict, and ongoing debates regarding inflation. Besides this, the trend of reshoring is gaining momentum, with manufacturing jobs...