CPI

A chorus of economists now loudly predicts that the Federal Reserve will soon begin cutting interest rates following the latest cooler-than-expected inflation report. In June, the Consumer Price Index (CPI) measured by the Bureau of Labor Statistics rose by 3% year-over-year, dropping from May's...

The Consumer Price Index in the United States slowed more than expected in June, providing further signs of progress Thursday toward returning to the Federal Reserve’s 2% inflation target and maintaining high expectations for a near-term kickoff of interest rate cuts. Last month, the average...

Federal Reserve Chair Jerome Powell painted a very clear picture of what needs to happen before the central bank lowers rates during the second day of testimony in front of Congress. What To Know: Powell kicked off his semiannual testimony before the Senate Banking Committee on Tuesday. He began...

Thursday’s inflation report is expected to show that prices have ebbed in June as consumers face heavy financial burdens in paying more for necessities such as food, gas and rent. Economists predict the Consumer Price Index (CPI), which tracks prices on items such as gasoline, health care,...

Economists and experts expect June inflation to come in lower than past months when the Consumer Price Index is reported on Thursday. While inflation is dropping in recent reports, consumers continue to see higher costs than in past months and years. What Happened: Wall Street economists expect...

Following the latest weaker-than-expected inflation reports, investors are eagerly awaiting June Consumer Price Index (CPI) report this Thursday to strengthen their expectations of interest rate cuts. While Federal Reserve Chair Jerome Powell reiterated Tuesday it won’t be appropriate to cut...

Bitcoin (CRYPTO: BTC) traders are hopeful that macroeconomic data could extend the relief rally and halt the crypto king’s recent slide below $60,000. What Happened: Crypto analyst Michaёl van de Poppe predicted a positive week for Bitcoin in his latest post, pointing to several catalysts:...

One of the most hawkish investment firms on Wall Street might soon revise its estimates and anticipate an earlier rate cut from the Federal Reserve if June’s new inflation figures confirm another unmistakable signal of a return towards the 2% target. Despite recent benign inflation reports,...

The impact of inflation on everyday items doesn’t take a vacation, and many Americans will witness rising prices during their Independence Day celebrations. A basket of products for the traditional Fourth of July cookout will reach its highest level ever recorded, according to a survey run by...

By RoboForex Analytical Department The EUR/USD pair is holding steady around 1.0805 on Thursday, following a surge in volatility the previous evening. The Federal Reserve concluded its meeting with a neutral stance, maintaining the interest rate at 5.25% per annum as anticipated. The Fed's...

A lower-than-expected inflation report for May ignited a bullish frenzy on Wall Street, with investors increasing their bets on rate cuts, bolstered by growing confidence that the Federal Reserve will ease its policy stance later this year as price pressures trend towards the 2% target. The...

May’s inflation report was cooler than economists had predicted, boosting confidence in the Federal Reserve’s ability to steer the annual price index variation back toward its 2% target. The headline inflation rate decelerated to 3.3% year-over-year in May 2024, down from the previous...

To gain an edge, this is what you need to know today. Cooler CPI Please click here for an enlarged chart of SPDR S&P 500 ETF Trust (ARCA:SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the following: The chart shows the stock market taking another leg up on...

To gain an edge, this is what you need to know today. CPI And FOMC Ahead Please click here for an enlarged chart of iShares 20+ Year Treasury Bond ETF (NASDAQ: TLT). Note the following: The direction of bonds tomorrow will likely determine the direction of the stock market. The chart shows TLT is...

For the first time since June 2020, the Consumer Price Index (CPI) report will be released on the same day as the Federal Open Market Committee (FOMC) meeting. This sets up a potentially volatile Wednesday for financial markets. Following three consecutive months of higher-than-expected inflation...