CPI

Bitcoin‘s (CRYPTO: BTC) price took a tumble on Tuesday, raising questions about the cause of the sudden drop and its future trajectory. What Happened: While some analysts are calling it a “scam dump,” others see it as a potential buying opportunity ahead of a key week for the...

DKI stock pick, AuthID, announces 1Q revenue almost as high as all of 2023. Guidance indicates they expect quarterly revenue to double this year. They still need to announce new contracts, but the year is off to an excellent start. Lyn Alden @LynAldenContact makes a brilliant point explaining...

The U.S. Bureau of Labor Statistics accidentally released critical inflation data for April 30 minutes early on Wednesday. Yet, in a twist fit for a financial thriller, the sleeping investors failed to capitalize on this advance peek, missing out on what could have been a golden opportunity to...

European and US futures are trading cautiously higher as traders wait for the most important economic data for this week, which is the US CPI number. Yesterday, the Fed Chairman, Jerome Powell, displayed his disappointments with respect to inflation and especially its progress over the last few...

To gain an edge, this is what you need to know today. Cooler Inflation Data 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 that the stock market is...

Traders woke up on Wednesday to new updates on last month’s inflation and retail sales trends, indicating slowing price pressures and a weaker-than-expected consumer spending in the U.S. As a reminder, the headline inflation rate slowed as predicted from 3.5% to 3.4% year-on-year in April...

Today, we got the April Consumer Price Index (CPI) report which showed an overall increase of 3.4% unadjusted in the last year and 0.3% vs last month. That’s slightly below last month’s 3.5%  and in-line with expectations of 3.4%. The 0.3% monthly increase was below the 0.4%...

Editor’s Note: Article has been updated with additional information. A softer-than-expected April inflation report and cooler retail sales data sparked broad-based rallies in risky assets Wednesday, as traders grew more confident in the likelihood of Fed rate cuts this year. Both the S&P...

Editor’s note: This story has been updated with additional details. U.S. inflation data for April came in broadly in line with analyst estimates Wednesday, breaking a concerning three-month streak of higher-than-expected readings and reigniting hopes for a return to the Federal Reserve...

By RoboForex Analytical Department The EUR/USD pair reached a five-week high at 1.0822, buoyed by positive market sentiment ahead of today's crucial US Consumer Price Index (CPI) data release. The report is expected to show a 0.3% month-on-month increase in inflation for April, a slight...

Following three consecutive releases of inflation rates surpassing expectations, traders are anxiously awaiting the April Consumer Price Index (CPI) report, set to be released by the Bureau of Labor Statistics this Wednesday. Analysts foresee a drop in both the overall Consumer Price Index (CPI)...

I've been mostly bullish this year. Lately, I've been saying to subscribers I have a building concern if May 15th is not a low CPI print then I think there's market risk. I lean that it can be a high CPI print (again) that hits markets. That's what I think. But we'll have...

Renowned economist Peter Schiff has expressed skepticism over Federal Reserve Chair Jerome Powell’s dismissal of stagflation concerns. What Happened: In a post on X, formerly Twitter, on Wednesday, Schiff criticized Powell’s inability to recognize the signs of stagflation. He compared...

This was a big week for connected events. The increase in the CPI was a surprise to the disinflation crowd that’s been screaming for lower interest rates for almost two years. Higher CPI leads to higher for longer interest rates which pushes up the dollar against the yen. That’s about...

Carson Group chief market strategist Ryan Detrick isn’t worried about the stock market after March's consumer price index (CPI) report came in hotter than expected. "CPI freaked everybody out the other day, yes a big part of it is shelter," Detrick said in a Friday appearance on Benzinga's...