Inflation Rate

Inflation flares up once more, scorching investors’ confidence and dashing hopes of imminent rate cuts as the latest Consumer Price Index (CPI) report surpasses expectations in March. While the headline annual inflation rate unexpectedly surges from 3.2% to 3.5%, primarily driven by...

Investors’ eyes are eagerly fixed on the March inflation data set to be released by the Bureau of Labor Statistics on Wednesday. According to the consensus among economists, the annual Consumer Price Index (CPI) inflation rate for March is expected to rise to 3.4%, up from the previous 3.2%,...

This week’s market spotlight is squarely fixed on the eagerly awaited Consumer Price Index (CPI) report for March, scheduled for release on Wednesday at 8:30 a.m. EST. Following two consecutive months of higher-than-expected inflation reports, which have tempered market expectations for...

U.S. manufacturing activity exceeded expectations in March 2024, achieving its fastest growth rate since September 2022. This has triggered an immediate rebound of the dollar, driven by a shift in expectations regarding interest rates, as traders now anticipate stronger economic data, potentially...

Investors are gearing up for the release of February’s Personal Consumption Expenditure (PCE) price index, the most anticipated economic data this week, set to drop at 08:30 AM on Friday. This inflation metric – the preferred one by the Federal Reserve – plays a crucial role in shaping...

Former U.S. Treasury Secretary Lawrence Summers has openly criticized the Federal Reserve’s indications of potential interest rate cuts in the near future, questioning the urgency of such decisions in light of a robust economy and persistent inflation concerns. During an appearance on...

The Federal Open Market Committee (FOMC) meeting is the pivotal event for the markets this week, possibly even the most crucial one of the entire first quarter of 2024. While the customary policy-meeting statement, set to be released at 2 p.m. on Wednesday, is expected to confirm a steady rate...

Investors are on the edge as the Federal Open Market Committee (FOMC) prepares for its pivotal meeting this Tuesday and Wednesday, marking the most significant market event of the first quarter of 2024. With the rate decision anticipated to hold steady, all eyes are intensely focused on the so-...

An inflation report showing higher-than-anticipated figures in February 2024, following a similarly hot January report, failed to unsettle investors on Tuesday morning trading. The consumer price index (CPI) for February rose by 3.2% compared to the previous year, slightly exceeding both prior...

The upcoming release of the U.S. Consumer Price Index (CPI) for February is poised to grab the market’s spotlight on Tuesday (March 12). This marks the final crucial piece of inflation data ahead of the Federal Reserve’s crucial rate-setting meeting scheduled for March 21, during which...

Wall Street exhaled a sigh of relief as the Federal Reserve’s favored gauge of inflation cooled as anticipated in January, quelling fears that an unexpected rise in the Consumer Price Index (CPI) might spill over into the Personal Consumption Expenditure (PCE) price index. At noon in New York...

This week’s economic spotlight shines on the highly anticipated release of the Personal Consumption Expenditure (PCE) price index for January, scheduled for Thursday. The significance of this index cannot be overstated, as it serves as the Federal Reserve’s preferred barometer for...

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances of $726,200 or less witnessed a further increase recently, reaching 7.06% for the week ending Feb. 16, 2024. It marks the highest point observed since early December, as reported by the Mortgage...

Investors are setting their sights on two pivotal events scheduled for Wednesday. At 2:00 p.m. ET, the Federal Reserve will release the minutes from its latest Federal Open Market Committee Meeting. Following the close of Wall Street’s trading session, Nvidia Corp., the S&P 500’s...

The week saw a flurry of economic news, with a strong focus on inflation and its potential implications for the Federal Reserve’s future actions. Former Treasury Secretary Larry Summers and ex-Home Depot Inc. CEO Bob Nardelli both chimed in on this topic, offering their insights on the...