August's Consumer Price Index (CPI) data came in-line with economist estimates. However, there was a slight surprise in the core CPI print — a measure that...
with economist estimates . However, there was a slight surprise in the core CPI print — a measure that leaves out food and energy costs— which
Hey Jennifer, indeed, one of the last pieces of data and that fresh reading on consumer prices this morning likely to keep the federal reserve on track to cut rates by 25 basis points. You look at the data for today, the index for Shelter rose half a percent for the month of August and that was the major culprit in keeping inflation elevated this data taking odds of a 50 basis point rate cut off the table.Investors now betting on a 25 basis point rate cut uh Now at 85% odds I should say um risen on the back of this data.back in the first quarter, inflation looked like it was stalling.
Finally, given the path for inflation, given that the job market is cooling but not in a recession and that the economic growth is perhaps slowing but not contracting that likely keeps the fed on track for 325 basis point rate cuts for the remaining policy meetings for this year, including next week's guys.
Federal Reserve Inflation Report Consumer Price Index
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
August CPI solidifies 25bps cut from Fed: BMO economistThe latest Consumer Price Index (CPI) reading came in line with economist expectations for August, with prices rising 0.2% month-over-month and 2.5% year...
Read more »
August jobs data may sway Fed's September plans: Fmr. Fed CEOInvestors are anticipating a potential Federal Reserve interest rate cut in September, though the future of monetary policy remains uncertain. Goldman Sachs ...
Read more »
Markets set to gauge strength of consumer on CPI, retail dataEquities (^DJI, ^IXIC, ^GSPC) and the bond market (^TYX, ^TNX, ^FVX) are fickle over the uncertainty surrounding this week's economic data ahead of the...
Read more »
US consumer confidence rises in AugustU.S. consumer confidence rose in August, but Americans are becoming more anxious about the labor market. The Conference Board said on Tuesday its consumer...
Read more »
Inflation: Consumer price increases ticked lower in August as investors eye September rate cutThe Consumer Price Index (CPI) increased 2.5% over the prior year in August, which was a deceleration compared to July's 2.9% annual gain in prices.
Read more »
GameStop earnings, Google & Apple, August CPI: What to WatchGameStop (GME), Adobe (ADBE), Lennar (LEN), and Oracle (ORCL) are among the corporate names set to release their earnings next week. Alphabet's Google (GOOG,...
Read more »