CPI

The Consumer Price Index (CPI) was up 8.3% in August and remains at multi-decade highs despite the best efforts of the Federal Reserve to get inflation under control. On Friday, Bank of America economist Michael Gapen raised his near-term outlook for CPI inflation and said it may take a little bit...

Apple, Inc (NASDAQ: AAPL) plunged almost 6% on Tuesday, leading the markets lower. Big tech was hit hard, causing the S&P 500 to close down 4.32%, the largest single day decline since June 11, 2020, shortly after the COVID-19 pandemic gripped the globe. The sharp decline was a bearish reaction...

Microsoft Corporation (NASDAQ: MSFT) was sliding almost 4% lower on Tuesday in sympathy with the general markets, which saw the S&P 500 gap down and plunge about 3% lower. The sharp decline was a bearish reaction to consumer price index (CPI) data released by the U.S. Labor Department, which...

The SPDR S&P 500 (NYSE: SPY) is moving lower Tuesday morning after the Labor Department reported an 8.3% year-over-year increase in the consumer price index for August, another sign that inflation may have peaked in June. What Happened: According to data from the U.S. Bureau of...

US dollar bulls have seemingly halted their ascension as they wait for the US inflation data that is due this Tuesday.   The market is predicting that August's headline CPI may edge lower by 0.1%, further strengthening the case that US inflation has peaked.   Even so,...

Let’s dive into the two key components in the Consumer Price Index (CPI) that have seen the most inflationary pressures since the year began, and even more so on a 12-month unadjusted basis: gasoline, +44%; oil, +75.6%. What Happened: Fundstrat’s Managing Partner Tom Lee ...

According to data from the U.S. Department of Labor issued on Wednesday, consumer price index (CPI) topline inflation remained flat — although it showed an 8.5% increase from one year ago. What Happened: Core prices increased at a 0.3% annual rate in July and 5.9% over the previous 12 months...

In the month of June, U.S. households faced inflationary pressures not seen since the 1980s, causing consumers to spend more money on fewer goods. What Happened: On Friday, the Bureau of Economic Analysis reported a 1.1% increase in consumer spending, which correlates with the highest consumer...

Benzinga’s Money Mitch had the opportunity to catch up with Great Hill Capital's chairman and managing member Thomas Hayes on Benzinga’s Stock Market Movers on Thursday. Hayes, who is routinely on Fox Business TV, Yahoo! Finance, Bloomberg and CNBC, was on to speak about the...

As we head into hump day, the U.S. Bureau Of Labor Statistics will be reporting the consumer price index for June at 8:30 a.m. EDT on July 13. June CPI Preview: Economists surveyed by Bloomberg reported that they expect consumer prices in June to rise 8.8% from a year ago, adding that this would...

This story was originally published June 14, 2022.  The Federal Reserve is expected to raise interest rates by 1.5% by the end of July. With the SPDR S&P 500 ETF Trust (NYSE: SPY) down more than 20% from its highs, money market accounts may soon become more attractive to investors and...

The SPDR S&P 500 (NYSE: SPY) gapped down 1.63% on Friday after new Consumer Price Index (CPI) data released by the Labor Department showed the Federal Reserve is losing the fight against inflation. The CPI increased 8.6% before adjustment over the past 12-month period, coming in almost half a...

The Labor Department reported the consumer price index (CPI) jumped 8.5% year-over-year in March, the highest monthly inflation growth in more than 40 years. The three largest contributors to that inflation surge were gasoline, shelter and food, three expenses the average American can't do...

Benzinga debuted a new show on its YouTube channel one week ago. The show features the top ten events of the previous trading week. Here are the top ten stock market moving headlines of the past week. 10. Retail Sales Dip: The markets traded lower on the week on the heels of retail sales dropping 1...

The Consumer Price Index increased .5% in July after rising .9% in June, and, in general, prices of all items rose 5.4% over the last year, according to the most recent Bureau of Labor Statistics report. What Happened: All indexed items increased in price, including shelter, food, energy and new...