CPI

The most notable event in the market the past week is the shocking revelation that investors are, in fact, capable of selling Treasury bonds still. The 10-year yield is steadily inching its way higher after making what looks like a short-term double bottom just above 1.1%. Now at 1.34%, the yield...

U.S. stocks rallied to a fresh intraday record high yesterday after investors realized the punchbowl of stimulus is not going away anytime soon. U.S. inflation outperformed, and the market measured the hot CPI print as transitory in nature. Consumer prices surged 5% year-over-year in May as the...

The latest CPI numbers were released on May 12, showing a 0.8% increase in prices from the previous month. This number was well above the 0.2% that was expected, and it triggered a quick 2.5% loss in the S&P 500 and an even greater loss in the Nasdaq. Is the market terrified at the prospect of...

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.6% in June on a seasonally adjusted basis, rebounding after a 0.1% decrease in May, the Bureau of Labor and Statistics said in a Tuesday report.  What Happened: After months of a falling CPI, June saw the largest...

The Past Week, In A Nutshell What Happened: “It’s certainly been a wild ride for stocks in 2020,” noted researchers at LPL Financial. “Barely past the halfway point, the year has already brought the worst pandemic to hit the U.S. in over 100 years, an unprecedented...

The Emirati royal family has taken a stake in the Crypto Price Index (CPI) project, a cryptocurrency analog of the Dow Jones Industrial Average that operates on the blockchain. The development comes as the royal family believes that volatile and uncertain digital asset markets need...

As we head into day two of Jerome Powell’s testimony on Capitol Hill, the focus will shift from Fed dovishness and expectations for a rate cut later this month to inflation figures due out today and tomorrow. Yesterday, Powell in comments to the House stated, “uncertainties around trade...

Inflation edged only slightly higher in May, with prices up just 0.1%, a tiny uptick that will likely boost expectations for an interest rate cut by the Federal Reserve. The Bureau of Labor Statistics said the Consumer Price Index for All Urban Consumers increased 0.1% in the month on a seasonally...

The U.S. Producer Price Index (PPI), which tracks final demand for products and services, rose 0.1 percent in February representing a modest deceleration and estimate miss, according to the Bureau of Labor Statistics. Meanwhile, rising costs of food, gas and rent drove a 0.2-percent rise in...

The food industry is facing a deflationary environment, weighing on supermarket chain Kroger Co (NYSE: KR)'s stock price over the past three months. Shares have fallen nearly 14 percent over the past 90 days.   According to recent CPI Food-at-Home data, grocery-level deflation...

China's producer prices fell for the 48th straight month due to China's economic slowdown and oversupply in various industries, while the CPI clocked a 2.3 percent increase. In February 2016, Producer Price Index (PPI) for manufactured goods decreased 0.3 percent month-on-month and decreased 4.9...

Investors and traders welcomed news of lower than expected inflation. The U.S. Labor Department monthly Consumer Price Index (CPI) data for October fell 0.10 percent, compared to an estimated flat reading. Year over year, the index is up 1.00 percent, in line with expectations. The Fed's target...

Futures Higher After Tapering Sell-Off U.S. equity futures rose in early Friday trade after a sell-off on Thursday driven by fears that the Federal Reserve will begin reeling in its asset purchases in September. Also, weak sales guidance from Cisco (NASDAQ: CSCO) and Wal-Mart (NYSE: WMT)...

Futures Lower After Cisco Earnings, Weaker Dollar U.S. equity futures traded slightly lower in early pre-market trade following some weak guidance from Cisco (NASDAQ: CSCO) for the upcoming quarter and as the dollar traded lower. Also, some weak earnings in Europe weighed on sentiment. Top News...