CPI

Minutes from the latest Federal Open Market Committee (FOMC) meeting in March underscore escalating uncertainties regarding the future of inflation among various Fed members, intensifying concerns about interest rates on a day marked by another unforeseen uptick in the consumer price index. March...

An inflation surprise greeted investors on Wednesday, sparking significant apprehension about the future of interest rates. The discussion regarding Fed rate cuts seems to be postponed for the time being following a surge in the inflation rate to 3.5% in March 2024, surpassing estimates of a 3.4%...

A fresh unexpected surge in inflation blindsided markets, shattering hopes for imminent Fed rate cuts and sending stocks down across the board. In March 2024, the annual Consumer Price Index (CPI) inflation rate surged to 3.5%, up from February’s 3.2%, surpassing expectations set at 3.4%....

Today, we got the March Consumer Price Index (CPI) report which showed an overall increase  of 3.5% unadjusted in the last year and 0.4% vs last month. That’s above last month’s 3.2% and  expectations of 3.4%. The 0.4% monthly increase annualizes to 4.9%. The Core CPI which...

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...

Bitcoin (CRYPTO: BTC) dropped by 4.4% on Wednesday morning following a higher-than-expected Consumer Price Index (CPI) report for March. What Happened: The CPI for March rose 0.4% on a monthly basis, exceeding the projected 0.3% increase and February’s 0.4%. The year-over-year CPI was up 3.5...

Editor’s note: This story has been updated with additional details. Inflation in the United States surged again in March, surpassing economist expectations and disappointing investors who were anticipating imminent cuts in Federal Reserve interest rates. The annual inflation rate calculated...

A bond trader has just placed a record-breaking single bet by going long on December 2024 short-term interest rate futures. This strategy will pay off if the Federal Reserve cuts interest rates at least three times by the end of the year, a scenario that is not yet fully priced into the market...

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%,...

Stocks edged lower during midday trading on Tuesday as traders maintained a cautious stance in anticipation of the highly awaited Consumer Price Index (CPI) report scheduled for Wednesday, which could offer crucial insights into the potential course of actions by the Fed. The consensus expectation...

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...

This wasn’t a good week for the “pivot” people and asset gatherers who have been begging the Federal Reserve for lower rates. We got a higher-than-expected CPI and PPI. Making things worse, the short-term monthly numbers have started to accelerate meaning the disinflation story...

Bitcoin (CRYPTO: BTC) experienced a downturn, dropping to as low as $66,952 early Friday morning. The decline comes after the latest U.S. economic data, raising concerns about persistent inflation. What Happened: The price of Bitcoin, as recorded by CoinMarketCap, fell swiftly from...

If Fed Chair Jerome Powell had signaled a desire for increased confidence in inflation descending towards the 2% target, this week’s two inflation reports would undoubtedly have left him disappointed. In February, price pressures in the U.S. economy surged unexpectedly, challenging the...

Editor’s Note: This article has been updated to include new information on price changes for specific items such as diesel fuel and chicken eggs, alongside hay and hayseeds prices. Producer prices in the United States rose more than expected in February, echoing a similar trend observed the...