CPI

Edward Snowden recently expressed his criticism towards economists and intellectuals for their perspective on the current economic situation, amidst rising inflation rates. What Happened: On Tuesday, the former defense contractor took to X, formerly Twitter, to voice his disapproval of economists...

It was a mixed morning on Wall Street, with major U.S. indices recording gains, primarily due to a tech outperformance, although losses emerged on bonds, gold, and Bitcoin following a stronger-than-expected inflation report. The S&P 500 index rose by 0.9%, while the tech-heavy Nasdaq 100...

To gain an edge, this is what you need to know today. Hotter Inflation  Please click here for an enlarged version of the chart of SPDR S&P 500 ETF Trust (ARCA:SPY) which represents the benchmark stock market index S&P 500 (SPX). Note the following: The chart shows that the stock...

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 U.S. consumer price index exceeded expectations in February, mirroring the robust performance seen in January and casting doubt on the imminent commencement of interest rate cuts by the Federal Reserve. In February 2024, the inflation rate climbed to 3.2% compared to the previous year, as...

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...

The stock market could be on the verge of a significant shift, with a crucial inflation report potentially triggering the next major sell-off, according to Tom Lee, the head of research at Fundstrat. What Happened: The February Consumer Price Index (CPI) report, scheduled for release on Mar. 12,...

In a Sunday post on X, formerly Twitter, economist Paul Krugman called out blockchain-backed inflation tracking site Truflation for its consistently lower inflation numbers compared to the Bureau of Labor Statistics (BLS). What Happened: Krugman, in his tweet, questioned the utility of Truflation...

The Opposite Day Issue This week, economic data decided to pull a George Costanza and do the opposite of everything it has been doing. DKI has highlighted the trend of inconsistent data in recent months, and this week, many of those inconsistent trends reversed. Confusing? Don’t worry, we...

Despite a pair of unexpectedly high inflation reports last week, Goldman Sachs analysts Spencer Hill,CFA and Ronnie Walker maintain their outlook for a steady return to the Federal Reserve’s 2% inflation target and anticipate rate cuts as early as the first half of this year. In a note shared...

The S&P 500 and Nasdaq 100 both halted their five-week winning streak on Friday, prompted by two inflation reports that were hotter than expected, giving fuel to concerns the Federal Reserve might delay interest rate cuts. Earlier in the week, the Consumer Price Index report revealed an annual...

Are you wondering how the Consumer Price Index (CPI) relates to inflation and what it means for the Federal Reserve's decision to cut interest rates? Look no further. In this article, we will delve into the intricate relationship between CPI and inflation, and why the Fed might not be rushing...

The yields on U.S. Treasury notes have almost entirely retraced their surge following the release of the hotter-than-expected January inflation report. This indicates a swift shift in investor sentiment amidst conflicting economic indicators. The 10-year Treasury note saw a decrease to 4.21%...

The Magnificent Seven stocks experienced a sharp plunge in market value Tuesday, shedding over $250 billion in value a single session as hotter-than-expected inflation data sparked a widespread sell-off in U.S. stocks. The group, which includes heavyweights Microsoft Corp. (NYSE:MSFT), Apple Inc. (...

The cryptocurrency market experienced a sharp downturn on Tuesday, mirroring a broader sell-off across financial markets triggered by hotter-than-expected inflation data. Bitcoin (CRYPTO: BTC), which just a day earlier had breached the $50,000 mark, plunged 3% to $48,535.17. The catalyst for the...