Consumer Price Index Comes in Hotter in March
The US Bureau of Labor Statistics released the Consumer Price Index report for March, with inflation appearing to be back on the rise. The CPI rose 0.4% compared to the previous month while gaining 3.5% compared to the same month in 2023.
Both CPI...
Futures Stall as Markets Await Fresh Inflation Data
Futures on the New York Stock Exchange remained stagnant during early trading on Monday as investors cautiously await inflation data to be released later in the week. With the Consumer Price Index (CPI) set to be released on Wednesday, markets will be waiting to...
Stubborn CPI Reading Unlikely to Affect Fed Rate Cuts
February's Consumer Price Index (CPI) came out on Tuesday, showing that prices rose by 0.4% over the previous month and 3.2% over the previous year. "Core" CPI, which excludes volatile components including food and gas, climbed 0.4% higher compared to January, while on an...
U.S. Stocks Cool Amid Investor Anxiety Over CPI
Stocks on the New York Stock Exchange started the week lower as investors turned their attention to the latest Consumer Price Index report later in the week. Equities were lower after the release of February's jobs report, with hiring remaining strong as the unemployment...
Stock Futures Rise Following CPI Inflation Data
U.S. equity futures rose on Wednesday after inflation data from the previous day came in hotter than expected. January's Consumer Price Index rose 3.1% on an annual basis, with a 0.3% increase from the previous month. This has lowered investors' expectations for an interest...
Bonds Hit Two-Month High Ahead of Inflation Data
Bonds wrapped up the week at an almost two-month high after recovering from a dip following modest inflation figures last week. The benchmark 10-year Treasury yields hit 4.195%, their highest level since January 25, while two-year notes hit 4.499%; the highest level since December...