Tag: U.S. consumers

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...

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...

The latest consumer sentiment survey from the University of Michigan showed that U.S. consumers are expecting inflation to be 3.1% in a year; a rapid decline from the 4.5% expected last month. This is the strongest consumer confidence exhibited since March 2021, just slightly...

U.S. economic growth for the third quarter of 2023 hit 5.2% on an annual basis, outperforming the government's expectation of 4.9% growth. This is a sharp rise from the 2.1% economic growth attained from April through June as well as the largest U.S. GDP...

Investors are shifting their focus to the release of Thursday's Personal Consumption Expenditures (PCE) report. The Federal Reserve's preferred inflation measure, this report is expected to provide a major insight into the central bank's next policy decision. Economists are expecting October's PCE report to show...

The October Consumer Price Index (CPI) report is due to be released on Tuesday, with investors expecting it to play a major role in influencing the Federal Reserve's next interest rate decision in December. Markets are expecting the CPI report to show a headline inflation...