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Core Inflation

All articles tagged with #core inflation

Energy surge lifts March CPI as core inflation remains restrained
economy1 day ago

Energy surge lifts March CPI as core inflation remains restrained

March CPI rose 0.9% to 3.3% year over year, led by a 21.2% spike in gasoline and a 10.9% jump in energy from the Iran conflict; core CPI gained 0.2% for the month and 2.6% annually, signaling contained underlying inflation, with pockets of price declines in medical care, personal care, and used cars. Services excluding energy rose 0.2% and shelter 0.3%. Energy pressures eased in April after a U.S.–Iran cease-fire, and markets expect the Fed to remain patient while watching the broader inflation path toward its target.

via CNBC|
#core-inflation#cpi#economy
Core inflation remains at 3% as pre-war data show softer demand and slower growth
economy2 days ago

Core inflation remains at 3% as pre-war data show softer demand and slower growth

February core PCE rose 3% and headline inflation 2.8%, while consumer spending fell 0.1% and personal income rose 0.4%. GDP for Q4 was revised down to 0.5% growth (down from 0.7%), driven by weaker investment and lower real final sales. The report suggests stagflation pressures even before the Iran conflict boosts energy prices, with Fed officials expected to keep rates on hold as inflation remains above target.

via CNBC|
#core-inflation#economy#energy-prices
Bond yields slide as cooler core inflation boosts bets on slower Fed tightening
markets2 months ago

Bond yields slide as cooler core inflation boosts bets on slower Fed tightening

U.S. Treasuries rallied after December's core inflation rose 0.2% month-on-month and 2.6% year-on-year, slightly below expectations, driving the 10-year yield down to about 4.175% (hit 4.156% intraday) while the 2-year slid to roughly 3.528% and the 30-year to 4.832%. Markets price in two 25-basis-point Fed cuts this year beginning in June as inflation trends decline and the labor market slows, though larger policy moves depend on ongoing data and the DOJ investigation into Powell’s renovations, which he says could influence the central bank’s decisions.

via CNBC|
#core-inflation#cpi#fed-expectations
US Inflation Remains Steady as Consumer Spending Continues
economy7 months ago

US Inflation Remains Steady as Consumer Spending Continues

The US inflation gauge remained steady in July at 2.6%, with core inflation slightly rising to 2.9%, indicating persistent inflation above the Fed's 2% target. Consumer spending increased significantly, and incomes rose, supporting the likelihood of a rate cut by the Fed next month, despite political pressure from President Trump to lower interest rates.

via Yahoo Finance|
#consumer-spending#core-inflation#economy
Eurozone Inflation Eases, Paving the Way for June Rate Cut
economics2 years ago

Eurozone Inflation Eases, Paving the Way for June Rate Cut

In the eurozone, annual inflation eased to 2.4 percent in March, nearing the European Central Bank's 2 percent target, with core inflation dropping to 2.9 percent. This supports the possibility of future interest rate cuts, although analysts believe the central bank will wait for more evidence of the cooling trend before taking action. In the United States, inflation has also cooled, prompting caution from the Federal Reserve on potential interest rate cuts, while the Bank of England has maintained relatively high rates amid signs of moderating inflation in Britain.

via The New York Times|
#core-inflation#economics#european-central-bank
Euro Zone Inflation Eases as Core Figures Disappoint, Boosting Hope for Early ECB Rate Cut
economics2 years ago

Euro Zone Inflation Eases as Core Figures Disappoint, Boosting Hope for Early ECB Rate Cut

Euro zone headline inflation slightly eased in January as expected, with annual price rises at 2.8%, while core inflation declined to 3.3%. Services inflation held steady at 4%, and disinflationary effects from the energy market continued to reduce. Economic growth in the euro zone has been stagnating, with Germany's GDP contracting by 0.3% in the fourth quarter. The European Central Bank is monitoring data to determine when to bring interest rates down from their current record highs, with some policymakers suggesting cuts may occur in the summer or later.

via CNBC|
#core-inflation#economic-growth#economics
"December 2023: US Consumers Benefit from Falling Inflation and Goods Prices"
economics2 years ago

"December 2023: US Consumers Benefit from Falling Inflation and Goods Prices"

Bloomberg Economics anticipates that the upcoming US consumer price index (CPI) report will likely reveal soft inflation, primarily attributed to further declines in the goods sector, with the core consumer price index, excluding food and energy, expected to have risen by just 0.2% in December, aligning with the Federal Reserve's efforts to curb inflation.

via Bloomberg|
#bloomberg-economics#core-inflation#economics
Euro zone inflation disappoints, sinking below expectations
economy2 years ago

Euro zone inflation disappoints, sinking below expectations

Euro zone inflation dropped to 2.4% in November, below expectations of 2.7%, while core inflation fell from 4.2% to 3.6%. The European Central Bank remains cautious about declaring victory over price rises as they monitor potential pressures from wage increases and energy markets. Inflation in Germany and France also decreased to 2.3% and 3.8% respectively. Traders may bring forward expectations for the first ECB rate cut, but concerns over labor market tightness suggest rate cuts may come later. Unemployment in the euro area remained at a record low of 6.5% in October despite a contraction in the euro zone economy in Q3.

via CNBC|
#core-inflation#economy#euro-zone