A new report on inflation is due this morning. Economists surveyed by Bloomberg forecast that the annual rate of price increases will slow to 6.2% in ...
The next CPI report is due on March 14.] [What is the current inflation rate?] [The current rate of inflation is 6.5% on annual basis. [Causes of inflation ] [A variety of factors are contributing to the high level of inflation Americans have been experiencing for over a year. It measures changes in how much the average urban American consumer pays across the board for goods and services over a given period of time.] [Core CPI ] [Core CPI is a measure of the change in consumer prices excluding energy and food which are generally the most volatile components of CPI. [Fed's latest decision](https://www.usatoday.com/story/money/economy/2023/02/01/federal-reserve-interest-rate-decision-meeting-live-updates/11135680002/), anticipating that the central bank was closer to pausing rate hikes. Economists expect core CPI for January to drop to 5.5% on an annual basis from 5.7% in December. These revisions resulted from annual adjustments the BLS makes to account for seasonal variation in CPI data. These adjustments correct for price changes that correspond to seasonal demand. It also found that prices rose by 0.2% in November versus the previously reported 0.1% increase. [Dow futures] [Futures trading for the Dow Jones Industrial Average are moving slightly higher leading up to the report's release. Economists surveyed by Bloomberg forecast that the annual rate of price increases will slow to 6.2% in January following a decline to 6.5% in December. [Fed 2023 schedule: ] [Here's when the Fed will meet again](https://www.usatoday.com/story/money/2022/12/13/federal-reserve-2023-meeting-schedule/10887436002/) [Fed rate hike ] [The big question is what will this CPI report mean for the Fed. A new report on inflation is due this morning.
US consumer prices rose briskly at the start of the year, a sign of persistent inflationary pressures that could push the Federal Reserve to raise interest ...
A hotter-than-expected US inflation rate stoked worries of an even higher Federal Reserve for a longer period of time, causing US stock index futures to ...
The US annual inflation rate decreased from 6.5% in December to 6.4% in January 2023, which was less than market expectations of 6.2%. Markets have rallied on the back of cooling inflation and the hope that the Fed will turn dovish soon, with the S&P 500 up nearly 14% from its October lows. Earlier, the December estimated CPI was revised to show that prices increased rather than decreased during the month, and the University of Michigan’s Consumer Sentiment report revealed that people are becoming increasingly concerned about inflation. The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.5 percent in January on a seasonally adjusted basis, after increasing 0.1 percent in December, the U.S. For the first time, a new method to compute US CPI was used by the Bureau of Labor Statistics. A hotter-than-expected US inflation rate stoked worries of an even higher Federal Reserve for a longer period of time, causing US stock index futures to temporarily cross into negative territory on Tuesday.
Asian equities were mixed on light volumes in advance of today's US CPI release as markets appear to have caught onto the Fed's focus on inflation.
The Hang Seng and Hang Seng Tech fell -0.24% and -1.01% respectively on volume -12.85% from yesterday which is 77% of the 1-year average. Main Board short turnover fell -41.92% from yesterday which is 52% of the 1-year average as 12% of turnover was short turnover. CNY gained +0.04% versus the US dollar, Treasury bonds rallied, while copper and steel diverged. Shanghai, Shenzhen, and STAR were mixed +0.28%, -0.08%, and -0.13% respectively on volume -6.6% from yesterday which is 101% of the 1-year average. Shanghai managed a small gain +0.28% while the Shenzhen slipped -0.08% as value sectors outperformed in China as well. Value factors outpaced growth factors while small caps edged large caps by a small percentage. Top sub-sectors were petrochemical, chemical fiber, and soft drinks while catering tourism, telecom, and internet were among the worst. Worth noting, we are one of the top US owners of the Shenzhen listed stock, even more than one of the five largest US asset managers. Hang Seng closed above the 21k level as value sectors had a strong day in both markets. Remember Hong Kong Exchange, AIA, and Macao casino stocks are technically not Chinese companies due to their corporate domicile being in Hong Kong. Link REIT fell -1.37% after yesterday’s fall of -12.82% after announcing issuing more stock. Hong Kong’s most heavily traded were Tencent -2.07%, Alibaba HK -1.44%, Meituan -0.34%, and JD.com HK -1.83%.
Consumer prices accelerated in January suggesting that the Fed was far from pausing its interest rate hiking campaign.
US consumer price inflation slowed less than forecast in January on stubborn gains in energy and shelter, a sign the Federal Reserve is likely to keep ...
The core goods index rose by 0.1pc from the prior month, while services excluding energy services rose by 0.5pc after a 0.6pc gain in December.
In the 12 months through January, the food index increased by 10.1pc, slowing from 10.4pc in December, while the shelter index rose by 7.9pc, accelerating from 7.5pc in December. The gasoline index increased by 1.5pc from a year earlier after a 1.5pc decline in December, and the fuel oil index rose on the year by 27.7pc after a 41.5pc gain in December.
The shelter index rose by 0.7pc from the prior month after a 0.8pc monthly gain in December.Over the 12-month period, the energy index increased by 8.7pc in January after a 7.3pc gain the prior month.
The energy index rose in January by 2pc from the prior month after a 3.1pc monthly decrease in December. Still, it was the slowest annual gain since October 2021.
So-called core inflation, which strips out more volatile energy and food costs, rose at a 5.6pc annual pace, down from the prior month's 5.7pc increase.
The slightly higher than forecast gain in consumer prices suggests the Fed is almost certain to hike its target rate by a quarter point at its next policy meeting in March, with another hike in May also possible. US consumer price inflation slowed less than forecast in January on stubborn gains in energy and shelter, a sign the Federal Reserve is likely to keep hiking its target rate to rein in price gains. The consumer price index (CPI) — which tracks prices of a basket of finished products and services — rose in January by 6.4pc from a year earlier, down from 6.5pc in December, the Bureau of Labor Statistics said today.
The US consumer price index rose at a rate of 6.4 per cent in January compared with a year earlier, a smaller decline than expected, in data that will ...
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Looking at USDJPY's chart, we can see that the FX pair is currently traded at around ¥132. Today if it holds the rate above the support level of aroun.
While the crypto market is dealing with its internal issues, external companies such as Siemens are setting their foot within the industry. Information presented herein is not to be construed as a solicitation or an offer to buy or sell any Financial Instrument or to participate in any trading strategy. The Aussie pair fails to capitalize on the hawkish remarks from RBA Governor Lowe. [USD/JPY News](https://www.fxstreet.com/news?q=usdjpy&hPP=17&idx=FxsIndexPro&p=0) [Gold rebound appears elusive below $1,880](https://www.fxstreet.com/markets/commodities/metals/gold) AUD/USD is under pressure, heading toward 0.6950 in the Asian session this Wednesday. Looking at USDJPY’s chart, we can see that the FX pair is currently traded at around ¥132.