US consumer prices saw a surprising slowdown in April, easing inflation concerns and affecting market sentiments. Dive into the latest CPI data and its impact on the economy.
In a recent turn of events, US consumer prices rose less than expected in April, indicating a shift in the inflation trajectory for the second quarter. The core CPI also exhibited a slowing trend, calming fears surrounding escalating price levels. This moderation in CPI inflation, coupled with a cooling of retail sales, has ignited hopes for potential Fed rate cuts and propelled the S&P 500 towards a new record high.
The CPI report for April revealed a notable easing of inflation to 3.4%, primarily influenced by the increase in gas prices and rents. This data highlights the intricate balance between consumer spending patterns and economic stability. As the market eagerly awaited the release of the April consumer price index data by the US Bureau of Labor Statistics, speculations and predictions swirled around the potential impact on investment decisions and monetary policies.
Amidst the economic fluctuations, the Dow Jones Industrial Average opened higher today following the disclosure of the 3.4% uptick in consumer inflation in April. The live updates on stock markets reflect the immediate responses to the CPI data, indicating the interconnectedness of economic indicators and investor behavior. The latest US inflation statistics depict a nuanced picture of market dynamics and the ever-changing landscape of financial forecasting.
**Interesting Fact**: The April CPI data showed a 0.3% increase, slightly softer than anticipated, hinting at the complex interplay of various factors influencing price levels.
**Did You Know?** US inflation in April 2024 followed a slight downward trend, resuming its decline to 3.4% after a marginal rise in March, as per the official US government data.
US CONSUMER prices increased less than expected in April, suggesting that inflation resumed its downward trend at the start of the second quarter in a boost ...
CPI inflation moderated and retail sales cooled in April, helping push the S&P 500 toward a new record on firmer hopes for Fed rate cuts.
Yearly inflation eased to 3.4% in April as gas prices and rent increased, CPI report says.
The April consumer price index data will be released today by the U.S. Bureau of Labor Statistics.
The consumer-price index for April is out. Follow along for live updates on stocks and other markets, including the Dow Jones Industrial Average, ...
WASHINGTON - U.S. consumer prices increased less than expected in April, suggesting that inflation resumed its downward trend at the start of the second ...
Consumer inflation rose 3.4% in April from a year earlier, according to fresh Labor Department data released this morning. Here are the high-level numbers, ...
The Bureau of Labor Statistics reported that the Consumer Price Index climbed 3.4% in April from year-ago levels—a tick downward from March's 3.5% rate.
US inflation: In the 12 months through April 2024, the CPI increased 3.4 per cent, which follows a 3.5 per cent rise in March, according to US govt data.
April's Consumer Price Index inflation report contains some signs that inflation could be easing. Still the Fed may want more data before interest rate ...
A measure of underlying US inflation cooled in April for the first time in six months, a small step in the right direction for Federal Reserve officials ...
The dollar slumped against major currencies on Wednesday after U.S. consumer prices in April showed inflation had resumed trending lower in the second ...
The US Dollar Index (DXY) is trading near 104.4 on Wednesday, showing sharp losses triggered by the softer-than-expected Consumer Price Index (CPI) and flat ...
A US move to raise tariffs on Chinese goods is a sign of weakness, not of strength, and shows that some in the United States may be “losing their minds”, ...
NEW YORK/LONDON :The dollar fell on Wednesday after U.S. consumer prices rose less than expected in April, indicating inflation has resumed a downward trend ...
Forex Analysis by Fawad Razaqzada covering: US Dollar Index Futures, US Dollar Index. Read Fawad Razaqzada's latest article on Investing.com.
After inflation proved “sticky” in the first quarter, with various reports containing housing prices and other data that remained stubbornly high, the market ...
Consumer price index increases 0.3% in April · CPI rises 3.4% year-on-year · Core CPI gains 0.3%; up 3.6% year-on-year · Retail sales unchanged; core sales drop ...
The USDJPY pair dropped sharply to 155.50 in early European trading on Wednesday, as the US Dollar extends its losing spell for the third trading session.
In the 12 months through April, the CPI increased 3.4% after climbing 3.5% in March. Economists polledby Reuters had forecast the CPI gaining 0.4% on the month ...
Wall Street notched record closes after data showed price growth moderated, bolstering investor hopes for interest rate cuts by the Federal Reserve.
NEW YORK :Global stock markets jumped while U.S. Treasury yields fell to five-week lows on Wednesday as data showed U.S. consumer prices rose less than ...
NEW YORK: Global stock markets rose to record highs while U.S. Treasury yields and the U.S. dollar fell on Wednesday as data showed U.S. consumer prices ...
All's well that ends well. US inflation came in line with expectations yesterday; core CPI fell for the first time in six months and the monthly CPI figure ...
Markets surged to record highs Wednesday after new data showed that inflation cooled in April after ticking up recently.
A look at the day ahead in U.S. and global markets from Mike Dolan. Markets seem to have got bored waiting for today's big U.S. inflation print and stocks ...
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Fed's Kashkari pushed back against market anticipation of rate cuts, repeating that rates need to stay high for longer. The US Dollar Index flirts with a 104.00 ...
Here's another bummer—core CPI monthly on the annualized basis is 3.6%. The three-month core CPIrose by 4.1% annualized. Both of these measures are slightly ...
Economic indices such as the Index of Industrial Production (IIP), Wholesale Price Index (WPI), and National Income are benchmarked to FY12.