CPI
2024 - 7 - 11CPI Inflation Drops, Sparking Rate-Cut Speculation and Stock Market Optimism
cpi data CPI - Federal Reserve - inflation - market trends - rate cuts - cpi dataUS consumer prices unexpectedly fell in June, setting the stage for potential rate cuts and market gains. Dive into the latest CPI data and its impact on the economy!
In a surprising turn of events, the Consumer Price Index (CPI) took a dip in June, marking the first decline in more than four years. This unexpected drop has fueled speculation around the Federal Reserve's decision to lower interest rates later this year, providing a glimmer of hope for economic recovery. The positive CPI report has sent S&P 500 futures soaring, with investors eagerly anticipating an extension of the winning streak.
The latest CPI data for June reveals a cool down in inflation, easing concerns and bolstering expectations for a potential Fed rate cut. Gas prices saw a significant decrease while rent prices continued to rise, creating a mixed bag of economic indicators. This development puts the spotlight on the Fed's upcoming decisions and their implications on market dynamics.
As market analysts eagerly await the upcoming CPI report, the bond market has seen a rally, hinting at the possibility of rate cuts in the near future. The disinflation trend, coupled with the lower-than-expected inflation rate, has further fueled expectations for a September Fed rate cut. Investors are closely monitoring these developments for signals of potential market shifts.
In response to the soft CPI figures, prominent investment banking firms such as Wells Fargo, ING, and Evercore ISI have indicated that a rate cut by the Federal Reserve is imminent. The decreasing inflation trend, coupled with market reactions, points towards a changing economic landscape where strategic decisions and cautious optimism reign supreme.
Inflation falls 0.1% in June from prior month, helping case for lower ... (CNBC)
The monthly inflation rate dipped for the first time in more than four years, providing further cover for the Fed to start lowering rates later this year.
Cool CPI Inflation Lifts Fed Rate-Cut Hopes; S&P 500 Futures Rise (Investor's Business Daily)
Consumer price index data in June look positive for the Federal Reserve rate-cut outlook. The S&P 500 is trying to extend a seven-session winning streak.
CPI Report Today: Inflation Cools to 3% Annual Rate; Prices Fell on ... (Barron's)
Follow live coverage of the June CPI inflation report. The Bureau of Labor Statistics published the data this morning.
Morning Bid: Countdown to CPI (Reuters)
A look at the day ahead in European and global markets from Tom Westbrook. No doubt there are some sore heads around the City today after Ollie Watkins' ...
Inflation slowed more than expected in June as gas prices fell, rent ... (USA TODAY)
Annual inflation slowed more than expected in June as gas prices dropped while rent rose again, the CPI report said.
US consumer prices unexpectedly fall in June (The Business Times)
US consumer prices unexpectedly fell, and the annual increase was the smallest in a year, reinforcing views that the disinflation trend was back on track ...
CPI Report Today: Inflation Slowed to 3% in June; Stock Futures Gain (The Wall Street Journal)
June's consumer-price index was released today showing inflation cooling more than expected. Follow live updates on stocks and other markets, including the ...
Yields Sink as CPI Puts September Fed-Cut in Play: Markets Wrap (Yahoo Finance)
(Bloomberg) -- The world's biggest bond market rallied as further signs of disinflation reinforced bets the Federal Reserve will be able to cut rates soon.
Soft US CPI Seen Tempering First-Quarter Inflation Scare (Bloomberg)
Soft US CPI Seen Tempering First-Quarter Inflation Scare · Inflation broadly cools, bolstering case for Fed rate cut · Hefty drop in gasoline index offsets rise ...
September rate cut incoming: Wall Street reacts to a soft CPI print (Yahoo Finance)
Several prominent investment banking advisory firms, including Wells Fargo, ING, and Evercore ISI, indicated that the Federal Reserve is now poised to lower ...
Interest rates: US CPI falls unexpectedly in June (The Australian Financial Review)
It was the second straight month of tame CPI readings, and could help to bolster confidence among officials at the US central bank that inflation was ...
The CPI fell in June. Great! But the Fed wants confirmation from its ... (Morningstar.com)
By Jeffry Bartash. The Fed could cut interest rates soon if the PCE index also shows slowing inflation. The first decline in consumer prices in four years ...
Take this great CPI news with a grain of salt (FXStreet)
By all accounts, the June Consumer Price Index (CPI) report was great news, but you might want to take it with a grain of salt.
Inflation Since 1872: A Long-Term Look at the CPI (advisorperspectives.com)
The Consumer Price Index for Urban Consumers (CPI-U) released for June puts the year-over-year inflation rate at 2.97%. The latest reading keeps inflation ...
Tame US June CPI smoothes path for Fed ease (Reuters)
U.S. consumer prices unexpectedly fell in June and the annual increase was the smallest in a year, reinforcing views that the disinflation trend was back on ...
Dollar falls sharply to 157 yen range after U.S. CPI data release (Kyodo News Plus)
The U.S. dollar fell sharply against the yen early July 11 in New York, dropping to around the mid-157 yen range from over 161 yen after the release of ...
USD/JPY outlook: Slumps after weaker than expected US CPI data (FXStreet)
USDJPY fell sharply after surprise drop in US inflation, falling 2.6% in immediate reaction to data and being one of top losers on Thursday.
Morning bid: Yen rallies: CPI short squeeze or intervention? (Yahoo Finance)
The yen surged across the board on Thursday in what may have been a perfectly timed round of Japanese intervention upon release of a tame U.S. inflation ...
Emerging-market currencies hit highest since May on US CPI data (The Business Times)
EMERGING-MARKET currencies jumped to their highest since May after US consumer prices unexpectedly fell in June, cementing bets that the Federal Reserve ...
Fed's Musalem says cooler CPI data is 'encouraging' (Reuters)
Federal Reserve Bank of St. Louis President Alberto Musalem welcomed on Thursday a report showing cooling in consumer level inflation pressures but declined ...
Monthly US consumer prices post first drop in four years as inflation ... (Reuters)
Consumer price index falls 0.1% in June · CPI increases 3.0% year-on-year · Core CPI gains 0.1%; rises 3.3% year-on-year · Weekly jobless claims fall 17,000 to ...
Prices fell in June for the first time since the start of the pandemic (CNN)
Americans weighed down by fast-rising prices for three years just received more encouraging news on the inflation front. The Consumer Price Index, ...
Emerging-Market Stocks Hit 2-Year High Amid Global Rate Cut Bets (Bloomberg)
Emerging-market stocks hit another two-year high and currencies gained as risk appetite stayed strong thanks to stronger bets on monetary easing across core ...
Yen's volatility sparks intervention suspicion after U.S. CPI data (Nikkei Asia)
TOKYO -- The yen surged against the dollar overnight after the release of softer-than-expected U.S. inflation data, sparking speculation the Japanese.
US June CPI data sets the stage for a September Fed rate cut: OCBC (The Edge Singapore)
Following the latest CPI data, markets are now expecting two Fed rate cuts this year, with the first possibly in September.
Dow Jones churns after cooling US CPI inflation sparks pullback in ... (FXStreet)
The Dow Jones Industrial Average (DJIA) mostly stuck to familiar territory on Thursday, clipping into the high end after US Consumer Price Index (CPI) ...
Soft US CPI boosts reflation trade (FXStreet)
I don't know for the Federal Reserve (Fed) but investors definitely got to the evidence that inflation is on a right path to justify a Fed rate cut sooner ...
The CPI signaled inflation is slowing, but the Fed wants even more ... (MarketWatch)
The first decline in consumer prices in four years is just an hors d'oeuvre for the Federal Reserve. Its appetite to cut U.S. interest rates won't be fully.
USD/JPY plunges on another possible 'Yentervention' alongside ... (FXStreet)
USD/JPY plummeted on Thursday, declining 2.6% in a sharp reaction to cooling US Consumer Price Index (CPI) inflation and a broadly suspected “Yentervention” ...
US CPI cools, Fed Chair hints at rate cuts; what should investors ... (Livemint)
The US CPI dropped 0.1 per cent month-on-month in June against the expectations of a 0.1 per cent rise. Experts believe the US central bank may cut rates in ...
BoJ makes Hay on a weaker CPI [Video] (FXStreet)
In today's TradeGATEHub Live Trading session, Coach Dale examines the Bank of Japan's response to a weaker CPI, discussing its implications on currency ...
The Fed should definitely cut after 'game-changing' June CPI data ... (CNBC)
Jeremy Siegel, professor emeritus of finance at University of Pennsylvania's Wharton School of Business and Wisdom Tree chief economist, joins 'Squawk Box' ...
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