CPI
2024 - 8 - 14CPI Hits a Cool 2.9%—Is That a Sign for Rate Cuts or Just a Chill in the Market?
CPI data Consumer Price Index - CPI - Federal Reserve - Housing Market - Inflation - Interest Rates - CPI dataThe US Consumer Price Index drops below 3% for the first time since 2021. When will Wall Street pop the champagne? Click to find out!
The latest Consumer Price Index (CPI) report is making waves, revealing that U.S. inflation has cooled to a breezy 2.9%—the first time it's dipped below the 3% mark since 2021! This unexpected drop is delighting economists and investors alike, painting a picture that might lead the Federal Reserve to consider cutting interest rates in their next meeting. Wall Street responded positively, opening slightly higher on news of the moderated inflation rate. If you thought inflation was akin to a hot cup of coffee, it seems it's finally lost some steam!
While the drop in inflation gives us a reason to celebrate, it’s important to keep an eye on what this means for everyday consumers. With the annual rate slowing, many shoppers are bound to feel a little less pressure on their wallets. The CPI report showed that consumer prices rose only 0.2% in July—exactly what the experts were expecting. For anyone who has felt the pinch in their pocket, this news is music to their ears, and it suggests a possible slowdown in those relentless price hikes we've seen over the past few years.
However, the implications of this CPI report extend beyond just the shopping aisle. An easing inflation rate can provide the Federal Reserve some much-needed breathing room. After years of battling sky-high rates that soared to a 23-year high, this new data sets the stage for potential rate cuts next month. Investors are dancing in their seats as they anticipate how this will influence the stock market, especially the S&P 500, which has experienced a stellar run. It’s like a rollercoaster ride—exciting yet nerve-racking, but one thing is clear: everyone is buckled in for the ride!
As July 2024 unfolds, the stock market has shown great resilience. The S&P 500 index recently celebrated its best four-day performance of the year as investors reacted positively to the CPI data. In the coming weeks, all eyes will be on the September meeting of the Fed, where crucial decisions could reshape the economic landscape. Stay tuned, because this financial soap opera is far from over!
Interestingly, the CPI isn’t just a number; it’s the barometer for consumer confidence and spending. When inflation diminishes, people may be more inclined to spend, which could give a fresh boost to the economy. Did you know that historical CPI data often doesn’t only reflect prices but can also be seen as a reflection of societal trends, such as lifestyle changes and technological advances? So next time you check your wallet, remember that it's not just about dollars and cents—it’s a complex web of economic narratives!
CPI Inflation Comes In At 2.9%—Better Than Expectations With ... (Forbes)
CPI Inflation Comes In At 2.9%—Better Than Expectations With Interest Rate Cuts In Focus ... Derek Saul has covered markets for the Forbes news team since 2021.
Inflation milestone: Consumer Price Index slows below 3% for first ... (CNN)
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Analysis of US CPI Report for July (Bloomberg)
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CPI report for July is out: What does latest data mean for the US ... (USA TODAY)
Consumer prices rose a modest 2.9% in the 12 months through July, the Labor Department reported Wednesday in its consumer price index, an annual rate that ...
US CPI Preview: US Inflation to Confirm September Cut by the Fed? (MarketPulse)
US CPI data release expected to confirm Fed's September decision. What impact will a surprise CPI print have on markets?
CPI Inflation Cools Slightly, Keeping Fed Rate Cut On Track; S&P ... (Investor's Business Daily)
The CPI inflation report follows the tame PPI inflation data and amid rising Fed rate-cut expectations. S&P 500 futures rose.
CPI Report Live: Inflation Slows to 2.9% Annual Rate; Markets React ... (The Wall Street Journal)
According to the latest data, consumer prices rose slower than 3 percent for the first time since 2021 - a sign that inflation is cooling.
CPI Inflation Report: July Headline, Core Data Cooled; How the ... (Barron's)
Follow live coverage and analysis of the July Consumer Price Index report, released earlier this morning today.
Annual inflation rate slows to 2.9% in July, lowest since 2021 (CNBC)
The consumer price index was expected to show a 0.2% increase in July and a 3% gain over the past year.
US: Wall St opens higher as CPI report cements rate-cut bets (The Business Times)
Wall Street's main indexes opened slightly higher on Wednesday (Aug 14) after data showed inflation was moderating as expected, cementing bets that the ...
July 2024 CPI Report | CEA | The White House (The White House)
The Consumer Price Index increased 0.2% in July, coming in right at expectations. On a yearly basis, the CPI rose 2.9%, its lowest yearly growth rate since ...
Stocks Stabilize as US CPI Doesn't 'Rock the Boat': Markets Wrap (swissinfo.ch)
Equities saw small moves after the S&P 500 notched its best four-day performance in 2024. Treasuries were mixed, with two-year yields up mildly while those on ...
Foretelling CPI and SPY reaction (FXStreet)
S&P 500 shook off initial hesitation, and rose on low but not negative PPI figures.
Shelter inflation is 'the most disappointing aspect' of July CPI report (Yahoo Finance)
The latest Consumer Price Index (CPI) report revealed one category where inflation continues to be stubbornly sticky: housing costs.
Stocks Rise as CPI 'Checks The Box' for Fed Cuts: Markets Wrap (Yahoo Finance)
(Bloomberg) -- Stocks rose after an in-line US inflation report did little to alter bets the Federal Reserve will start cutting rates in September.
Stock Market Today: Dow, S&P 500 Rise After CPI Inflation Report ... (Barron's)
Stocks on the Dow and S&P 500 are rising Wednesday as the stock market reacts to CPI Inflation data. The Mag 7 was a drag on the Nasdaq Composite.
July CPI supports disinflation scenario for Sept ease (Reuters)
U.S. consumer prices rebounded as expected in July, but the trend remained consistent with subsiding inflation and did not change expectations that the ...
Yields mixed after CPI supports 25 bp Sept cut, with 50 bp not ruled ... (Reuters India)
Benchmark U.S. Treasury yields slipped on Wednesday after a benign July U.S. consumer inflation reading appeared to smooth the way for a Federal Reserve ...
Markets today: Stocks halt rally as in-line CPI fails to inspire (BNN)
Stocks lost steam after a recent rally, with an in-line U.S. inflation report doing little to alter bets on the U.S. Federal Reserve outlook.
US rate cuts in view after tame CPI report (Livemint)
By Lewis Krauskopf. Aug 15 (Reuters) - A look at the day ahead in Asian markets. The prospect of looming U.S. rate cuts was back on the front burner after ...
Inflation Since 1872: A Long-Term Look at the CPI (advisorperspectives.com)
The Consumer Price Index for Urban Consumers (CPI-U) released for July puts the year-over-year inflation rate at 2.89%. The latest reading keeps inflation ...
Rates Spark: No big surprises from US CPI (ING Think)
Markets are content with a 0.2% US core CPI reading and risk sentiment is now almost back to where it was before the recent turmoil.
US Futures Edge Higher Before Next Batch of Data: Markets Wrap (Yahoo Finance)
(Bloomberg) -- US equity futures and European stocks made small advances as traders looked forward to more economic data that could reinforce the case for ...
Stocks Rise as CPI 'Checks The Box' for Fed Cuts: Markets Wrap (swissinfo.ch)
(Bloomberg) — Stocks rose after an in-line US inflation report did little to alter bets the Federal Reserve will start cutting rates in September.
US CPI: Fed rate cut remains in play, but 25 vs 50bps debate unsettled (FXStreet)
Disinflation progress: The latest US CPI report indicates a 2.9% YoY increase in headline inflation for July, slightly below expectations.
July 2024 CPI Report: Inflation Continues to Cool, Paving the Way ... (JP Morgan)
The July 2024 CPI report will likely increase the Fed's confidence that inflation is on the way to its 2% target and position the Fed to cut interest rates ...
Live Updates: Inflation Falls Below 3% for First Time Since 2021 (The New York Times)
Consumer prices rose 2.9 percent in the year through July, a downtick from the prior month. The report keeps the Federal Reserve firmly on track to cut ...
Battle to kill inflation appears all but over, CPI report confirms (Axios)
Prices are no longer rising rapidly, which means the battle to kill inflation appears all but over.
CPI clears the way for cuts (Financial Times)
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