Inflation Rate

Moody’s Analytics Chief Economist Mark Zandi warned Thursday that the U.S. economy was struggling and said disruptions linked to the US- Israel war on Iran could significantly increase recession risks. “The economy isn't just soft, it's struggling……….The Iran war needs...

Fundstrat Head of Research, Tom Lee criticized the University of Michigan consumer sentiment survey for what he described as partisan bias, arguing that an imbalance in respondents' political affiliations was skewing the data. Lee reposted a clip on X from last week’s Meb Faber show on...

Treasury Secretary Scott Bessent has predicted a quick turnaround in the current inflation and high oil prices after a brief period of skyrocketing prices. Bessent, in a discussion with CNBC’s Joe Kernen on Thursday, stated that he is confident these issues will be swiftly resolved once...

Editor’s note: This article was updated to add more detail and context. Price pressures intensified further in April as the energy shock from the Strait of Hormuz blockade reverberated across the Consumer Price Index basket. The headline inflation rate climbed from 3.3% year-over-year in...

Citadel Founder and CEO Ken Griffin shared his insights on the ongoing war, inflation, and the potential political repercussions in the upcoming midterm elections. In an interview with CNBC on Tuesday, Griffin commended President Donald Trump‘s handling of the Iran war, stating it has...

A hotter-than-expected September Consumer Price Index inflation report, combined with a surprising spike in weekly jobless claims, weighed on major stock indices in early New York trading Thursday, while sparking diverging performances among sectors. Technology and consumer discretionary stocks led...

Market expectations for the Federal Reserve's next interest rate move could gain more clarity as early as this Friday, when a U.S. government agency releases a key inflation metric closely monitored by policymakers. The Personal Consumption Expenditure (PCE) price index report, scheduled for...

Goldman Sachs has reiterated its forecast for two interest rate cuts in 2024, commencing in September, following the Federal Open Market Committee’s (FOMC) June meeting. Despite the Federal Reserve’s June dot plot presenting “a hawkish surprise” with a median projection of...

May’s inflation report was cooler than economists had predicted, boosting confidence in the Federal Reserve’s ability to steer the annual price index variation back toward its 2% target. The headline inflation rate decelerated to 3.3% year-over-year in May 2024, down from the previous...

For the first time since June 2020, the Consumer Price Index (CPI) report will be released on the same day as the Federal Open Market Committee (FOMC) meeting. This sets up a potentially volatile Wednesday for financial markets. Following three consecutive months of higher-than-expected inflation...

During a discussion with Dutch Central Bank President Klaas Knot in Amsterdam, Fed Chair Jerome Powell reinforced his stance that U.S. monetary policy will likely maintain its current rate for a more extended period than previously anticipated, aiming to further reduce inflation towards the Fed...

The latest Survey of Consumer Expectations (SCE) from the Federal Reserve Bank of New York shows American consumers are bracing for increased inflation and the fastest home price growth in nearly two years, alongside an evolving outlook on the labor market and taxes. Key Findings From New York Fed...

Wall Street kicked off a data-heavy week on a mixed note as traders await key inflation updates and remarks from Fed Chair Jerome Powell in the coming days. The S&P 500 remained stable, hovering around Friday’s closing levels and not far from record highs. The Nasdaq 100 rose 0.2%, poised...

Following three consecutive releases of inflation rates surpassing expectations, traders are anxiously awaiting the April Consumer Price Index (CPI) report, set to be released by the Bureau of Labor Statistics this Wednesday. Analysts foresee a drop in both the overall Consumer Price Index (CPI)...

Disinflationary forecasts have fallen out of favor recently, especially following three consecutive months of unexpected inflation increases. Yet, Goldman Sachs economist Jessica Rindels has made a bold call, predicting a downturn in the core Personal Consumption Expenditure (PCE) Inflation – the...