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The fight against inflation isn’t over yet because the Fed didn’t raise interest rates
The US Federal Reserve will likely maintain a target range of 5.25-5.25% for interest rates during its meeting on Wednesday, as per a Wall Street Journal report. The overall trend of slowing job openings is a sign that rate increases have cooled the economy, experts said. Notably, inflation also remains above the Fed’s 2% target.
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Egg prices are lower in May but gas costs are higher
The US consumer prices in May were up 4% from a year ago, according to data released on Tuesday. Core inflation, which excludes food and energy prices, rose 5.3% from a year ago, while annual inflation fell to 9.1% from 9.1%. However, the decline in core inflation has been mainly due to the fall in…
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The Wall Street has found something else to worry about
Ahead of the start of the first-quarter corporate earnings season in the US, a survey showed that consumer expectations of inflation have increased at short-term and Medium-term horizons. The Federal Reserve Bank of New York’s March Survey of Consumer Expectations said that inflation expectations have increased at the short-term and medium-term horizons.
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Inflation moderated in March, but is still rising too fast to be comfortable
US consumer prices increased by 5% in the 12 months ending in March, the Federal Reserve said on Wednesday. This is the lowest year-over-year inflation rate since May 2021. Stripping out food and energy, the core CPI rose by 0.4% in March compared to a 0.5% growth in February, the Fed added. In February, core…
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Wall Street picks hope over reality after inflation report
The US economy has some ways to go to tame inflation, Federal Reserve Chairman Jerome Powell has said. “If we continue to get… strong labour market reports or high inflation reports, it may well be the case that we’ve to do more and raise rates more,” he added. This comes after weaker-than-expected retail sales in…
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There are five reasons to be cautiously optimistic
The US’ inflation rate climbed to 2.1% in September from 1.5% in August, the fastest growth in nearly a year, according to data released by the Federal Reserve on Wednesday. The consumer price index (CPI) rose at an annualised rate of 2.1% last month, while the core rate, which excludes food and energy, increased to…
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Interest rates are going up again because of the Fed’s war on inflation
The US Federal Reserve (Fed) has raised interest rates for the seventh time in nine months. This comes after the latest government reading showed inflation was running at its slowest annual rate in nearly a year. It had raised rates by 75 basis points last week, the sixth rate increase this year and fourth-consecutive hike…
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delinquencies and household debt all rose in the last quarter
US consumers added to their debt and grew their credit card balances at a record rate in the third quarter of 2019, the Federal Reserve Bank of New York said. The share of debt that has become delinquent increased across nearly all debt types in this high-inflation and interest-rate environment. Mortgage originations went down in…
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The number shows that inflation is still going strong
The US consumer price index rose 7.1% in September, lower than the 9.1% increase recorded in August, the government said on Thursday. Further, the annual rate of inflation in the US slowed to 7.1% for the year from 9.1% in June. While much of the services inflation is due to housing costs, this is rapidly…
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The good news is that consumer prices increased in December
US Consumer prices rose in December from the previous month and did not fall as previously thought, according to revised data from the Bureau of Labour Statistics (BLS). The November and October revisions show slight Shifts in the month-on-month inflation trend for 2022 with a change of 0.1 percentage points. The November and October revisions…
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Rates will be raised by the Fed.
The Atlanta Fed’s President David Rubenstein has said that “there is a lot of people” who think the US will likely head into a recession next year. However, he also said that “we have a fighting chance of getting through the next year without an economic downturn”. He added that inflation is “coming in herepretty…
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What goes up is starting to go down.
The prices of food and petrol were among the biggest winners in the US this year, with the inflation rate climbing to its highest in over a year. The Producer Price Index for final Consumers rose by 5.8% in October compared with a year ago. This was the lowest monthly gain in more than a…
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Joe Biden is the Parable of the Raisin Bran.
The US has the highest inflation in the world at over 10%, according to data released by the US Bureau of Labor Statistics on Thursday. The US CPI has risen for nine straight months and has been above 5% during each of the last three years. The UK’s CPI rose to 9.6% in September from…
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Tomorrow’s big jobs report has global implications.
US Federal Reserve (Fed) said it’ll keep raising rates until the “job is done”, as inflation is too high and it must come down. “Inflation is too high, it must come down, and we’ll keep at it until the job is done,” it added. Further, US employment growth eased slightly in September but remained robust,…