Us Inflation

The consumer price index (CPI) rose to 3.0 percent in September from 2.9 percent a month earlier, the Labor Department said in a statement. Prices rose 0.3 percent from a month earlier.

Jerome Powell hints at rate cuts amid weak US job market, says 'impact of tariffs clearly visible on prices'

In a key Friday speech, Powell warned that risks of higher inflation and a weakening jobs market created a "challenging situation."

US consumer inflation holds at 2.7% as tariff worries persist

The consumer price index (CPI) rose 2.7 percent from a year ago in July, unchanged from the rate in June, said the Department of Labour

US July CPI due today could nudge higher, show polls, revealing how Trump tariffs are impacting prices

According to a Bloomberg survey of economists, the annual core inflation rate to rise to 3%, the highest since February. A Goldman Sachs note recently said the core personal consumer expenditure index, a key metric for the US Fed to assess inflation, could hit 3.2 percent in December, from 208 percent in June.

US core CPI rises less than expected again on drop in car prices

The consumer price index, excluding the often volatile food and energy categories, increased 0.2% from May. On an annual basis, it advanced 2.9%

US inflation rose slightly in May as grocery prices ticked higher

Consumer prices increased 2.4% in May compared with a year ago, according to a Labor Department report released Wednesday

US inflation comes in softer than forecast for a third month

The consumer price index, excluding the often volatile food and energy categories, increased 0.2% from March

Fed up with inflation, US man visits India to start business, finds a wife, settles in Goa: 'I'm happy here'

Elliot Rosenberg moved out of the US 12 years ago and has been living in India for nine years. As a financial consultant, most of his clients are US-based, paying him in dollars. 'We don’t stress about money,' he said.

Wall Street storms back after US inflation surprise

Equities rebounded after a selloff that put the S&P 500 on the verge of a technical correction.

US CPI inflation falls more than expected in February; Wall Street futures gain sharply

Tariffs expected to boost inflation in the coming months; Federal Reserve seen holding interest rates steady next week

First inflation, now tariffs: Low-income Americans can’t catch a break

Low-income households, who spend a larger share of their budgets on goods than the wealthy and tend to favor cheaper imports, will bear the brunt of the hit

US Fed signals no rush for rate cuts amid elevated inflation, but markets trim losses as Powell downplays worry

The US Fed held policy rates steady, removed a reference to inflation progress, and signaled no rush for cuts. Markets initially fell but trimmed losses as Jerome Powell downplayed concerns over the wording change.

Fed rate cut while inflation not decelerating was a 'mistake', may need to revisit CPI target, says Andrew Freris

Jerome Powell's decision to cut rates while inflation was not clearly decelerating was a mistake. US inflation has not met the Fed's target of 2%, remaining stubbornly above this threshold, said Andrew Freris.

US inflation stays firm for third month with 0.3% core CPI gain

Goods prices excluding food and energy, meanwhile, rose for a second month. They had consistently fallen over much of the past year

US Fed cuts rates by half point in decisive bid to defend economy

The Federal Open Market Committee voted 11 to 1 to lower the federal funds rate to a range of 4.75 percent to 5 percent, after holding it for more than a year at its highest level in two decades

Core US inflation picks up, damping odds of outsize Fed cut

The so-called core consumer price index — which excludes food and energy costs — increased 0.3% from July, the most in four months, and 3.2% from a year ago, Bureau of Labor Statistics figures showed Wednesday

US retail inflation falls to 2.9% in July

The consumer price index increased 0.2 percent last month after falling 0.1 percent in June, the Labor Department's Bureau of Labor Statistics said on Wednesday. In the 12 months through July, the CPI increased 2.9 percent after advancing 3 percent in June

JPMorgan's Jamie Dimon still sees risk of recession, 'skeptical' of 2% CPI target

Jamie Dimon said the US Fed will will likely cut rates soon. “I don’t think it matters as much as other people think,” he added.

US Fed's favored inflation measure cools further in June

The personal consumption expenditures (PCE) price index eased to an annual rate of 2.5 percent in June, the Commerce Department said in a statement, down slightly from 2.6 percent a month earlier.

Gold firms ahead of US inflation data, but set for weekly loss

Spot gold rose 0.4% to $2,374.14 per ounce by 0235 GMT, but was down 1% for the week. U.S. gold futures climbed 0.7% to $2,371.00.

US economic growth regains steam in second quarter; inflation slows

Gross domestic product increased at a 2.8% annualized rate last quarter, the Commerce Department's Bureau of Economic Analysis said in its advance estimate of second-quarter GDP on Thursday.

Fed Chair Jerome Powell: US inflation is slowing again, though it isn't yet time to cut rates

After some persistently high inflation reports at the start of 2024, Powell said, the data for April and May "do suggest we are getting back on a disinflationary path."

US inflation eases to 3.3% in May, defying expectations for slight rise

Traders on Wednesday boosted bets that the Federal Reserve will cut interest rates by September after consumer inflation cooled more than expected last month

US inflation rises in line with expectations in April

The personal consumption expenditures (PCE) price index increased 0.3% last month, the Commerce Department's Bureau of Economic Analysis said on Friday, matching the unrevised gain in March.

Gold recoups from 2-week low as traders eye US inflation data

Spot gold was up 0.5% at $2,346.31 per ounce, as of 0331 GMT, having touched its lowest since May 9 at $2,325.19 on Friday. U.S. gold futures rose 0.6% to $2,347.60.