selimaksan/E+ via Getty Images U.S. consumers dialed back their inflation expectations at the short- and longer-term horizons, though their medium-term expectations rose slightly, the Federal Reserve Bank of New York said Monday in its March Survey of Consumer Expectations. At the one- and five-year-ahead horizons, median implied inflation fell byContinue Reading
Stock index futures were almost flat on Monday, as investors look forward to important inflation reports and earnings scheduled for later in the week. S&P 500 futures (SPX) -0.1%, Nasdaq 100 futures (US100:IND) and Dow futures (INDU) were unchanged. The 10-year Treasury yield (US10Y) rose 3 basis points to 4.32%.Continue Reading
ablokhin John Williams, president of New York Federal Reserve Bank, said more time was needed for the central bank to reach its 2% inflation goal, even as significant progress has been made in bringing the rate down to around 2.5%. “We still have a way to go to reach ourContinue Reading
sasirin pamai U.S. officials are looking for “additional information” to give them enough confidence that inflation was moving towards their inflation target, the minutes of the latest Federal Open Market Committee (FOMC) meeting showed on Wednesday. “In discussing the outlook for monetary policy, participants noted that progress in reducing inflationContinue Reading
Jul. 02, 2024 5:04 AM ETEuro / US Dollar (EUR:USD), USD:EUREWG, GF, EWI, EWQ, USD, FGM, HEWG, DAXBy: Manshi Mamtora, CFA andresr Inflation rate in the Euro Area decreased to 2.50% in June from 2.60% in May 2024, lower than consensus of 2.5%. The Consumer Price Index increased 0.20% inContinue Reading
da-kuk/E+ via Getty Images London (UKX) -0.70% Germany (DAX:IND) -0.79% France (CAC:IND) -1.06% wiping previous session gains. The number of people registering as jobless in Spain decreased by 46,783, or 1.8%, over a month in June 2024. The annual inflation rate in Austria is expected to ease to 3% inContinue Reading
SCM Jeans Minutes of the Reserve Bank of Australia’s June policy meeting minutes revealed that policymakers stressed the need to remain vigilant about upside risks to inflation, adding that a material rise in prices could require significantly higher rates. The board is ready to raise rates if “inflation expectations” change.Continue Reading
Reinhard Krull The preliminary reading for inflation rate in Germany dropped to 2.20% in June from 2.40% in May 2024. The Consumer Price Index expected to increase 0.10% in June 2024 over the previous month. The inflation rate excluding food and energy, often referred to as core inflation, is expectedContinue Reading
fstockfoto Friday’s inflation data suggests that monetary policy is having the desired effect; however, it remains too soon to determine whether reducing borrowing costs is appropriate, said Federal Reserve Bank of San Francisco President Mary Daly. Speaking to CNBC, Daly noted that growth, spending, inflation, and labor all are slowing.Continue Reading
Makhbubakhon Ismatova U.S. consumers lowered their inflation expectations for the year ahead, but maintained their inflation expectations at the five-year horizon, The University of Michigan said Friday in its Surveys of Consumers report. Year-ahead implied inflation: +3.0% vs. +3.3% initial print and +3.3% in May. Five-year implied inflation: +3.0% vs.Continue Reading
