Page 4 - Us Inflation

US monthly inflation slows, consumer spending surges, reveals data

The personal consumption expenditures (PCE) price index rose 0.3% last month, the Commerce Department's Bureau of Economic Analysis said

US inflation tops Feb forecasts, reinforcing Fed's cautious approach

The so-called core consumer price index, which excludes food and energy costs, increased 0.4% from January, according to government data out Tuesday. From a year ago, it advanced 3.8%

Slow US inflation retreat to bolster Fed Reserve's patience over rate cuts

Away from inflation, there are scant signs of stress in the economy. The latest jobs report pointed to moderating yet healthy employment growth that will keep consumer spending afloat.

Asian bonds gain solid inflows on rate cut hopes amid US inflation concerns

India led the way with a robust influx of $2.39 billion into its bonds, the highest since August 2017, fueled by anticipation of its inclusion in JP Morgan's emerging market debt index this year

Nifty IT slides for second day with 1% fall: What's weighing on IT stocks?

The latest inflation data in the US for January, which showed a surprise increase, has kept domestic IT stocks listless from last week

Sensex wipes off losses to close 268 pts higher; SBI surges 4%, BPCL 7%

Stock market highlights on February 14, 2024: Indian benchmarks Sensex and Nifty defied global market selloff, which came as US reported a hotter-than-expected rise in January retail inflation

US inflation slows, but price pressures are easing only gradually

Annual inflation in the United States cooled last month yet remained elevated in the latest sign that the pandemic-fuelled price surge is only gradually and fitfully coming under control. Tuesday's report from the Labour Department showed that the consumer price index rose 0.3 per cent from December to January, up from a 0.2 per cent increase the previous month. Compared with a year ago, prices are up 3.1 per cent. That is less than the 3.4 per cent figure in December and far below the 9.1 per cent inflation peak in mid-2022. Yet the latest reading is still well above the Federal Reserve's 2 per cent target level at a time when public frustration with inflation has become a pivotal issue in President Joe Biden's bid for re-election. Excluding the volatile food and energy categories, so-called core prices climbed 0.4 per cent last month, up from 0.3 per cent in December and 3.9 per cent over the past 12 months. Core inflation is watched especially closely because it typically provide

Slower US inflation set to fuel Fed Reserve's interest-rate cut optimism

The overall CPI probably rose less than 3 per cent for the first time in nearly two years, economists forecast Tuesday's report to show

Markets end flat after choppy trade; Sensex rises 31 pts, Airtel gains 1.5%

The upmove in intra-day trade followed sharp gains in the US markets, particularly technology stocks. However, the tech-heavy Nasdaq index, which gained 2.2 per cent on Monday, saw reversing gains

US new home sales fall to one-year low in Nov, decline 'likely temporary'

New home sales decreased 12.2% to a seasonally adjusted annual rate of 590,000 units last month, the lowest level since November 2022, the Commerce Department's Census Bureau said

Dollar softens, sterling squeezes as focus turns to US inflation figures

The dollar dipped on Thursday while sterling crosses were nursing losses in holiday-thinned trade ahead of the last major data release of the year in Friday's US inflation figures

US consumer confidence rises to five-month high, home sales eke out gains

Though consumers continued to worry about inflation, many were planning to buy motor vehicles, houses and major appliances like refrigerators and clothes dryers over the next six months

US economy still strong as retail sales beat expectations, layoffs stay low

Retail sales increased 4.1% year-on-year in November. Though the pace has slowed as households adjust to higher borrowing costs and prices, it remains sufficient to ward off a recession

Rupee ends 1 paisa lower at 83.38 against dollar ahead of US CPI data

The rupee closed at 83.3875 against the U.S. dollar, barely changed from its close at 83.3925 in the previous session. The unit hovered between 83.36 and 83.39 on Tuesday

US inflation likely cooled again last month as Fed prepares to assess rates

This year's steady slowdown in US inflation likely continued in November, though the latest data may also point to steadily higher prices in some areas of the economy. Tuesday's inflation report from the Labor Department is expected to show that businesses kept overall prices unchanged for a second straight month. Falling gas prices, in particular, are thought to have offset a rise in food costs from October to November. And compared with a year earlier, inflation is expected to ease to 3.1 per cent from 3.2 per cent in October, according to a survey of economists by FactSet. But a closely watched category called core prices, which excludes volatile food and energy costs, is predicted to rise 0.3 per cent from October to November a monthly pace that far outpaces the Federal Reserve's 2 per cent annual inflation target. On a year-over-year basis, core prices are expected to increase 4 per cent, the same as in October. The Fed considers core prices to be a better guide to the likely

Indian govt bond yields steady before key US Nov inflation prints

India's retail inflation likely picked up in November due to higher food prices after declining for three months, bringing it closer to the upper end of the RBI's 2%-6% target range, a poll found

Fed pivot to interest-rate cuts seen likely to start in May, traders bet

A separate report Friday showed U.S. consumer sentiment improved more than expected in December as households saw inflation pressures easing

US consumer spending slows in October, weekly jobless claims rise slightly

Fears that the economy could slide into recession in early 2024 could see households reluctant to spend and instead build their savings

US economy grew 5.2% in third quarter, faster than first estimated

Consumer spending advanced at a less-robust 3.6% rate, according to the government's second estimate of the figures issued Wednesday

Helped lower inflation: Biden as he hosts meeting of supply chain council

President Joe Biden opened the first meeting of his supply chain resilience council by warning companies against price gouging and saying that his administration was working to lower costs for US families. "We know that prices are still too high for too many things, that times are still too tough for too many families," Biden said on Monday. "But we've made progress." The president has blamed inflation on issues such as supply chains and Russia's 2022 invasion of Ukraine, while Republican lawmakers say the run-up in prices was triggered by the USD 1.9 trillion in coronavirus relief that Democrat Biden signed into law in 2021. Biden used the council meeting to announce 30 actions to improve access to medicine and needed economic data as well as other programmes tied to the production and shipment of goods. He said he was tackling "junk fees", hidden charges that companies sneak into bills just because they can and customers have no alternative. The council follows an earlier task f