Page 7 - Us Inflation

US wholesale price fell, inflation pressures eased sharply last month

US wholesale prices fell last month, a sign that inflationary pressures in the economy are easing more than a year after the Federal Reserve began aggressively raising interest rates. From February to March, the government's producer price index dropped 0.5 per cent as energy prices plunged after having been unchanged from January to February. Compared with a year ago, wholesale prices were up 2.7 per cent in March, down significantly from a 4.7 per cent year-over-increase increase in February. The Labour Department's producer price index reflects prices charged by manufacturers, farmers and wholesalers. It can provide an early sign of how fast consumer inflation will rise. Wholesale inflation has come down steadily from a record 11.7 per cent year-over-year increase in March 2022 since the Fed began raising its benchmark interest rate to fight the worst inflation bout in four decades. Beginning in March of last year, the Fed has raised its key short-term rate nine times and is

US consumer prices rise moderately in March; underlying inflation still hot

The Consumer Price Index (CPI) climbed 0.1% last month after advancing 0.4% in February, the Labor Department said on Wednesday

Rupee edges up as dollar softens ahead of US inflation data, Fed minutes

The rupee was trading at 82.0750 per dollar by 10:44 a.m. IST compared with 82.1250 in the previous session

US Federal Reserve raises policy rate by 25 bps; 9th straight hike

The Committee said that it seeks to achieve maximum employment and inflation at the rate of 2 per cent over the longer run

Sensex falls for 5th straight day, ends 344 pts down; Nifty breaks 17,000

CLOSING BELL: The Nifty 50 ended below the 17,000-mark for the first time since October 11, 2022. The NSE benchmark has now shed 630 points in the last five trading sessions.

US inflation up, keeps Federal Reserve on track for interest rate hike

Food prices rose 0.4 per cent, with the cost of food consumed at home gaining 0.3 per cent

Supply chains globally have healed yet their mark on inflation to endure

Supply chains across the world are healing up almost as fast as they broke down

US jobless claims fall; inflation revised higher in fourth quarter

Weekly jobless claims fall 3,000 to 192,000

Sticky inflation pushes Wall Street toward weekly losses, rate hikes fears

Wall Street is poised to extend its slide Friday, one day after U.S. markets suffered their biggest drop in a month on an inflation reading that came in hotter than expected. Futures for the Dow Jones industrials slid 0.5 per cent and the S&P 500 dipped 0.7 per cent . Oil prices fell more than 3 per cent . The S&P 500 lost 1.4 per cent Thursday following news that inflation at the wholesale level slowed less than economists had expected. That hot reading echoed inflation data earlier in the week at the consumer level that suggests inflation isn't falling as steadily as was hoped, though Fed Chair Jerome Powell has warned of an uneven return to more normal levels of inflation. Stocks have gyrated on worries that persistently high inflation will push the Federal Reserve to get even more aggressive on interest rates. Higher rates tend to cool inflation, but they also raise the risk of recession of spending trails off too much. Continued strength in the inflation data suggests ..

Crypto wrap: 'Surprise rally' in crypto market on US inflation data

The US inflation, according to data released on Wednesday, continued to fall for the seventh straight month in January to 6.4%

Dollar hits 6-wk high vs yen, rallies from 2-week low after inflation data

The dollar index, which measures the greenback against a basket of major currencies, was last flat at 103.22. It dropped as low as 102.50, its weakest level since Feb 3

US Inflation stays elevated, adding pressure for more Fed hikes

The median estimates in a Bloomberg survey of economists called for a 0.5% monthly advance in the CPI and a 0.4% gain in the core measure

Fed rate outlook to push rupee lower; US inflation data key this week

The non-deliverable forwards indicated an opening of around 82.60-82.64 for the rupee to the US dollar, compared with 82.4975 in the previous session

US jobless insurance claims near historic low despite cooling economy

Applications for US unemployment insurance last week fell slightly, hovering around historically low levels as the labor market holds strong despite a weakening economy

US inflation, consumer spending cools in Dec as economy slows on Fed hikes

The Federal Reserve's preferred inflation gauge eased further in December, and consumer spending fell - the latest evidence that the Fed's series of interest rate hikes are slowing the economy. Friday's report from the Commerce Department showed that prices rose 5% last month from a year earlier, down from a 5.5% year-over-year increase in November. It was the third straight drop. Consumer spending fell 0.2% from November to December and was revised lower to show a drop of 0.1% from October to November. Last year's holiday sales were sluggish for many retailers, and the overall spending figures for the final two months of 2022 were the weakest in two years. The pullback in consumer spending will likely be welcomed by Fed officials, who are seeking to cool the economy by making lending increasingly expensive. A slower pace of spending could boost their confidence that inflation is steadily easing. Still, the decline in year-over-year inflation matches the Fed's outlook and isn't like

Gold at over eight-month high on slower US Fed rate-hike prospects

Data on Thursday showed that US consumer prices fell for the first time in more than 2-1/2 years in December

Gold scales 9-month high above key $1,900 level; highest since late April

Lower interest rates tend to be beneficial for bullion as they decrease the opportunity cost of holding the non-yielding asset

US inflation cools again to 6.5%, gives Fed room to downshift on rates

The overall CPI fell 0.1% from the prior month, with cheaper energy costs fueling the first decline in 2 1/2 years. The measure was up 6.5% from a year earlier

Dollar falls to nearly nine-month low vs euro after U.S. inflation data

The dollar hit $1.0845 against the euro, its weakest versus the common currency since April 25 following the CPI report

Oil prices surge over 1% on China demand hopes, US inflation in focus

Brent crude rose $1.18, or 1.4%, to $83.85 a barrel by 1250 GMT, while U.S. West Texas Intermediate crude gained $1.15, or 1.5%, to $78.56