Consumer Price Index

According to the latest Bureau of Labor Statistics report, the Consumer Price Index (CPI) edged down to an annual rate of 3.1% in November, aligning with market expectations. The inflation report comes right before the imminent start of the Federal Open Market Committee (FOMC) meeting, scheduled...

Few events capture as much attention and anticipation as the monthly inflation report, with investors scrutinizing these figures to gauge future interest rate decisions and guide portfolio adjustments. Rarely does an economic announcement hold as much significance as this Tuesday’s U.S....

The U.S. inflation rate in October 2023 decelerated to 3.2% year-over-year, down from the 3.7% observed in September and resuming a downward trend following a summer rebound. The figure showed a reduction in overall inflation pressure and fell more than economists’ expectations, which were...

This week was a roller coaster ride for the global economy, with the US debt situation raising red flags, economists predicting tough times due to the Israel conflict, and ongoing debates regarding inflation. Besides this, the trend of reshoring is gaining momentum, with manufacturing jobs...

Donald Trump Jr., the eldest son of former U.S. President Donald Trump, criticizes economist Paul Krugman’s stance on inflation, asserting that the well-known economist is downplaying the struggles of everyday people. What Happened: On Thursday, Trump Jr. took to Twitter to criticize Paul...

The Consumer Price Index (CPI) once again surpassed economist expectations in September, adding fresh pressure on the Federal Reserve to consider raising interest rates further. September CPI Report: Highlights Inflation grew at a 3.7% year-over-year pace last month, unchanged from August’s...

Well-known economist Peter Schiff has challenged the interpretation of recent core CPI data, stating that it does not reflect the real inflation situation, which he believes is linked to the surge in public and private debt. What Happened: On Tuesday, Schiff took to Twitter to air his views on the...

On Friday, U.S. stocks displayed negative performance and were poised to conclude the month with declines across various sectors except for energy. The S&P 500 is heading for its fourth consecutive week of losses, marking a negative streak that has not been observed so far this year. September...

Well-known investor Peter Schiff has challenged Nobel laureate Paul Krugman to a debate on the winner of the inflation war, expressing a contrasting viewpoint to Krugman’s recent declaration. What Happened: Schiff, in his post on X, formerly Twitter, was at odds with...

The battle against inflation has been largely victorious, without the need for a recession, according to well-known economist Paul Krugman. This comes despite the recent U.S. inflation surge of 3.7% year-on-year in August, as reported by the Consumer Price Index (CPI),  Business Insider...

Prominent economist and Obama-era Chair of the Council of Economic Advisers Jason Furman, in a recent tweet thread, shared his analysis of inflation patterns and the potential implications for the Federal Reserve’s future decisions. What Happened: Furman, in his posts on X, formerly Twitter,...

Following the conclusion of the Apple Wonderlust event, the market’s attention is shifting to Wednesday morning, when Consumer Price Index (CPI) inflation data will be released. According to the forecasts, this forthcoming inflation report is expected to diverge significantly from recent ones...

The picture on Wall Street is mixed Tuesday as the broader S&P 500 index experiences a slight dip, primarily due to tech’s lackluster performance. In contrast, small-cap and blue-chip stocks are edging higher. The tech sector is eagerly anticipating upcoming product releases, notably...

The Consumer Price Index rose from 3% in June to 3.2% in July, narrowly missing the anticipated 3.3%. Core inflation (excluding energy and food) was down marginally from 4.8% in June to 4.7% in July, cooler than the projected 4.8%. Traders pushed the broad market SPDR S&P 500 (NYSE:SPY) more...

After 12 consecutive months of declining inflation rates from an over four-decade highs of 9.1% in June 2022, the annual increase in the Consumer Price Index (CPI) basket saw a fresh uptick from 3% in June 2023 to 3.2% in July 2023, but below economist expectations of 3.3%. The data announced on...