The annual pace of inflation in the US rose to 8.6% in May according to the latest Consumer Price Index data released by the US Bureau of Labour Statistics on Friday. That was above the expected reading of 8.3%. MoM, the headline inflation rate was 1.0%, well above the expected …
Read More »CPI Index Preview: Is there any room for policy surprise?
The annual CPI forecast to be unchanged at 8.3% in May. Core prices expected to drop to 5.9% from 6.2%. Steep oil and fuel price gains in May could push inflation risk upward. Fed tightening policy will be unchanged and eventually markets are expected to react to differentials.April’s small decline …
Read More »Before FOMC’s Meeting, Experts Still React To CPI Data
The Bureau of Labor Statistics this week reported that the Consumer Price Index, the most widely used measure of inflation, rose 0.8% in February, up 7.9% over the last twelve months. Just after the BLS’s data, the Brookings Institution gathered a host of experts to explain what the latest CPI …
Read More »What’s After White House’s Alert On CPI?
Ahead of Thursday’s key US Consumer Price Index data scheduled for New York’s morning session, the White House says tomorrow’s inflation data will show a high year-on-year figure.The White House states that its irrelevant month on month number will continue trending lower the rest of the year.The consensus in the …
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