September 12, 2024 @ 3:10 pm | Breaking News |
Definitely a mixed bag in the Consumer Price Index inflation report for August released yesterday. I think the mixed results lower the odds of an aggressive 50 basis point interest rate cut at next week’s Federal Reserve meeting. But they keep the odds of a...
August 12, 2024 @ 8:41 am | Breaking News |
Expect a final inflation test this week before the Federal Reserve meets on September 18. Unless there’s a huge surprise in the Wednesday, August 14, CPI report, the Fed will cut interest rates for the first time at that meeting. The Federal Reserve Bank of...
November 12, 2023 @ 7:43 pm | Breaking News |
I expect Tuesday’s Consumer Price Index report for October to be critical in determining whether the Christmas rally narrative can be sustained. Right now, short-term, stocks look like they want to move higher. That trend is built on a narrative that says, the...
October 9, 2023 @ 5:47 pm | Breaking News |
In one of my recent posts I wrote that the trend for the market is very uncertain at the moment and very dependent on news. This week will bring some of the news that will determine the market trend. Here’s a list in order of my sense of importance to the...
May 10, 2023 @ 11:01 pm | Breaking News |
CPI inflation ticked lower in April with the all-items (headline) inflation rate nudging down to a year-over-year 4.9%. The core rate, which excludes food and energy prices, also slipped lower to a year-over-year 5.5% from a 5.6% rate in March. On a month-to-month...
November 10, 2022 @ 7:20 pm | Breaking News |
This morning, November 10, the Bureau of Labor Statistics reported that the annual inflation rate fell to 7.7% in October. That was below the 8.2% annual are in September and below the 7.9% annual rate project by economists surveyed by the Wall Street Journal. The...
February 10, 2022 @ 7:22 pm | Breaking News |
CPI inflation climbed at a 7.5% annual rate in January, the Bureau of Labor Statistics reported this morning. That was above the 7.3% expected by economists surveyed by Bloomberg and a big jump from the 7.0% annual rate reported in December. The inflation number just...
December 9, 2021 @ 7:03 pm | Breaking News, Buy Hold Sell |
Tomorrow’s inflation report–the Consumer Price Index (CPI) flavor–has the potential to end the recent uptick in stocks and send prices back down and volatility back up. Right now economists surveyed by Bloomberg are expecting a year over year...
September 14, 2021 @ 6:41 pm | Breaking News |
This morning the Bureau of Labor Statistics reported that the Consumer Price Index (CPI) rose 0.3% in August (on a seasonally adjusted basis.) That comes after a 0.5% increase in July. Year over year the headline CPI rose 5.3% in August. That’s slightly below...
September 13, 2021 @ 7:53 pm | Breaking News |
Economists expect the Consumer Price Index (CPI) to have edged lower in August in tomorrow morning’s report. Expectations are that the Core CPI, which excludes volatile food and energy prices, fell in August to a 4.2% year over year rate. The core CPI hit 4.5%...
February 13, 2019 @ 7:32 pm | Breaking News, Volatility, You May Have Missed |
For January, headline Consumer Price Index (CPI) inflation was unchanged, thanks to falling oil prices-the energy component of the index was down 3.1% for the month. The Core CPI, which excludes more volatile food and energy prices and is closer to the PCE inflation...
August 10, 2018 @ 7:30 pm | Breaking News, Volatility, You May Have Missed |
Granted the Federal Reserve watches the Personal Consumption Expenditures Index to measure inflation, but the big jump in the July Consumer Price Index should remove the last doubts (if any remain) about a September interest rate increase from the Fed. The headline...
February 14, 2018 @ 7:04 pm | Breaking News, You May Have Missed |
Headline CPI (Consumer Price Index) inflation climbed 0.5% in January, the Labor Department announced today. That was above the 0.4% increase expected by economists surveyed by Briefing.com. (Economists surveyed by Bloomberg had expected a 0.3% increase.) Core CPI,...
February 12, 2018 @ 7:24 pm | Breaking News, Volatility |
The Standard & Poor’s 500 and the Dow Jones Industrial Average both finished in the green today, up 1.39% and 1.70%, respectively, after having held off a bout of selling around 3:46 p.m. New York time. Volatility also made progress on returning to normal....
May 8, 2017 @ 7:16 pm | Breaking News, Volatility, You May Have Missed |
Friday’s Consumer Price Index release will have extraordinary power. Maybe even enough to move the financial markets. Ordinarily, the monthly report of inflation in the Consumer Price Index isn’t a market-shaking event. The CPI isn’t the inflation...
January 18, 2017 @ 6:37 pm | Breaking News |
Granted the Consumer Price Index isn’t the inflation index that the Federal Reserve prefers but until the next release of that measure–the Personal Consumption Expenditures Price Index scheduled for January 30–the CPI is what we’ve got. In...