Breaking: Inflation ticked up last month to 3.2%. But steady monthly readings on underlying price pressures could deter the Federal Reserve from raising rates.
Updated Aug. 10, 2023 9:03 am ETThis week’s releases include the CPI inflation report, earnings reports from UPS and Disney.
Data from the latest consumer credit report and quarterly household debt are also expected. WSJ’s Dion Rabouin breaks it down. Photo: Joe Raedle/Getty Imagesremained modest for the month, possibly deterring the Federal Reserve from raising rates in September.Continue reading your article with
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Federal Reserve Official: More U.S. Rate Hikes Needed to Combat InflationGovernor Michelle Bowman stated that the U.S. Federal Reserve will likely have to increase interest rates in order to reduce inflation, as strong consumer spending, a rebound in the housing market, and a robust labor market contribute to higher prices.
Baca lebih lajut »
Stock market news today: Investors look to upcoming CPI inflation dataUS stocks moved higher on Monday as investors turn their attention to upcoming inflation data and whether that will impact the trajectory of the Federal Reserve's current interest rate trajectory. July CPI data will be released later this week on Thursday.
Baca lebih lajut »
Federal Reserve Governor Hints at More Interest Rate HikesFederal Reserve Governor Michelle Bowman suggests that additional interest rate hikes may be necessary in order to bring inflation closer to the Fed's target.
Baca lebih lajut »
CPI Preview: Bitcoin Unlikely to Get Bullish Catalyst From July Inflation DataBitcoin bulls are not likely to find a positive catalyst from the July Consumer Price Index report, as economists expect a 0.2% increase on a monthly basis, the same as June. Year-over-year growth is forecast at 3.3%, up from 3% in June. Markets have already priced in rate cuts for 2024, and the Fed is not expected to make any more rate hikes this year.
Baca lebih lajut »
CPI report may show uptick in US inflation — How will Bitcoin price react?The S&P 500, gold and other assets trade near all-time highs while Bitcoin price remains pinned below $30,000. noshitcoins investigates how an uptick in inflation could impact BTC price.
Baca lebih lajut »