Page 5 - Us Inflation

US weekly jobless claims up slightly, strong rise in unit labour costs

Though the labor market is easing, wage pressures are not showing a significant cooling, casting a shadow over the inflation and interest rate outlook

Markets decline for second consecutive week; Sensex ends 230 points lower

Only 3rd such instance for Nifty this year

Gold recovers slightly after 6 sessions ahead of key US inflation data

Spot gold was up 0.3 per cent at $2,615.19 per ounce, as of 0833 GMT. US gold futures edged 0.2 per cent higher to $2,632.30

Dollar edges down against yen after signs of labour market weakness

The greenback was down 0.39 per cent at 148.71 yen after rising to as high as 149.58 yen for the first time since Aug. 2 . The euro dropped to its lowest since Aug. 9 against the dollar

US consumer prices rise slightly in Sep, keep hopes of rate cut alive

The consumer price index increased 0.2 per cent last month after gaining 0.2 per cent in August, the Labor Department's Bureau of Labor Statistics said

US inflation likely cooled again last month in sign of healthy economy

US inflation last month likely reached its lowest point since February 2021, clearing the way for another Federal Reserve rate cut and adding to the stream of encouraging economic data that has emerged in the final weeks of the presidential campaign. The consumer price index is expected to have risen just 2.3% in September from 12 months earlier, down from the 2.5% year-over-year increase in August, according to economists surveyed by FactSet, a data provider. A reading that low, likely reflecting lower gas prices and only a slight rise in food costs, would barely exceed the Fed's 2% inflation target. A little over two years ago, inflation had reached a peak of 9.1%. Measured month over month, consumer prices are thought to have risen a scant 0.1% from August to September, down from a 0.2% increase the previous month. The improving inflation data follows a mostly healthy jobs report released last week, which showed that hiring accelerated in September and that the unemployment rate

Gold's fall continues on sixth day ahead of Fed meet, US inflation data

Even after the losses, gold prices are set for an over 25 per cent rise this year after prices hit a record peak of $2,685.42 on Sept. 26

Rupee to gauge trimmed bets of large Fed cut, US inflation data in focus

US jobless claims declined to a four-month low while gross domestic product grew at an unrevised 3 per cent

US inflation at turning point, focus should shift to jobs: WH's Brainard

Brainard, the former Fed vice chair who now serves as the director of the White House National Economic Council, said the Biden administration's focus now is to support growth and the labour market

US consumer prices rise 0.2% in Aug, underlying inflation shows stickiness

In the 12 months through August, the CPI advanced 2.5 per cent. That was the smallest year-on-year rise since February 2021 and followed a 2.9 per cent increase in July

US inflation-adjusted income rose in 2023 while poverty rate edged up: Data

Employment growth averaged around 250,000 new nonfarm payroll jobs a month over the course of 2023, well above the 183,000 average over the decade preceding the pandemic

Asia shares rise marginally with focus on US inflation test, Fed meet

Japan's Nikkei last traded 0.4 per cent higher, helped by gains in financial and consumer names

As Fed's focus shift to protecting job market, policy needs to catch up

Powell's signal of coming rate cuts completed a Fed shift that began in January when it acknowledged emerging job market risks

Global rally, DII buying: Reasons why BSE Sensex jumped 1,300 pts on Aug 16

Hopes of US rate cut triggers global stock market rally: The BSE Sensex rallies past the 80,000 mark, and the NSE Nifty surges atop 24,400 led by strong gains in IT and private bank shares on Friday.

Trump attacks Harris on inflation, economics in remarks at his golf club

Former President Donald Trump has said that Americans are struggling with massive price hikes that he blamed on Vice President Kamala Harris, looking to saddle his new Democratic rival with the unpopular economic record of President Joe Biden. Trump on Thursday stuck close to his scripted economic message, reading from a binder in front of him in a news conference at his New Jersey golf club. A day earlier, he struggled to make a sustained case for his economic policies during a meandering speech that his campaign had billed as a major policy address. Kamala Harris is a radical California liberal who broke the economy, broke the border and broke the world, frankly, Trump told reporters. Trump was flanked by popular grocery store items, including instant coffee, sugary breakfast cereals and pastries, laid out on tables as he highlighted the cost of everything from food to car insurance to housing. The event came one day after the Labor Department announced year-over-year inflation h

Warren Buffett's Berkshire halves stake in Apple, now has $270 bn cash pile

With the recent sell-offs, Warren Buffett-led Berkshire Hathaway has raised its cash position relative to total assets in the June quarter to 25 percent

US consumer prices rebound in July, trend consistent with ease in inflation

The consumer price index increased 0.2 per cent last month after falling 0.1 per cent in June, the Labor Department's Bureau of Labor Statistics said

India bond yields marginally lower as traders await US inflation data

India's retail inflation eased in July due to vegetable inflation falling and high base effect as annual retail inflation was 3.54 per cent in July, lowest since Aug 2019, down from 5 per cent in June

US producer inflation slows in July amid signs of pricing power diminishing

The report from the Labor Department on Tuesday also showed favorable readings for most of the components that go into the calculation of the personal consumption expenditures

Rupee flat, forward premiums dip as focus shifts to US inflation data

The rupee has struggled over the last two weeks amid outflows from local stocks