Page 8 - Us Inflation

US economy grew 5.2% in third quarter, faster than first estimated

Consumer spending advanced at a less-robust 3.6% rate, according to the government's second estimate of the figures issued Wednesday

Helped lower inflation: Biden as he hosts meeting of supply chain council

President Joe Biden opened the first meeting of his supply chain resilience council by warning companies against price gouging and saying that his administration was working to lower costs for US families. "We know that prices are still too high for too many things, that times are still too tough for too many families," Biden said on Monday. "But we've made progress." The president has blamed inflation on issues such as supply chains and Russia's 2022 invasion of Ukraine, while Republican lawmakers say the run-up in prices was triggered by the USD 1.9 trillion in coronavirus relief that Democrat Biden signed into law in 2021. Biden used the council meeting to announce 30 actions to improve access to medicine and needed economic data as well as other programmes tied to the production and shipment of goods. He said he was tackling "junk fees", hidden charges that companies sneak into bills just because they can and customers have no alternative. The council follows an earlier task f

Sale of new US single-family homes falls more than expected in October

New home sales dropped 5.6% to a seasonally adjusted annual rate of 679,000 units last month, the Commerce Department said on Monday

Inflation expectations climb in US, Americans predict 4.5% rise in 2024

Americans expect prices will climb at an annual rate of 4.5% over the next year, up from the 4.4% expected earlier in the month, according to the final November reading from the University of Michigan

Easing inflaton lifts Sensex 742 pts, Nifty atop 19,650; Realty, IT lead

Closing Bell on November 15, 2023: Tech M, Wipro, Tata Steel, Infosys, Tata Motors, JSW Steel, TCS, Reliance Industries, Axis Bank, ITC, HCL Tech, and HDFC Bank were top Sensex gainers

Easing inflation, US yields: Key reasons why Sensex, Nifty rallied on Wed

Analysts said the recent inflation reading in the US suggests the Fed may be done with rate hikes and the timeline for rate cuts in 2024 could be sooner than expected

US inflation slows sharply in October, core pressures ease to 2-year low

In the 12 months through October, the CPI climbed 3.2 per cent after rising 3.7 per cent in September

US CPI inflation softens to 3.2% after rising 3.7% in Sep, dollar weakens

"Another rate hike from here looks less likely given this softer inflation data," Miskin said

Gold prices hold steady as investors awaits key US inflation data

Core US CPI month-over-month is expected to have risen 0.3% in October, with a year-over-year increase of 4.1%, a poll showed. Both estimated gains are the same as in September

US economic outlook strengthens, inflation progress bumpy: Survey

Forecasters see more straightforward progress on the so-called core measures for both CPI and PCE inflation, which strip out the more volatilie components of food and energy

Food insecurity shot up last year with inflation, end of Covid aid: Report

An estimated 17 million households reported problems finding enough food in 2022 a sharp jump from 2021 when boosted government aid helped ease the pandemic-induced economic shutdown. A new Department of Agriculture report, released Wednesday, paints a sobering picture of post-pandemic hardship with statistically significant increases in food insecurity across multiple categories. Using a representative survey sample of roughly 32,000 American households the report said 12.8% (17 million households) reported occasional problems affording enough food in 2022 up from 10.2% (13.5 million households) in 2021 and 10.5% (13.8 million households) in 2020. Analysts and food security professionals point to the dual impact last year of high inflation and the gradual expiration of multiple pandemic-era government assistance measures. This underscores how the unwinding of the pandemic interventions and the rising costs of food has taken hold, said Geri Henchy, director of nutrition policy for

US consumer prices rise on surge in rents, underlying inflation cools

Weekly jobless claims unchanged at 209,000

US inflation rose modestly as Fed officials signal no rate hike likely

Inflation in the United States likely eased again last month, though the decline might have slowed since summer, a reminder that the outsize price pressures of the past two years will take more time to cool. Consumer prices are forecast to have risen 0.3% from August to September, according to economists surveyed by the data provider FactSet. Such a rise would be much slower than the previous month's 0.6% price increase but still too fast to match the Fed's 2% inflation target. Excluding volatile food and energy costs, core prices likely also rose 0.3% in September, the same as in August. The Federal Reserve tracks the core figure in particular as a good indicator of the likely future path of inflation. Thursday's inflation data could bolster or undercut the growing belief that the Fed can tame inflation through the series of 11 interest rate hikes it imposed beginning in March 2022 without causing a recession. Hiring surged unexpectedly in September, the government reported last

Indian rupee to receive help from pullback in oil, traders eye US inflation

Non-deliverable forwards indicate rupee will open marginally higher than 83.1875 in the previous session

Sensex rises 246 pts, Nifty holds 20,050 in broad rally; PSB index zooms 4%

Closing Bell on September 13, 2023:The gains were led by Bharti Airtel (up 2.7 per cent), Titan, Axis Bank, SBI, IndusInd Bank, Power Grid, NTPC, Tata Motors, Ultratech Cement, and Bajaj Finance

Gold ticks down by 0.2% as US inflation data eyed for Fed rate cues

Spot gold was down 0.2% to $1,918.72 per ounce by 1016 GMT, while U.S. gold futures dipped 0.3% to $1,941.70

US inflation outlook stable, credit pessimism rises in Fed survey

Median one-year-ahead inflation expectations rose slightly last month to 3.6% from 3.5% in July, the New York Fed said Monday

US consumer likely to start cutting back, hurting economy and stocks

The finding is at odds with the optimism that's permeated US equity markets for most of the summer, as cooling inflation and low unemployment bolstered hopes for a so-called soft landing

Near-term inflation outlook at lowest since 2021 in US Fed survey

The findings are in line with other reports showing that price pressures and consumers' inflation expectations are cooling

Sensex down for 2nd day, dips 365 pts; Nifty near 19,400; all but PSBs fall

CLOSING BELL ON AUGUST 11, 2023: 14 out of the Sensex 30 stocks declined over a per cent each, while HCL Tech gained 3 per cent on Friday.