Page 8 - Us Inflation

US new home sales fall to one-year low in Nov, decline 'likely temporary'

New home sales decreased 12.2% to a seasonally adjusted annual rate of 590,000 units last month, the lowest level since November 2022, the Commerce Department's Census Bureau said

Dollar softens, sterling squeezes as focus turns to US inflation figures

The dollar dipped on Thursday while sterling crosses were nursing losses in holiday-thinned trade ahead of the last major data release of the year in Friday's US inflation figures

US consumer confidence rises to five-month high, home sales eke out gains

Though consumers continued to worry about inflation, many were planning to buy motor vehicles, houses and major appliances like refrigerators and clothes dryers over the next six months

US economy still strong as retail sales beat expectations, layoffs stay low

Retail sales increased 4.1% year-on-year in November. Though the pace has slowed as households adjust to higher borrowing costs and prices, it remains sufficient to ward off a recession

Rupee ends 1 paisa lower at 83.38 against dollar ahead of US CPI data

The rupee closed at 83.3875 against the U.S. dollar, barely changed from its close at 83.3925 in the previous session. The unit hovered between 83.36 and 83.39 on Tuesday

US inflation likely cooled again last month as Fed prepares to assess rates

This year's steady slowdown in US inflation likely continued in November, though the latest data may also point to steadily higher prices in some areas of the economy. Tuesday's inflation report from the Labor Department is expected to show that businesses kept overall prices unchanged for a second straight month. Falling gas prices, in particular, are thought to have offset a rise in food costs from October to November. And compared with a year earlier, inflation is expected to ease to 3.1 per cent from 3.2 per cent in October, according to a survey of economists by FactSet. But a closely watched category called core prices, which excludes volatile food and energy costs, is predicted to rise 0.3 per cent from October to November a monthly pace that far outpaces the Federal Reserve's 2 per cent annual inflation target. On a year-over-year basis, core prices are expected to increase 4 per cent, the same as in October. The Fed considers core prices to be a better guide to the likely

Indian govt bond yields steady before key US Nov inflation prints

India's retail inflation likely picked up in November due to higher food prices after declining for three months, bringing it closer to the upper end of the RBI's 2%-6% target range, a poll found

Fed pivot to interest-rate cuts seen likely to start in May, traders bet

A separate report Friday showed U.S. consumer sentiment improved more than expected in December as households saw inflation pressures easing

US consumer spending slows in October, weekly jobless claims rise slightly

Fears that the economy could slide into recession in early 2024 could see households reluctant to spend and instead build their savings

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