Page 9 - Us Inflation

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.

US inflation rises to 3.2% rate, but underlying measures remain mild

Inflation in the United States rose in July after 12 straight months of declines, boosted by costlier housing. But excluding volatile food and energy prices, so-called core inflation matched the smallest monthly increase in nearly two years. The inflation figure the government reported Thursday showed that consumer prices increased 3.2 per cent from a year earlier. That was up from a 3 per cent annual rise in June, which was the lowest rate in more than two years. The July inflation figure remained far below last year's peak of 9.1 per cent, though still above the Federal Reserve's 2 per cent target. The Fed, economists and investors, though, pay particular attention to the core inflation figures for signs of where inflationary pressures might be headed. From June to July, core inflation remained a tame 0.2 per cent. Thursday's price data will be among the key barometers the Fed will weigh in deciding whether to continue raising interest rates. In its drive to tame inflation, the

Sensex ends 308 pts lower post RBI policy, Nifty near 19,550; Zee zooms 20%

CLOSING BELL ON AUGUST 10, 2023: Private bank and select auto stocks ended with notable losses after the RBI on Thursday asked banks to maintain Incremental Cash Reserve Ratio (ICRR) at 10 per cent.

Rupee eyes RBI monetary policy decision, US inflation data to follow

Non-deliverable forwards indicate the rupee will open barely changed to the U.S. dollar from 82.8150 on Wednesday. In the last two sessions, the currency has been in the range of around six paisa

Gold off three-week lows as investors brace for US inflation data

Markets also took stock of labor department data showing solid wage gains and a decline in the unemployment rate that suggested continued tightness in labor market conditions

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US inflation data may offer some comfort to the Fed, CPI may rise 0.2%

Compared with a year earlier, the Labor Department's underlying gauge is forecast to rise 4.8 per cent, according to the median projection in a Bloomberg survey of economists

US annual inflation slows in June; labour costs cool in second quarter

Receding inflation has raised cautious optimism of a "soft landing" for the economy envisaged by Fed officials rather than the recession that most economists have been predicting

US doesn't have to fall into recession: BlackRock Inc's Rick Rieder

Rieder expressed his views on whether the US economy is out of crisis mode in terms of inflation, he said that once the inflation rate reaches close to three per cent, it becomes less concerning

Brent oil hovers above $80 per barrel after US inflation eases: Report

Markets expect one more interest rate rise before the US rate-hiking cycle peaks. Higher rates can slow economic growth and reduce oil demand

Sensex sheds 505 pts from summit, ends 165 pts up; PSU banks crack; IT gain

CLOSING BELL ON JULY 13, 2023: The NSE Nifty50 hit a new high of 19,567, before finishing with a modest gain of 29 points on Thursday. Broader indices ended in red.

Americans get a break from price rise; inflation up just 0.2%, CPI rises 3%

Treasury yields plummeted, the S&P 500 opened higher and the dollar slid following the report. The chances of an additional Fed rate increase after this month slipped to well below 50%