Inflation falls to three-year low; consumer price index rose by only 2.5 percent in August
The post-pandemic surge in inflation in the US continued to ease last month as year-on-year price increases hit a three-year low, paving the way for a rate cut by the Federal Reserve next week. The Labor Department’s report released Wednesday…
Here is the inflation breakdown for August 2024 – in one chart
Grace Cary | Moment | Inflation continued to decline in August, suggesting that the rapidly rising prices that have plagued the U.S. economy for most of the three years of the pandemic are increasingly fading into the background. Inflationary pressures…
CPI Inflation Report August 2024:
Prices rose as expected in August, while the annual inflation rate fell to its lowest level since February 2021, according to a Labor Department report released Wednesday that sets the stage for an expected quarter-percentage point interest rate cut by…
Stock prices mostly rise as important inflation report meets expectations
Over the years, I have developed an absolutist view of reporting on financial markets, which holds that something good has happened when a stock goes up, and something bad has happened when a stock goes down. The beauty of markets…
Stock prices rise slightly as key inflation report meets expectations
US stocks rose slightly on Wednesday as Wall Street digested an important signal on consumer prices that is likely to help determine the near-term future of interest rate policy. The S&P 500 (^GSPC) and the tech-heavy Nasdaq Composite (^IXIC) rose…
Stocks rise ahead of US CPI data; pound weakens: Markets Wrap
(Bloomberg) — European stocks followed Asian shares higher on speculation that Wednesday’s U.S. consumer prices report will allow the Federal Reserve to begin cutting interest rates in September. Most read by Bloomberg UBS Group AG led gains among European financial…
Technology stocks lead rally after inflation data sets CPI table
It was a shocking announcement from Starbucks early Tuesday morning after the struggling coffeehouse chain announced that Chipotle (CMG) Chairman and CEO Brian Niccol will become its next CEO, effective September 9. Niccol takes over the position from Lax Narasimhan,…
Technology stocks lead rally after inflation data sets CPI table
It was a shocking announcement from Starbucks early Tuesday morning after the struggling coffeehouse chain announced that Chipotle (CMG) Chairman and CEO Brian Niccol will become its next CEO, effective September 9. Niccol takes over the position from Lax Narasimhan,…
S&P 500 and Nasdaq rise after weak inflation data
It was a shocking announcement from Starbucks early Tuesday morning after the struggling coffeehouse chain announced that Chipotle (CMG) Chairman and CEO Brian Niccol will become its next CEO, effective September 9. Niccol takes over the position from Lax Narasimhan,…
US stocks rise as key inflation data comes in cool
U.S. stocks opened higher on Tuesday as Wall Street digested lower-than-expected inflation data and awaited an update on consumer prices. The S&P 500 (^GSPC) rose about 0.7%, while the tech-heavy Nasdaq Composite (^IXIC) gained about 1%. The Dow Jones Industrial…
