
US Inflation Data Fuels Expectations for Fed Rate Hike
Higher-than-expected core CPI figures and declining consumer sentiment have increased market odds of a Federal Reserve interest rate hike in the coming months.
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Higher-than-expected core CPI figures and declining consumer sentiment have increased market odds of a Federal Reserve interest rate hike in the coming months.

US inflation eased slightly in July, with a notable slowdown in energy and food prices, offering some breathing room for the Federal Reserve. Despite the moderation, overall prices remain elevated, and the situation leaves the Fed uncertain about future rate hike decisions.
US consumer inflation has reached a three-year high, with analysts attributing the surge in prices partly to the ongoing conflict in Iran.

The US consumer price index (CPI) rose to 3.8 percent year-on-year, a three-year high, attributed to an oil shock stemming from the Iran War.

A surge in prices at the pump due to the Iran war has pushed the inflation rate to 3.3%.

The Bank of Japan is expected to raise interest rates by 25 basis points next week, supported by steady core inflation and elevated producer prices. Meanwhile, U.S. consumer inflation picked up in August, with beef prices remaining notably higher than a year ago.

US inflation slowed to 3.5% in June, a larger-than-expected decline attributed partly to easing energy prices and a brief US-Iran peace deal. This cooling inflation has reduced immediate pressure on the Federal Reserve for further interest rate hikes, though the option remains open.

US consumer inflation has reached a three-year high, leading to mixed and lower trading on Wall Street and global markets. The surge in inflation is partly attributed to uncertainties surrounding a potential conflict with Iran.

Inflation rates accelerated in April across several major economies, with the US, India, and Germany all reporting increases. India's retail inflation rose to 3.48%, while Germany's jumped to 2.9%.
US inflation held steady at 2.4 per cent in February, with the White House expecting war-related price shocks to be “temporary.”

The New York Fed reported that one-year inflation expectations among US consumers remained unchanged in August. This stability aligns with broader Federal Reserve data on consumer outlooks.
A recent survey by the New York Federal Reserve indicates that US consumers' near-term inflation expectations increased in June. This rise in expectations could present a new challenge for the Federal Reserve's monetary policy.

The U.S. Senate confirmed Kevin Warsh, a pick by President Trump, to the Federal Reserve Board of Governors in a close vote. His confirmation positions him as a potential candidate for the Fed chair.

Trump tries to muscle the Holy See as Catholic voters turn against him and the Iran war.