A stronger-than-expected September Consumer Price Index report has not shifted the overall market narrative of continued disinflation, nor has it altered expectations for a potential interest rate cut in November. Headline inflation came in slightly above forecasts. The Consumer Price Index rose by 2.4% in September from a year earlier.
Today, we got the September Consumer Price Index report which showed an overall increase of 2.4% for the last year and 0.2% for the month. The all-items CPI is down substantially but the Core rose for the first time in over a year. This fell from 2.8% to 2.4% in the last month. Food: Food inflation came in at 2.4%, down 0.1% from last month.
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Editor?s note: This story has been updated with additional details. The U.S. inflation rate extended its decline in September for the sixth consecutive month, though the pace was slower than economists had anticipated, and core inflation saw an unexpected rise.
The U.S. inflation rate extended its decline in September for the sixth consecutive month, though the pace was slower than economists had anticipated, and core inflation saw an unexpected rise.
Berkshire Hathaway has successfully secured 281.8 billion yen, approximately $1.9 billion, via a yen-denominated bond offering. What Happened: This issuance of Samurai bonds highlights Warren Buffett?s increasing interest in Japan?s financial markets.
Minutes from the September Federal Open Market Committee meeting released Wednesday show that a back-and-forth likely took place among members about whether to cut interest rates by 25 basis points or the 50-basis-point reduction, with the latter ultimately chosen.
Professional crypto trader Justin Bennett shared his insights on Bitcoin's market volatility and future predictions ahead of the FOMC minutes meeting. What Happened: Bennett took to social media to highlight that the meeting minutes are not a Fed rate decision, which is why does not expect as much volatility as typically seen from a Fed rate decision.
The September Consumer Price Index report, set to be released on Thursday, Oct. 10 at 8:30 a.m. ET, will play a pivotal role in shaping the Federal Reserve's next move ahead of its Nov. 7 meeting. Economists anticipate further cooling inflation, largely driven by falling energy prices.
U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining around 200 points on Tuesday. The Dow traded up 0.17% to 42,026.90 while the NASDAQ rose 1.15% to 18,130.79. The S&P 500 also rose, gaining, 0.75% to 5,738.42. Check This Out: Top 2 Energy Stocks You May Want To Dump In Q4 Leading and Lagging SectorsInformation technology shares jumped by 1.4% on Tuesday.
In a recent statement, Federal Reserve Governor Adriana Kugler expressed her support for additional interest rate cuts, contingent on continued decreases in inflation. What Happened: Kugler emphasized the importance of balancing inflation control with employment growth, aligning with the Federal Open Market Committee?s dual mandate of price stability and maximum employment.
John Williams, President of the New York Federal Reserve, expressed confidence in the Federal Reserve?s strategy to achieve a soft landing for the U.S. economy. What Happened: Williams highlighted the importance of the ?very good? jobs report for September, which underscored the economy?s resilience.
The CNN Money Fear and Greed index showed a decline in the overall market sentiment, but the index remained in the ?Greed? zone on Monday. U.S. stocks settled lower on Monday, with the Dow Jones index dipping around 400 points during the session amid higher Treasury yields.
Stronger-than-expected U.S. economic data and surging oil prices are reshaping market expectations for the Federal Reserve?s November meeting. Traders, who initially expected an aggressive 50-basis-point rate cut, are now opting on a smaller 25-basis-point move, with odds of a potential pause in the Fed?s easing cycle surging sharply in recent hours.
Last Friday's US economic data showed a big beat across the board. Let's take things from the beginning. Perhaps the Fed is forecasting an upturn in unemployment and a further fall in inflation & GDP, and they ? uncharacteristically ? are trying to be proactive rather than reactive. Headline employment numbers might look good on paper, but what happens when we dig deeper into the details?
In a recent development, David Roche, a strategist at Quantum Strategy, has raised alarms over the Federal Reserve?s decision to slash interest rates by 50 basis points. What Happened: Roche argues that the rate cut gives a misleading impression of economic weakness, despite strong employment data, CNBC reported on Monday.
The past week has been a rollercoaster ride for the U.S. economy. Let?s dive into the top stories of the week. US Economy Adds 254,000 New Jobs In September The U.S. labor market showed signs of robust health as it added 254,000 nonfarm payroll jobs in September, a significant improvement over August?s revised figure of 159,000. Read the full article here.
The September jobs report came in hotter than predicted, with U.S. payrolls increasing by 254,000 and the unemployment rate surprisingly slipping to 4.1%. Wage growth exceeded expectations, rising 0.4% month-over-month and 4% year-over-year. These robust numbers have sparked a fresh debate among economists about the Federal Reserve's next move.
By RoboForex Analytical Department The EUR/USD pair has descended to 1.1027, marking its lowest point in three weeks. Recent data revealed that the Eurozone's annual Consumer Price Index decreased to 1.8% in September, the lowest since April 2021 and below the forecasted 1.9%. Moreover, core inflation dipped to 2.7% year-on-year from 2.8%, contrary to expectations of remaining steady.
Editor?s note: This story has been updated with additional details. Signs of a healthy labor market emerged from the official September jobs report, as the U.S. economy added 254,000 nonfarm payroll jobs last month, reflecting a strong improvement over August's upwardly revised figure of 159,000.
Signs of a healthy labor market emerged from the official September jobs report, as the U.S. economy added 254,000 nonfarm payroll jobs last month, reflecting a strong improvement over August's upwardly revised figure of 159,000. This pace of job creation sharply exceeded economist forecasts, offering fresh optimism for the labor market's resilience.
China has made the bold move of copiously stimulating the economy and two economists weighed in on the development in two separate opinion pieces contributed to Project Syndicate. The Largesse: The Chinese central bank announced a 50 basis-point cut to its mandatory reserve ratio and cut its benchmark policy rate by 0.2 percentage points. Delayed Response?
In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.
Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.
Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.
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