Tag
#CPI
US inflation hits 4.2% as energy costs surge in May
US inflation hit 4.2% in May, the fastest pace in three years, as higher energy costs complicated the Fed's rate path near term.
Warsh Confirmation Meets 3.8% CPI as Rate-Hike Bets Eclipse Cuts
The April consumer price index rose 3.8 per cent year-over-year, beating every Wall Street estimate as Kevin Warsh's Senate confirmation vote approaches. Markets now price a greater than 50 per cent chance of a rate increase by January 2027, upending the rate-cut mandate that defined his nomination.
April CPI seen at 3.7%, highest since 2023, on Iran oil spike
The April consumer price index is expected to show US inflation accelerating to 3.7% year-on-year, the fastest pace since September 2023, as the oil shock from military strikes on Iran feeds through to gasoline and grocery prices.
Markets face April CPI test as earnings tide lifts tech to records
Investors head into the week of May 11 facing the April consumer price index and earnings from Circle, Nebius, and Applied Materials. The S&P 500 gained 2.3 per cent last week and the Nasdaq closed at a record, with the tech sector up 7 per cent.
