US October CPI reduces the likelihood of another 75 bps hike at December – Wells Fargo – by MSalordFX UnitedStates CPI Banks
rgo, the data reduces the likelihood of another 75 basis points rate hike at the December 14 FOMC meeting. “The overall consumer price index rose 0.4% in October, which was lower than expected. Gasoline prices helped to push up the overall CPI, but consumers caught a break with a smaller increase in food prices.”
“Today's news on inflation is certainly welcome, and it reduces the likelihood of another 75 bps rate hike at the December 14 FOMC meeting. That said, the core CPI rose at an annualized rate of 5.8% between July at October, which is still much too high for the Committee's liking. It likely will be a number of months yet until the FOMC feels confident that inflation is indeed receding back toward its target of 2%.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
October CPI expected to show inflation still ran hot even as some goods prices cooledConsumer inflation may have come down slightly in October as goods prices declined, but prices for services and rents continued to climb.
Les mer »
U.S. inflation likely to post another sharp increase in October, CPI to showThe rate of inflation probably rose 0.6% last month after a 0.4% increase in September, economists polled by The Wall Street Journal forecast. Here’s what to watch in the consumer price index on Thursday morning.
Les mer »
US CPI rose 7.7% in October, falling below estimatesInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Les mer »
CPI Report Live Updates: Dow Gains 800 Points as Inflation Eased to 7.7% in OctoberThe Dow rose 800 points after data showed inflation eased
Les mer »
Jim Cramer warns that growth stocks could see ‘more horror’ after CPI data releaseCPI data for October is set for release on Thursday.
Les mer »