2024-09-12 05:50:08
Economy
Inflation
Markets
US Inflation Moderates: Fed Faces Dilemma Amid Mixed Data
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The Street
Finance
Economy
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U.S. equity futures declined ahead of key August inflation report before Fed meeting. Report expected to show lower headline, steady core inflation. Investors also eyed presidential debate, stock moves like Truth Social and Buffett's BofA sales, as well as falling Treasury yields and upcoming 10-year auction.
The Street
CPI inflation report pumps the brakes on big Fed rate cut bets TheStreet Daily Newsletter
Economy
Finance
U.S. inflation eases, but core prices steady, hinting at Federal Reserve patience in lowering borrowing costs. Consumer Price Index for August at 2.5%, down from 2.9% in June. Core inflation remains at 3.2%, lowest in three years. Stocks drop, Treasury yields rise. Fed likely to cut rates in Washington.
Yahoo Finance
Inflation: Consumer price increases hit lowest annual inflation rate since early 2021
Economy
Politics
Finance
US inflation hit a 3-year low in August; Federal Reserve faces decision on interest rate cuts; core inflation, shelter index, and rent/OER remain sticky; energy index decreased, food index increased, other indexes saw notable changes; report matched economists' expectations, but market reaction was mixed.
Yahoo Finance
Here's why the stock market is throwing a tantrum about new inflation data
Finance
Economy
The stock market reacted negatively to mixed inflation data, with the Dow dropping 600 points. The consumer price index showed lower headline inflation, but core inflation rose more than expected, dashing hopes for a 50 basis-point rate cut by the Fed. The Fed's dual mandate, labor market, and housing costs are key factors, with a Morningstar economist noting that shelter inflation must inevitably fall. Investors are still pricing in significant rate cuts by the Fed, and the Independent Advisor..
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