US inflation comes in above expectations following hot jobs report Economics US inflation came in slightly above expectations in September, bolstering the case for a slower pace of rate cuts over the coming months. Figures from the Bureau of Labor Statistics showed that the headline rate of inflation fell to 2.4 per cent in September, down from 2.5 per cent last month but slightly ahead of [...]
US inflation to take centre stage after bumper jobs report Markets Economists expect the headline rate to fall to 2.3 per cent from 2.5 per cent, which would leave inflation at its lowest level since February 2021.
Fed lowers interest rates by 50 basis points in first cut since 2020 Economics Today's rate decision was the most uncertain in years, with investors torn in the run-up to the decision about whether the Fed would cut rates by 25 or 50 basis points.
FTSE 100 boosted by US inflation print and watering down of banking rules September 12, 2024 London markets received a boost on Thursday morning following a strong performance from US stocks and the Bank of England watering down proposals for new bank capital rules.
US inflation falls to lowest level since February 2021 as Fed prepares to cut interest rates September 11, 2024 US inflation fell to its lowest level since February 2021 in August, new figures show, but core prices rose faster than anticipated. Figures from the Bureau of Labor Statistics showed that inflation fell to 2.5 per cent in August, down from 2.9 per cent the month before and in line with expectations. Prices increased 0.2 per [...]
Fed’s rate cut in the balance ahead of US inflation figures September 8, 2024 The figures come out a crucial time with the Fed preparing to cut interest rates for the first time since the pandemic.
‘Time has come’ to cut rates, Fed chair Jerome Powell says August 23, 2024 "The time has come for policy to adjust," Powell added, pointing to growing downside risks.
Federal Reserve: September rate cut ‘confirmed’ after latest releases August 22, 2024 A September rate cut looks nailed on after minutes from the US Federal Reserve’s last meeting, released last night, showed many rate-setters had considered a cut in July. Several members at the Fed’s last meeting thought there was a “plausible case” for cutting rates by 25 basis points given the progress on inflation and increases [...]
US inflation dips to three-year low August 14, 2024 US inflation reached its lowest since March 2021 in July, coming in at just 2.9 per cent and further strengthening the case for an interest rate cut from the Federal Reserve. Analysts had expected US inflation in July to come in at three per cent, unchanged from where it had fallen to in June. While [...]
Crucial US inflation data rises slightly faster than expected as Fed ponders next rate move July 26, 2024 A crucial piece of US inflation data came in slightly hotter than expected last month as the Federal Reserve considers when to start cutting interest rates. Figures out today showed the core personal consumption expenditures (PCE) price index, which is the Fed’s preferred gauge of inflation, remained stuck at 2.6 per cent in June. This [...]