Category: CPI
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EurUsd Weekly Outlook for February 19, 2024 – Is the Trend Reversal Upon Us?
To see inflation with a 2 in front of it in America, we will have to wait a bit longer. The annual change in American consumer prices has negatively surprised analysts, even in the core figure stripped of volatile components. A rate cut in the United States becomes more distant, while it’s a current topic…
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April CPI Rises 4.9%, Below Expectations
Inflation in April rose by 4.9% compared to the same period last year, falling short of the anticipated 5% increase, according to a recent Labor Department report. This occurred despite the Federal Reserve’s ongoing efforts to curb inflation with a series of interest rate hikes. The consumer price index, which gauges the cost of various…
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RBA Defies Expectations: Surprise Interest Rate Hike Aims to Tame Stubborn Inflation
In a statement released on 2 May 2023, Philip Lowe, Governor of the Reserve Bank of Australia (RBA), announced that the Board has decided to increase the cash rate target by 25 basis points to 3.85%. The rate paid on Exchange Settlement balances has also been increased by 25 basis points to 3.75%. This decision…
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U.S. Consumer Prices Increase by 0.5% in January, Driven by Rising Shelter Costs
The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.5 percent in January, after a 0.1 percent increase in December, according to the U.S. Bureau of Labor Statistics. The increase was driven by the index for shelter, which contributed to almost half of the all items increase. The indexes for food, gasoline, and natural…