U.S inflation data

2023 - 2 - 14

Post cover — Image courtesy of "The New York Times"

CPI Report Updates: Inflation Down Slightly in January, a Worry for ... (The New York Times)

Consumer Price Index data released on Tuesday showed that price increases picked up briskly on a monthly basis last month. That was true across both key ...

The data for January showed price increases picking up again on a monthly basis, although the year-over-year numbers continued to show some slowdown in inflation. “Markets are vulnerable in the short-run for that reason.” The prospect of a continued drop in the pace of price rises had raised hopes that the Federal Reserve would soon end its campaign of raising interest rates, which tends to lower inflation but also raise borrowing costs for consumers and companies. Having risen ahead of the data release, futures on the S&P 500, which allow investors to bet on the index before markets officially open, initially moved sharply lower before recovering to trade roughly flat for the day. [its profits fell](https://www.bloomberg.com/news/articles/2023-02-06/tyson-shares-slump-with-falling-meat-prices-hitting-profits?cmpid=BBD021023_TRADE&utm_medium=email&utm_source=newsletter&utm_term=230210&utm_campaign=trade#xj4y7vzkg) in the first quarter as consumers cut back on purchasing its products, especially more expensive items like beef and pork. The average price of large eggs dropped from more than $5 a carton earlier this year to less than $3 in February, the department said. A price index for meats, poultry, fish and eggs increased in January, as did another for cereals and bakery products. Much of the inflation slowdown in recent months has come from a moderation in price increases for goods and commodities. Food prices grew 0.5 over the month, ticking up slightly compared with an increase of 0.4 percent in December. That trend continued in January, with services prices excluding energy continuing to increase rapidly, partly owing to the jump in rental and other housing costs. Goods, including used cars and apparel for women, dropped in price on a monthly basis, but even the slowdown in physical products was less pronounced than it had previously had been. The price index was up 6.4 percent in January compared with a year earlier.

US CPI data for January released, inflation falls less than market ... (Financial Express)

A hotter-than-expected US inflation rate stoked worries of an even higher Federal Reserve for a longer period of time, causing US stock index futures to ...

The US annual inflation rate decreased from 6.5% in December to 6.4% in January 2023, which was less than market expectations of 6.2%. Markets have rallied on the back of cooling inflation and the hope that the Fed will turn dovish soon, with the S&P 500 up nearly 14% from its October lows. Earlier, the December estimated CPI was revised to show that prices increased rather than decreased during the month, and the University of Michigan’s Consumer Sentiment report revealed that people are becoming increasingly concerned about inflation. The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.5 percent in January on a seasonally adjusted basis, after increasing 0.1 percent in December, the U.S. For the first time, a new method to compute US CPI was used by the Bureau of Labor Statistics. A hotter-than-expected US inflation rate stoked worries of an even higher Federal Reserve for a longer period of time, causing US stock index futures to temporarily cross into negative territory on Tuesday.

All eyes on key US inflation reading due shortly; can you expect Fed ... (Zee Business)

An official reading of US consumer inflation could determine the course of revisions in benchmark interest rates in the world's largest economy, ...

Analysts believe a further cooling off of inflation in the US will likely take away some of the concerns among aggressive hikes in the US interest rates. The US is due to release an official monthly reading of consumer inflation in the world's largest economy later on Tuesday. [RBI announced its a hike of 25 basis points in the repo rate](https://www.zeebiz.com/market-news/news-rbi-repo-rate-hike-repo-home-loan-interest-emi-inflation-gdp-projection-shaktikanta-das-remarks-221143) — the key interest rate at which it lends money to commercial banks — to 6.5 per cent, as widely expected by economsits. For all other news related to business, politics, tech, sports and auto, visit [Zeebiz.com](https://www.zeebiz.com/market-news/live-updates-sensex-nifty-stock-market-india-live-updates-jan-16-hdfc-bank-wipro-dmart-results-share-price-217366). [Latest Business News](https://www.zeebiz.com), [Stock Market](https://www.zeebiz.com/india/markets) Updates and [Videos](https://www.zeebiz.com/videos); Check your tax outgo through [Income Tax Calculator](https://www.zeebiz.com/personal-finance/income-tax-calculator) and save money through our [Personal Finance](https://www.zeebiz.com/personal-finance) coverage. The pan-European Stoxx 600 index was up 0.4 per cent at the last count. All eyes will be on the US consumer price index report for January, which could determine the course of interest rates in the US and the rest of the world. Economists say Fed policymakers will likely study every bit of detail in the incoming US inflation data for basing its decisions on the key US interest rates in the coming months. The release of inflation data by the US labour department is due at 1330 GMT on Tuesday (7 pm in India). The Fed has already ruled out the possibility of a reversal in the current cycle of rate hikes in 2023, though its Chairman, Jerome Powell, switched to a smaller rate hike of 25 bps this month. The February 14 decision on benchmark interest rates in the US comes at a time when the Fed and other major central banks around the globe have the Herculean task of taming red-hot inflation without causing a blow to economic growth amid fears of at least a mild recession. An official reading of US consumer inflation could determine the course of revisions in benchmark interest rates in the world's largest economy, and have repurcussions for other major economies including India, where the RBI delivered its sixth back-to-back increase in the repo rate in the current cycle earlier this month.

Dollar falls after U.S. inflation data (Moneycontrol.com)

The consumer price index increased 0.5% last month after gaining 0.1% in December, data showed.

The dollar index fell 0.2% to 102.93. The annual CPI peaked at 9.1% in June, which was the biggest increase since November 1981. The consumer price index increased 0.5% last month after gaining 0.1% in December, data showed.

U.S. stock futures inch higher ahead of key U.S. inflation data (Investing.com India)

By Scott Kanowsky. Investing.com -- U.S. stock futures edged slightly higher on Tuesday, as investors awaited the release of fresh inflation data out of the ...

The U.S. [unemployment rate ](/economic-calendar/unemployment-rate-297)held at 3.7% in the three months to December, while the [claimant count ](/economic-calendar/claimant-count-change-39)fell almost 13,000 in January, instead of rising by nearly 18,000 as expected. The [European Central Bank ](/economic-calendar/ecb-interest-rate-decision-164)has raised interest rates by 3 percentage points since July and is expected to continue with at least another percentage point of increases before rates peak as [inflation](https://www.investing.com/academy/trading/inflation-definition/) remains elevated. Shares in the data analytics firm were up more than 18% in premarket trading. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. The blue-chip We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. Shares in Europe, particularly in Germany, France, and the U.K., are providing a strong handover to U.S. Helping the tone has been the data that showed the U.K.'s labor market remained relatively resilient despite the country's economic woes. stock futures inch higher ahead of key U.S. U.S.

Stocks Swing After U.S. Inflation Data (The Wall Street Journal)

The S&P 500 fell 0.5%, erasing earlier gains, while the tech-heavy Nasdaq Composite fell 0.4% and the Dow Jones Industrial Average lost 256 points, or 0.8%.

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Shares rise, dollar slips after U.S. inflation data (ThePrint)

(Reuters) – Equity indexes rose while the dollar index fell on Tuesday after data showed that U.S. inflation slowed in January, but still rose faster than ...

Oil prices fell after the U.S. The 30-year bond was last down 2.5 basis points to yield 3.7674%, from 3.792%. gold futures fell 0.31% to $1,846.20 an ounce. government said it would release more crude from its Strategic Petroleum Reserve and edged down further after U.S. The two-year note was last up 5 basis points to yield 4.5836%, from 4.534%. Spot gold added 0.6% to $1,865.34 an ounce. MSCI’s all country index jumped to a session high right after the report came out, before retreating sharply and then rebounding again after the U.S. “I don’t think (this report) moves the needle for the Fed, and I suspect they’re taking a hard look at the data. My guess is the year-over-year decline in topline and core (CPI) suggests another 25 basis point hike in March and another one in May,” said Cardillo. central bank will raise interest rates at least two more times, with contract pricing showing traders betting heavily on a quarter of a percentage point rate hike in both March and May. Emerging market stocks rose 0.28%. It still indicates that overall inflation is moving down,” said Peter Cardillo, chief market economist at Spartan Capital Securities, New York.

Dollar hits six-week high vs yen, rallies from two-week low after U.S. ... (Reuters)

The dollar rose to a six-week high against the yen and climbed from a roughly two-week low against a basket of major currencies on Tuesday as data for ...

US stocks stabilise after inflation data raises interest rate fears (Financial Times)

We'll send you a myFT Daily Digest email rounding up the latest Equities news every morning. US stock markets steadied on Tuesday despite disappointing ...

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Stocks, dollar make little progress, after U.S. inflation data (Investing.com)

While some investors had harbored hopes the Fed could pause rate hikes after the next meeting, the data implied otherwise. "I don't think (this report) moves ...

[gold futures](/commodities/gold) gained 0.11% to $1,854.00 an ounce. [Spot gold](/currencies/xau-usd) added 0.1% to $1,854.99 an ounce. crude](/commodities/crude-oil) settled down 1.35% at $79.06 per barrel while [Brent](/commodities/brent-oil) finished at $85.58, down 1.19%. The 2-year note was last was up 8.1 basis points to yield 4.6154%, from 4.534%. Oil prices fell after the U.S. [Saved Items](/members-admin/saved-items) The 30-year bond yield was last down 1.2 basis points at 3.7799%, from 3.792%. Sterling was last trading at $1.2168, up 0.27%. When the bond market gets jittery it translates into the stock market," said John Augustine, chief investment officer at Huntington National Bank in Columbus, Ohio. Absolutely," said Peter Cardillo, chief market economist at Spartan Capital Securities, New York. Does it mean we are headed for at least two more rate hikes? [Dow Jones Industrial Average](/indices/us-30) fell 156.66 points, or 0.46%, to 34,089.27 while the [Nasdaq Composite](/indices/nasdaq-composite) added 68.36 points, or 0.57%, to 11,960.15.

Shares rise, dollar slips after U.S. inflation data (Reuters)

Equity indexes rose while the dollar index fell on Tuesday after data showed that U.S. inflation slowed in January, but still rose faster than expected, ...

What to watch for in United States' inflation report tonight (Economic Times)

Not only is the consumer price index seen rising 0.5% in January, the most in three months and bolstered by higher gasoline prices, the governments report ...

Service SectorThe biggest services component — shelter — likely remained a key driver of inflation in January. New WeightsA key part of the CPI calculation is how the basket of goods and services is weighted. “Core goods in terms of a driver of disinflation is losing steam,” said Anna Wong, chief US economist at Bloomberg Economics. Those revisions showed slight but notable upward adjustments to the overall CPI and core measure in the closing months of 2022. Their preferred measure is based on the personal consumption expenditures price index, but the CPI also offers some insight into how a tight labor market is impacting wages and inflation. That’s a notable change from 2% declines in November and December. Prices in non-shelter services will be “just as strong if not a little bit stronger,” Clark said. In other words, what share each category — say food or housing or apparel — represents in the overall index. The used-car index hasn’t increased since June. The data will encompass both recently updated weightings for categories as well as methodology changes. The CPI is “not the only game in town anymore in terms of dictating what the Fed is doing,” said Justin Weidner, a US economist at Deutsche Bank AG. Not only is the consumer price index seen rising 0.5% in January, the most in three months and bolstered by higher gasoline prices, the government’s report will also reflect a variety of dynamics beyond the closely watched headline inflation figures.

U.S. stock futures volatile after January inflation data (Investing.com)

Investing.com -- U.S. stock futures pared back some early gains in choppy trading on Tuesday, as data showed that consumer price growth in the U.S. accelerated ...

[unemployment rate](/economic-calendar/unemployment-rate-297) held at 3.7% in the three months to December, while the [claimant count](/economic-calendar/claimant-count-change-39) fell almost 13,000 in January, instead of rising by nearly 18,000 as expected. The U.S. The [European Central Bank](/economic-calendar/ecb-interest-rate-decision-164) has raised interest rates by 3 percentage points since July and is expected to continue with at least another percentage point of increases before rates peak as [inflation](https://www.investing.com/academy/trading/inflation-definition/) remains elevated. Shares in the data analytics firm were up more than 18% in premarket trading. [Annually](/economic-calendar/cpi-733), the consumer price index for the month dipped to 6.4% from 6.5% in December - the seventh straight month of slowing expansion. The blue-chip The [core number](/economic-calendar/core-cpi-56), which takes out volatile items like energy and food, increased by 0.4%. Shares in Europe, particularly in Germany, France, and the U.K., are providing a strong handover to U.S. [Saved Items](/members-admin/saved-items) The underlying number is closely eyed by many economic observers, including Fed officials, who believe that it provides a more accurate assessment of the future direction of inflation. [consumer price index](/economic-calendar/cpi-69) rose by a seasonally-adjusted 0.5% from 0.1% in December, partly reflecting an uptick in energy prices. accelerated in January compared to the prior month, but moderated on an annual basis.

U.S inflation data

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