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.
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.
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.
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, ...
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.
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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(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.
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 ...
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.
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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Global markets: On account of higher than expected US inflation data, American markets fell on Tuesday session whereas European stocks climbed to one year ...
Wall Street had an upbeat start to the year, lifted by renewed interest in volatile growth stocks battered in 2022 as the Fed raised rates aggressively to ...
[Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). [equity](/definition/equity)strategist at U.S. For fastest news alerts on financial markets, investment strategies and stocks alerts, [subscribe to our Telegram feeds](https://t.me/joinchat/J60pKE7SOStsj5sI8nDmHQ).) The electric car maker has rebounded over 60% in 2023 after losing two-thirds of its value last year. "Looking at today's price action, I think it might be a little bit of profit-taking on the heels of strong year-to-date performance." [Adani Looks to Repay $500 m Bridge Loan](/epaper/delhicapital/2023/feb/15/et-front/adani-looks-to-repay-500-m-bridge-loan/articleshow/97930176.cms) consumer price data for January offered little to change expectations about the Federal Reserve's path forward on interest rate hikes. [Aditya Birla Group in Talks with Global Banks for Vi Equity Infusion](/epaper/delhicapital/2023/feb/15/et-front/aditya-birla-group-in-talks-with-global-banks-for-vi-equity-infusion/articleshow/97930155.cms) [TVS EV Co may Get $350m from ADIA, Goldman, Carlyle](/epaper/delhicapital/2023/feb/15/et-front/tvs-ev-co-may-get-350m-from-adia-goldman-carlyle/articleshow/97930142.cms) Aditya Birla Group has initiated an exercise to raise funds at the promoter level for an equity infusion into Vodafone Idea (Vi) Ltd and is in discussions with global banks for raising term debt to subscribe to a preferential allotment of shares. [index](/definition/index)rose 0.30%, lifted by a surge of nearly 8% in Tesla Inc. [stocks](/definition/stocks)ended mixed on Tuesday after U.S.
గత సంవత్సరం, 2022 జూన్ నెలలో అగ్రరాజ్యం చిల్లర ద్రవ్యోల్బణం రేటు (Retail inflation Rate) 9.1 శాతానికి ...
యూఎస్ ఫెడ్ లక్ష్యిత స్థాయి కంటే ప్రస్తుత ద్రవ్యోల్బణం ఎక్కువగా ఉన్నా, జనవరి నెలలో ఉపాధి గణాంకాలు (American Job Data) మాత్రం చాలా బలంగా ఉన్నాయి. ప్రస్తుతం, అక్కడ ద్రవ్యోల్బణం రేటు 6.4 శాతానికి చేరినా, ఫెడరల్ రిజర్వ్ (US FED) లక్ష్యమైన 2 శాతం కంటే ఇప్పటికీ మూడు రెట్లు ఎక్కువగానే ఉంది. యూఎస్ వినియోగదారు ధరల సూచీ (Consumer Price Index) ఆధారిత ద్రవ్యోల్బణం రేటు 2022 డిసెంబర్లోని 6.5 శాతం నుంచి 2023 జనవరిలో 6.4 శాతానికి తగ్గింది. ద్రవ్యోల్బణాన్ని ఎదుర్కోవడానికి ఫెడరల్ రిజర్వ్ వడ్డీ రేట్లను పెంచడం ఇంకా కొనసాగించినట్లయితే, ఈ సంవత్సరం US పాక్షిక మాంద్యాన్ని ఎదుర్కొంటుందని ఆర్థిక నిపుణులు భావిస్తున్నారు. గరిష్ట ద్రవ్యోల్బణాన్ని కిందకు దించడానికి ఆ దేశ సెంట్రల్ బ్యాంక్ ఫెడరల్ రిజర్వ్ నిరంతరంగా రుణ రేట్లు పెంచుతూ వచ్చింది. జనవరి నెలలో అమెరికాలో ద్రవ్యోల్బణం (Inflation in America) తగ్గింది.
The dollar rose on Wednesday in the wake of stubbornly high U.S. inflation data and tough talk on interest rates from Federal Reserve officials.
US Stock Market Today: The S&P 500 declined 0.03 per cent to end at 4136.17 points. The Nasdaq gained 0.57 per cent at 11960.15 points, while Dow Jones ...
The S&P 500 declined 0.03 per cent to end at 4,136.17 points. Check [Business Breaking News Live](https://www.zeebiz.com/live-tv) on [Zee Business Twitter](https://twitter.com/zeebusiness) and [YouTube](https://www.youtube.com/channel/UCkXopQ3ubd-rnXnStZqCl2w). However, analysts expect fourth-quarter earnings to fall 2.8 per cent from a year earlier. US Stock Market Today: The S&P 500 declined 0.03 per cent to end at 4,136.17 points. Barkin said the Fed needs to prioritize quashing inflation over risks to U.S. Also adding to the investor angst were hawkish remarks by Richmond Fed President Thomas Barkin and Dallas Fed President Lorie Logan. "Looking at today's price action, I think it might be a little bit of profit-taking on the heels of strong year-to-date performance." "Inflation remains elevated, albeit it appears to be slowing," said Terry Sandven, chief equity strategist at U.S. US Stock Market Today: Wall Street stocks ended mixed on Tuesday after U.S. consumer price data for January offered little to change expectations about the Federal Reserve's path forward on interest rate hikes. The Nasdaq gained 0.57 per cent at 11,960.15 points, while Dow Jones Industrial Average (.DJI) declined 0.46 per cent to 34,089.40 points. The S&P 500 is up about 8 per cent so far in 2023, while the Nasdaq Composite Index (.IXIC) has rebounded about 14 per cent.
Year-on-year, prices rose 6.4%. That was down from 6.5% in December but above economists' expectations of 6.2%. The dollar climbed against most major currencies ...
Aussie/Dollar Dollar/Canadian Sterling/Dollar The dollar climbed against most major currencies on Wednesday, with the euro down 0.14% to $1.072. Dollar/Swiss Dollar/Yen economist Matthew Luzzetti said in a note to clients. Euro/Dollar The euro touched a 10-month high of $1.103 on Feb. Dollar/Dollar 0.6277 0.6338 -0.84% -1.02% +0.6338 +0.6277 inflation data and firm words on interest rates from Federal Reserve officials. Euro/Yen