U.S. Inflation Data Supports Fed Patience on Rate Hikes
Wednesday, 10 April 2019 19:48 WIB | ECONOMY |Ekonomi ASCPI Amerika

Growth in U.S. consumer prices showed little variation in March, underlining the case for the Federal Reserve to maintain its current wait-and-see stance.

The consumer price index rose 1.9% from a year ago, while core inflation, that excludes volatile food and energy costs, increased 2.0%. That compared to consensus forecasts for them to rise 1.8% and 2.1%, respectively.

For the month, the CPI and core CPI were up 0.4% and 0.1%, respectively.

The dollar held on to modest losses on the news, while stock index futures remained slightly higher.

As the Federal Reserve seeks to maintain core inflation close to 2%, the reading supports its current promise to œbe patient as it determines what future adjustments to the target range for the federal funds rate may be appropriate.

The U.S. central bank last month all but swore off raising interest rates again this year and indicated it intends to end the reduction of its massive $4.2 trillion balance sheet by September.

Source : Investing.com

RELATED NEWS

U.K. Retail Sales Extend Worst Run on Record Despite Discounting
Friday, 17 January 2020 16:47 WIB

U.K. consumers stayed away from the stores during the key Christmas trading period, despite widespread discounting and a break in the political impasse over Brexit.  The volume of goods sold in stores and online fell 0.6% in December, confounding expectations of a 0.6% increase. Sales excludin...

China's Economy Grew 6% in Fourth Quarter as Demand Stabilized
Friday, 17 January 2020 09:14 WIB

China™s economy stabilized last quarter after slowing to the slowest pace in almost three decades, as rising demand and easing trade tensions supported sentiment. Gross domestic product rose 6% in the final quarter of 2019 from a year earlier, the same as in the previous three-month period a...

U.S. Retail Sales Post Solid Advance to Close Out Moderate 2019
Thursday, 16 January 2020 20:44 WIB

U.S. retail sales strengthened in December,thanks to a late holiday-shopping rush that wrapped up a more-moderate year of spending at the nation™s merchants. The value of receipts at retailers rose 0.3%, matching the prior month™s revised gain, and climbed 5.8% from December 2018, Com...

Weakest U.K. Inflation in Three Years Lowers Bar to BOE Cut
Wednesday, 15 January 2020 16:43 WIB

U.K. inflation unexpectedly slowed to a three-year low in December, clearing the path to a potential Bank of England interest-rate cut this month. Consumer prices rose 1.3% from a year earlier, the least since November 2016, the Office for National Statistics said Wednesday. The core inflation rate...

U.S. Core Consumer-Price Gauge Climbs Less Than Forecast
Tuesday, 14 January 2020 20:51 WIB

A gauge of underlying U.S. inflation rose less than forecast in December, restrained in part by a deceleration in shelter costs and underscoring the Federal Reserve™s view that price pressures are muted. The core consumer price index, which excludes volatile food and energy costs, incre...

ANOTHER NEWS
S&P 500, Dow close at new records, notch best weekly gains since August
Saturday, 18 January 2020 04:19 WIB U.S. stocks closed at all-time highs Friday, marking the third-straight record close for the Dow and S&P 500, as investors cheered bullish economic data and continued to ride a wave of trade optimism. The Dow Jones Industrial Average rose 50...

DISCLAIMER

Seluruh materi atau konten yang tersaji di dalam website ini hanya bersifat informatif saja, dan tidak dimaksudkan sebagai pegangan serta keputusan dalam investasi atau jenis transaksi lainnya. Kami tidak bertanggung jawab atas segala akibat yang timbul dari penyajian konten tersebut. Semua pihak yang mengunjungi website ini harus membaca Terms of Service (Syarat dan Ketentuan Layanan) terlebih dahulu dan dihimbau untuk melakukan analisis secara independen serta memperoleh saran dari para ahli dibidangnya.