U.S. Consumer Prices Trail Projections as Used-Car Costs Tumble
Thursday, 10 October 2019 20:04 WIB | ECONOMY |Ekonomi ASCPI Amerika

A key measure of U.S. consumer prices rose by less than expected in September as used-car costs fell by the most in a year, likely bolstering the case for the Federal Reserve to cut interest rates for the third time in three months.

The core consumer price index, which excludes food and energy, increased 0.1% from the prior month, a Labor Department report showed Thursday, below the median estimate of economists. The annual gain of 2.4% matched projections as well as the August increase. The broader CPI was unchanged on the month and up 1.7% annually, trailing projections.

The subdued monthly reading is likely to reinforce investor bets that the Fed will ease policy later in October as the global picture darkens and the trade war worsens. Officials favoring a reduction may see little risk that inflation will jump above the central bank™s price goal and a danger that trade tensions will potentially persist for some time.

Source : Bloomberg

RELATED NEWS

U.S. Jobs Trounce Forecasts With 266,000 Gain; Wages Heat Up
Friday, 6 December 2019 20:54 WIB

U.S. job gains roared back in November as unemployment matched a fresh half-century low and wages topped estimates, giving the Federal Reserve more reason to hold interest rates steady after three straight cuts. Stock futures and the dollar jumped while Treasuries slid. Payrolls jumped 266,000...

Aussie Data Dump: Retail Sales, ( 0% vs 0.3% exp ) Trade Balance, ( 450M vs 6100M exp )
Thursday, 5 December 2019 08:11 WIB

AUD's marathon of data for the week has continued today with the release of the October Retail Sales and Trade Balance. Note: Retail Sales was the main focus in these releases. The data arrived as follows : Imports (Oct)   0% vs prior 3%. Exports (Oct)   -5% vs prior 3%. Tra...

US ISM Non-Manufacturing PMI adds another miss, USD slide continues
Wednesday, 4 December 2019 22:35 WIB

The US ISM Non-Manufacturing PMI for the month of November printed a 53.9 reading, half a point below the consensus expectation. The service sector business survey adds to the bunch of negative releases coming from the United States this week, after disappointments from the ISM Manufacturing PMI and...

ADP badly disappoints with 67K, GBP/USD breaks above 1.31, EUR/USD nears 1.11
Wednesday, 4 December 2019 20:34 WIB

ADP's Employment Change figures for November came out at 67,000, well below expectations for an increase of 140,00. Moreover, October's figure was revised down to 121,000 from 125,000. Some suspect that the gap stems from calculations related to the strike at General Motors. Nevertheless, this is t...

Aussie GDP Q3 Misses The Mark, AUD/USD Drops to Session Lows
Wednesday, 4 December 2019 07:55 WIB

Australia™s Q3 national accounts in the Gross Domestic Product has been released. Prior to the data, analysts at Westpac had noted that," growth over the year to Q2 was just 1.4%, the slowest pace since 2009 and revealing that the economy was declining in per capita terms," arguing that, "favoura...

ANOTHER NEWS
Hong Kong stocks finish week on positive note (Review)
Saturday, 7 December 2019 04:32 WIB Hong Kong closed more than one percent higher Friday, boosted by renewed hopes that China and the United States will eventually reach a partial trade deal. The Hang Seng index added 1.07 percent, or 281.33 points, to 26,498.37. The benchmark...

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.