US inflation News

The CPI figures eased more than the expectations of 2.9 per cent, the figures is lowest since the November of the previous year.

Inflation surged to a 40-year high of 8.6 per cent in June 2022, setting off a string of interest rate hikes by the US Federal Reserve to cut spending and cool down the economy.

Within the IT sector, consolidation persists due to lacklustre Q4 earnings amid slowdowns in spending and uncertainties surrounding US policy rates. 

U.S. consumer prices rose less than expected for a second straight month in November. The consumer price index readings last month reflected declines in the costs of gasoline, healthcare and used cars and trucks. For the first time we can say the Fed is winning its war on inflation: Report.

Consumer prices surged 8.6% last month from a year earlier. On a month-to-month basis, prices jumped 1% from April to May. Gas prices rose 4% just in May and have soared nearly 50% in one year.

S&P BSE Sensex fell 0.24% to 55,329.50. Both indexes, however, were set for their first weekly gain in five.

Yellen walked systematically through many of the main arguments in favor of a structural change in inflation, and largely discounted them.

The Federal Reserve will probably express its confidence inflation will climb towards its 2 percent target when it meets this week and delivers a widely expected rate rise, but such assurances are a poor indicator of the Fed`s future policy.

Gold rose as the dollar came off its highs on Wednesday, shrugging off earlier pressure from stronger-than-forecast U.S. inflation and retail sales that added to expectations for near-term U.S. interest rate rises.

US consumer prices in January rose at their fastest pace in nearly four years, a fresh sign that a pickup in inflation may be approaching, Labor Department figures showed Wednesday.

US inflation is likely to accelerate in coming years and move toward the Federal Reserve`s 2 percent target, Richmond Fed President Jeffrey Lacker said on Monday, flagging upside risks to price growth

US inflation will likely accelerate in coming years and move toward the Federal Reserve`s 2 percent target, Richmond Fed President Jeffrey Lacker said on Monday.

US consumer spending grew briskly in August and a key measure of inflation firmed a bit, signs of strength in America`s domestic economy that could lead the Federal Reserve to tighten interest rates despite weakness abroad.

U.S. consumer prices unexpectedly fell in August as gasoline prices resumed their decline and a strong dollar curbed the cost of other goods, pointing to tame inflation that complicates the Federal Reserve`s decision whether to hike interest rates.

US consumer prices fell slightly in August, dragged lower by tumbling gasoline prices, the government reported Wednesday ahead of a key Federal Reserve meeting on increasing interest rates.

The U.S. labor market appeared to gain momentum in early September as fewer Americans filed for weekly unemployment benefits, but weak inflation pressures may complicate the Federal Reserve`s decision whether to raise interest rates.

US inflation will likely rebound as pressure from the dollar fades, allowing the Federal Reserve to raise interest rates gradually, Fed Vice Chairman Stanley Fischer said on Saturday in a speech careful not to overreact to a possible Chinese slowdown.

Federal Reserve Vice Chairman Stanley Fischer warned Saturday that the US central bank will not wait for inflation to hit two percent before raising interest rates.

The rate forecast was included with a series of bearish projections on U.S. economic growth and inflation that were presented to policymakers at their June 16-17 meeting.

US consumer prices rose broadly in June, bringing the annual inflation rate back into positive territory, government data released Friday showed.