The BLS released October's inflation data this morning and there were no major surprises. The Consumer Price Index for All Urban Consumers (CPI-U) climbed a seasonally adjusted 0.2% in October following a decline of 0.2% in September. This is in line with consensus...
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Annual Inflation Flat as Consumer Prices Decline in September
Falling gas prices kept inflation below zero for the month of August. The BLS announced this morning that the Consumer Price Index for All Urban Consumers (CPI-U) fell 0.2% in September on a seasonally adjusted basis; this is in line with expectations. In August, the...
August Inflation Stifled by Falling Gas Prices
Just ahead of the the FOMC's two day deliberation over a potential interest rate hike, the BLS released August's inflation data this morning. Headline inflation or the Consumer Price Index for Urban Consumers (CPI-U) fell a seasonally adjusted 0.1% for the month of...
July’s Weak Inflation Numbers Mean More Uncertainty Around September Rate Hike
On Wednesday, the Bureau of Labor Statistics released inflation data for July that was slightly below expectations. For the month, the headline number or Consumer Price Index for All Urban Consumers (CPI-U) increased 0.1% compared to a median estimate of 0.2% for...
June CPI: Inflation continues to tick higher but outlook remains tame
U.S. consumer prices increased for the fifth consecutive month in June, led higher by a rebounding price of gasoline, although there was nothing in the latest release which should pose any immediate alarm for markets or consumers at large. The latest report from the...
June PPI and CPI Preview
US producer prices rose for the month of June, comfortably beating analyst expectations and rising by the fastest pace in nearly three years according to data just release by the Bureau of Labor and Statistics. Surging prices for gasoline helped lift input prices...
Fed Minutes Signal Growing Worries over Greece
Rising tensions within global financial markets were the dominant concerns among Fed officials according to minutes just released from their June policy meeting, leading to yet another delay in the Fed’s widely anticipated normalization of interest rate policy....
May CPI rises on back of rising gasoline
May CPI numbers released by the BLS came broadly in line with expectations, with headline inflation posting an increase of 0.4% versus expectations of 0.5%. The core measure, excluding food and energy, rose 0.1% versus consensus estimates of 0.2%. Rebounding gasoline...
April CPI: Higher than expected Core CPI unlikely to trigger Fed. Medical Costs Surge
CPI for April came in broadly inline with market expectations with core inflation (ex Food and Energy) rising +0.3% MoM vs expectations of +0.2%. Broader CPI rose +0.1% bang inline with market forecasts. Annualized figures show a persistent deflationary trend,...
What is the Velocity of Money?
Financial commentary and analysis is usually heavily peppered with “since Lehman” or “Post-Lehman” comparison statistics and conjecture. 2008 were some of the darkest days ever for financial markets; the losses worldwide were truly staggering and we are still...