Thursday, March 13

Tag: Inflation Figures/Price Indices

Fed’s Interest Rate Hikes Are Probably Over, but Officials Are Reluctant to Say So
1Dec By adminNo Comments
World

Fed’s Interest Rate Hikes Are Probably Over, but Officials Are Reluctant to Say So

Updated Dec. 1, 2023 1:43 pm ETFederal Reserve officials are increasingly confident that they don’t need to keep raising interest rates to defeat inflation. But they aren’t ready to declare an end to hikes—let alone to start a discussion about lowering rates.On Friday, Fed Chair Jerome Powell offered the strongest signal yet that officials are likely done raising rates by saying that their policy setting is “well into restrictive territory, meaning that tight monetary policy” is slowing economic activity. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Consumers Pulled Back on Spending, Inflation Eased in October
30Nov By adminNo Comments
World

Consumers Pulled Back on Spending, Inflation Eased in October

Updated Nov. 30, 2023 12:09 pm ETAmericans slowed their spending in October and inflation continued cooling as the economy downshifted into fall after a fast-paced summer.Consumer spending rose 0.2% in October, down sharply from a 0.7% rise in September, the Commerce Department said Thursday. The October reading marked the slowest increase since May. The combination of ebbing income growth, high interest rates and prices, dwindling pandemic savings and the resumption of student-loan payments is eroding Americans’ ability to keep boosting their spending as briskly as they did through the summer, economists say.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Inflation’s Cooldown Gives the Fed Leeway
30Nov By adminNo Comments
Money

Inflation’s Cooldown Gives the Fed Leeway

Nov. 30, 2023 11:29 am ETSit down while you’re reading this: Fed policy makers made a dud prediction about how much inflation would cool at the tail end of 2023.The Commerce Department on Thursday reported that its overall index of consumer prices—the Fed’s preferred inflation gauge—was flat in October from September, putting it 3% above its year-earlier level. That was its slimmest year-over-year gain since March 2021. Core prices, which exclude food and energy items in an effort to better track inflation’s underlying trend, rose 0.2% from September. That put them 3.5% above their year-earlier level for the smallest gain since April 2021.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Eurozone Inflation Falls More Than Expected, Likely Ending ECB’s Hiking Cycle
30Nov By adminNo Comments
World

Eurozone Inflation Falls More Than Expected, Likely Ending ECB’s Hiking Cycle

Inflation fell significantly more than expected in the eurozone in November, closing in on the European Central Bank’s target, dragged down by lower energy prices.The bloc’s consumer price index—a measure of the cost of goods and services—rose 2.4% on year, slowing from 2.9% the previous month, according to preliminary data published by the European Union’s statistics agency Eurostat on Thursday.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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German Inflation Fell More Than Expected in November on Tumbling Energy Prices
29Nov By adminNo Comments
World

German Inflation Fell More Than Expected in November on Tumbling Energy Prices

German inflation fell more than expected in November on lower energy prices, reaching its lowest level since June 2021.Consumer prices were 3.2% higher in November than the same month a year earlier, compared with 3.8% in October, measured by national standards, preliminary data from the German statistics office Destatis showed Wednesday.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Australia’s Monthly Inflation Rate Undershoots Expectations
29Nov By adminNo Comments
World

Australia’s Monthly Inflation Rate Undershoots Expectations

SYDNEY—Australia’s monthly inflation indicator came in well below expectations in October, offering some assurance that price pressures are easing across the economy after a spike up in the third quarter, while ruling out the prospect of further policy tightening until next year.The consumer-price index indicator rose 4.9% in the 12 months to October, compared with an expected rise of 5.2%, the Australian Bureau of Statistics said on Wednesday. The result is down from 5.6% in September and below the peak of 8.4% in December last year.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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RBA Governor Bullock Says Hardest Part of Inflation Fight Still Ahead
22Nov By adminNo Comments
World

RBA Governor Bullock Says Hardest Part of Inflation Fight Still Ahead

Nov. 22, 2023 3:39 am ET|WSJ ProSYDNEY—The Reserve Bank of Australia’s battle to tame inflation will be slow and drawn out, with the hardest part set to take place over the next two years as policy makers move to tamp down on strong “homegrown” demand.“An important implication of this homegrown and demand-driven component to inflation is that getting inflation back to target will take time,” RBA Gov. Michele Bullock said Wednesday in a speech to market economists.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8Stay on top of inflation and monetary policy.News and commentary to help you monitor and analyze shifts in the world economy and the policies of central banks.
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The Fed Wants More Evidence Before Changing Rate Stance
22Nov By adminNo Comments
World

The Fed Wants More Evidence Before Changing Rate Stance

Federal Reserve officials were unwilling to conclude they were done raising interest rates when they decided earlier this month to extend a pause in rate increases.But minutes of their most recent policy meeting suggested they might be comfortable holding rates steady for at least the rest of the year. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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The Fed Wants More Evidence Before Changing Rate Stance
21Nov By adminNo Comments
World

The Fed Wants More Evidence Before Changing Rate Stance

Federal Reserve officials were unwilling to conclude they were done raising interest rates when they decided earlier this month to extend a pause in rate increases.But minutes of their most recent policy meeting suggested they might be comfortable holding rates steady for at least the rest of the year. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Canada Inflation Continues to Ease to 3.1% in October
21Nov By adminNo Comments
World

Canada Inflation Continues to Ease to 3.1% in October

OTTAWA—Canada’s annual inflation rate cooled last month, thanks largely to lower prices at the pump that helped offset still elevated grocery prices and the rising cost of rent and property taxes.The country’s consumer price index rose 3.1% in October from a year earlier, the lowest rate since June, Statistics Canada said Tuesday. The pace was in line with market expectations for the month, according to economists at TD Securities, and follows inflation of 3.8% in September.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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