Latest CPI Inflation Report Makes January Fed Rate Cut Very Unlikely
Consumer Price Index showed an acceleration to 2.9%, the highest rate since July. With such high inflation, the Fed is unlikely to cut rates in January.
Different Base Years For December, January Inflation Rates
The inflation rate for December 2024 will be calculated using the 2009 base year, while January 2025 inflation will be benchmarked against a new 2024 base year.
December inflation rate to follow old base year while January inflation the new base year
The National Bureau of Statistics (NBS) stated during a workshop this January that the inflation rate for December 2024 will
Next CPI Inflation Report Could Reduce 2025 Fed Rate Cut Expectations
If year-on-year total and core CPI consumer inflation rates accelerate, financial markets risk turbulence as investors’ 2025 interest rate cut expectations fall further.
Inflation rose to 5-month high in December. What that means for Fed rate cuts.
Annual inflation ticked up for a third straight month in December as food, energy costs rose, CPI report showed. But underlying price measure eased.
US Inflation Likely Remained Sticky-High Last Month, Threatening Interest Rate Cuts
U.S. inflation likely worsened last month on the back of higher prices for gas, eggs, and used cars, a trend that could make it less likely that the Federal Reserve will cut its key interest rate much
Cooler core inflation revives bets on Fed rate cuts
Federal Reserve policymakers may be able to reduce interest rates a couple of times this year, traders bet on Wednesday, after a government report helped allay fears that inflation was accelerating in the final full month of Joe Biden's presidency.
Bonds Have Banner Day as Inflation Report Revives Fed-Cut Bets
US government bonds had their best day in months after benign inflation data revived the case for additional Federal Reserve interest-rate cuts.
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CPI base year revision: MOSPI floats discussion paper on treatment of PDS items & other free social transfers
This is the question that the statistics ministry is grappling with, in its effort to revise the base year for the Consumer Price Index (CPI) as well as update the weights for different items ...
CNBC Daily Open: Muted CPI gives markets best day since November
Cooler-than-expected inflation readings and positive bank earnings provided a string of good news for bulls after a dismal ...
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US Core CPI slows to its lowest reading since july
Headline CPI was firm in December at +0.4% MoM, boosted by strong food and energy prices. This has shown an accelerating ...
Wall Street has best CPI day since at least 2023
A surge in Treasuries pushed 10-year yields down by almost 15 basis points — easing fears that a 5% rate would be on the ...
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MOSPI to revise CPI base year; floats discussion paper on treatment of PDS items & other free social transfers
MoSPI launched the CPI series for rural, urban, and mixed sectors in 2011, starting with 2010 as the base year. The base year serves as a reference point, and the CPI for each month ...
Inflation heated up in December, as prices continue to weigh on Americans
The consumer price index increased by 2.9 percent in December from a year earlier, the Labor Department reported Wednesday, ...
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Nigeria’s GDP rebasing and need for transparency
Nigeria’s National Bureau of Statistics (NBS) is planning to rebase the country’s GDP and Consumer Price Index ...