US CPI m/m
Consumer prices account for a majority of overall inflation. Inflation is important because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate;
- US CPI m/m Graph
- History
Expected Impact / Date | Actual | Forecast | Previous |
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Oct 10, 2024 | 0.2% | 0.1% | 0.2% |
Sep 11, 2024 | 0.2% | 0.2% | 0.2% |
Aug 14, 2024 | 0.2% | 0.2% | -0.1% |
Jul 11, 2024 | -0.1% | 0.1% | 0.0% |
Jun 12, 2024 | 0.0% | 0.1% | 0.3% |
May 15, 2024 | 0.3% | 0.4% | 0.4% |
Apr 10, 2024 | 0.4% | 0.3% | 0.4% |
Mar 12, 2024 | 0.4% | 0.4% | 0.3% |
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- US CPI m/m News
Bitcoin price hit a 23-day low of $58,901 on Oct 10, down 8.5% in the last 3-days, historical data suggests the latest US CPI report could spark instant BTC rebound. Bitcoin Price Wobbles Below $60k as CME Group Hints at another Fed Rate Cut: Bitcoin started October 2024 with strong momentum, buoyed by improving US macroeconomic conditions alongside other major risk assets. However, the bullish momentum weakened as market participants anticipated the release of the US inflation report on October 10. On that day, the US Bureau of ...
Hotter than expected CPI (as food costs reignite) and ugly jobless claims data (somewhat affected by Hurricane Helene) signal stagflationary pressures may be returning... chart ...sparked some initial chaos across asset classes, pushing rate-cut expectations lower (hawkish) for 2024 but higher (dovish) for 2025... chart Stocks ended lower (with Small Caps the biggest loser) despite a late-day panic-bid into the close... chart NVDA is holding it all together... chart As VIX increased (now dramatically decoupled from stocks) ...
In case it wasn’t already clear after the payrolls report, the takeaway from an upside surprise on core CPI is to forget about another fifty from the Fed. I’m not entirely sold on delivering further cuts in November and/or December either. In fact, data is emboldening the argument that cutting 50bps in non-emergency conditions within an economy that remains in excess aggregate demand was another policy misstep led by Chair Powell who is paying a price for abandoning his earlier cautions on data issues. Core CPI was up by 0.31% m/m SA ...
The September US consumer price inflation data is hotter than predicted by a tenth of a percentage point for both headline and core (0.2% and 0.3% month-on-month respectively). This is the second consecutive 0.3% MoM print for core inflation, which as the chart below shows is not a great look. We need to average 0.17% MoM over 12 months to deliver 2% year-on-year inflation and the US economy is tracking higher than that right now – the black line marks 0.17%. The details show that energy prices did fall as expected, but food was much ...
Ethereum (ETH) plunged 3.8% on Thursday following a hike in US inflation data and rejection near its 50-day Simple Moving Average (SMA). Ethereum and the crypto market saw a second consecutive day of losses after the September US Consumer Price Index (CPI) data came in stronger than expected. September's inflation fell to 2.4% — but above expectations of 2.3% — while core inflation data ticked by ten basis points from 3.2% to 3.3%. Meanwhile, Ethereum ETFs posted zero flows for the second time this week on Wednesday, as the nine ...
U.S. inflation last month reached its lowest point since February 2021, clearing the way for another Federal Reserve rate cut and adding to the stream of encouraging economic data that has emerged in the final weeks of the presidential campaign. The consumer price index rose 2.4% in September from 12 months earlier, slightly higher than the 2.3% expected, but lower than the 2.5% year-over-year increase in August, according to economists surveyed by FactSet, a data provider. A reading that low, likely reflecting lower gas prices and ...
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent on a seasonally adjusted basis, the same increase as in August and July, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 2.4 percent before seasonal adjustment. The index for shelter rose 0.2 percent in September, and the index for food increased 0.4 percent. Together, these two indexes contributed over 75 percent of the monthly all items increase. The food at home index increased 0.4 percent in ...
September's Consumer Price Index (CPI) will serve as the latest test of whether inflation will continue to ease as the Federal Reserve debates its next interest rate decision. The report, set for release at 8:30 a.m. ET on Thursday, is expected to show headline inflation of 2.3%, a deceleration from August's 2.5% annual gain in prices, which marked the lowest annual rate since early 2021. Over the prior month, consumer prices are expected to have risen 0.1%, down from the 0.2% increase seen in August. On a "core" basis, which strips ...
Released on Oct 10, 2024 |
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