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What You Need to Know Ahead of Wednesday's Much Anticipated US CPI Inflation Report
Inflation likely stayed higher than Fed officials would like in April if early forecasts are correct. The cost of living as measured by the Consumer Price Index likely rose 3.4% over the year in April, down from a 3.5% increase in March according to a survey of forecasters by Dow Jones Newswires and the Wall Street Journal, ahead of the official figures due from the Bureau of Labor Statistics Wednesday. 1 The Federal Reserve Bank of Cleveland’s “nowcast,” which projects the CPI based on economic data as it comes in, also called for a 3.5% annual increase as of Monday. 2 Federal Reserve Bank of Cleveland. ... (full story)
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From bnnbloomberg.ca|May 15, 2024Forecasters expect a monthly report on US consumer prices to show inflationary pressures moderated in April after three straight worse-than-anticipated readings to start the year. ...
From bls.gov|May 15, 2024|22 commentsThe Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent in April on a seasonally adjusted basis, after rising 0.4 percent in March, the U.S. Bureau of Labor ...
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- Posted: May 15, 2024 7:07am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 4,605
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