The July consumer inflation data released Wednesday suggests the Federal Reserve may not cut rates as deeply as expected in September, one CIO said in the wake of the Consumer Price Index report. “In a not-so-subtle shift, the market has moved from worrying about inflation to worrying about economic growth and although many in the market were calling for a...

(Fixes typo in headline) By Lucia Mutikani WASHINGTON (Reuters) -U.S. consumer prices rose moderately in July and the annual increase in inflation slowed to below 3% for the first time since early 2021, further strengthening expectations the Federal Reserve will cut interest rates next month. The report from the Labor Department on Wednesday added to a mild increase in producer...

11:28 AM EDT, 08/14/2024 (MT Newswires) -- US consumer inflation rose as expected in July while the annual pace of price growth unexpectedly slowed, strengthening expectations that the Federal Reserve could start easing its monetary policy in September. The consumer price index increased 0.2% in July after a 0.1% decrease in June, according to the Bureau of Labor Statistics. The...

Today, we got the July Consumer Price Index (CPI) report which showed an overall increase of 2.9% for the last year and 0.2% for the month. That's below last month's 3.0% and expectations of 3.0%. The 0.2% monthly increase was in line with the 0.2% expected, and a bigger increase vs last month's -0.1%. The Core CPI which excludes food...