Annual Inflation still remain on Brazil Central Bank’s range
Brazil’s IPCA index of consumer prices climbed more than predicted in July, with annual inflation reaching 3.99%. The central bank began a monetary easing cycle earlier this month, holding its benchmark interest rate at 13.75% for nearly a year. However, experts don’t anticipate the central bank to modify its rate decreases. The jump in Brazilian…
European stock was affected by US inflation
The US consumer price index rose moderately in July, but European stock indexes dipped and Wall Street futures were flat. The consumer price index gained 0.2%, the same as in June, reducing the likelihood of a Federal Reserve rate hike next month. San Francisco Federal Reserve Bank President Mary Daly said more work was needed…
Inflation pressures are stabilizing as wage growth
Recent inflation numbers show that inflation is slowing across goods and services, according to ZipRecruiter chief economist Julia Pollak. The BLS announced that headline inflation climbed from 3% in June to 3.2% last month, with monthly statistics showing stabilizing inflationary pressures. Annualizing the newest inflation figures makes it less scary. Six-month and three-month annualized inflation…
Crypto market react to CPI report
Bitcoin and Ethereum experienced a 0.39% drop in 24 hours, but gained 0.95% for the week. The Consumer Price Index (CPI) rose 0.2%, boosting inflation to 3.2%. The Labor Department’s headline CPI report signaled the end of the Fed’s hiking curve. Analysts have emphasized the U.S. deadline for ARK Investment Management’s spot Bitcoin ETF application…
Oil prices decline marginally
Oil prices dipped slightly on Friday as investors weighed OPEC’s optimistic demand expectations against mixed economic data in China. Brent crude fell 15 cents to $86.25, while WTI crude futures fell 13 cents to $82.69 a barrel. OPEC forecasted 2.25 million barrels per day growth in global oil demand in 2024, down from 2.44 million…
The annual US CPI rate rose 3.2%
In July, rising rents were mostly offset by lower prices for cars and furniture, which could persuade the Federal Reserve to keep interest rates unchanged next month. The Labor Department report indicated underlying inflation pressures decreased last month, with prices without food and energy rising at the slowest rate in over two years. This positive…
Inflation has surpassing the Fed prediction
The Federal Reserve’s 2% inflation target has been exceeded, signaling a potential hike in rates later this year. Fed Chair Jerome Powell believes the tight labor market and a 2% inflation increase suggest the central bank may pause interest rate hikes in September. CME Group data suggests a 90% chance the Fed will hold rates…
The latest data from the Bureau of Labor Statistics
The BLS report shows that consumer prices rose faster in July than in June, with the CPI increasing 3.2% year-over-year. Prices rose 0.2% and 4.7% on a “core” basis, excluding food and gas, meeting economist expectations. Rents also rose, with monthly rent and owners’ equivalent indexes growing 0.4% and 0.5%, respectively. The shelter index drove…