US Core 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;
Food and energy prices account for about a quarter of CPI, but they tend to be very volatile and distort the underlying trend. The Federal Open Market Committee usually pays more attention to the Core data - so do traders;
- US Core CPI m/m Graph
- History
Expected Impact / Date | Actual | Forecast | Previous |
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Jun 12, 2024 | 0.2% | 0.3% | 0.3% |
May 15, 2024 | 0.3% | 0.3% | 0.4% |
Apr 10, 2024 | 0.4% | 0.3% | 0.4% |
Mar 12, 2024 | 0.4% | 0.3% | 0.4% |
Feb 13, 2024 | 0.4% | 0.3% | 0.3% |
Jan 11, 2024 | 0.3% | 0.3% | 0.3% |
Dec 12, 2023 | 0.3% | 0.3% | 0.2% |
Nov 14, 2023 | 0.2% | 0.3% | 0.3% |
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- US Core CPI m/m News
- From youtube.com/cnbctelevision|Jun 12, 2024
CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, Johann Kerbrat, general manager of crypto at Robinhood, discusses the recent deal with global crypto exchange Bitstamp and the warning from the SEC over the trading platform’s digital asset operations.
- From kitco.com|Jun 12, 2024
Asset prices spiked higher in early trading on Tuesday after the latest Consumer Price Index (CPI) came in cooler than expected, but the gains moderated in the afternoon after the Federal Reserve held interest rates unchanged and projected just one rate cut this year, down from the two markets had been anticipating. “Consumer prices were unchanged in May from the previous month, which is a good sign, considering the slight decline of the CPI in April,” said Leena ElDeeb, Research Associate at 21Shares, in a note shared with Kitco ...
- From bnnbloomberg.ca|Jun 12, 2024
A key measure of underlying US inflation stepped down for a second month in May, a pleasant surprise for Federal Reserve officials looking for signs that they can start to lower interest rates. The so-called core consumer price index — which excludes food and energy costs — climbed 0.2% from April, Bureau of Labor Statistics figures showed. The year-over-year measure rose 3.4%, cooling to the slowest pace in more than three years, according to data out Wednesday. The figures, taken with the deceleration in the core CPI in April, may ...
- From axios.com|Jun 12, 2024
The Consumer Price Index was flat in May, while the core measure that strips out food and energy rose 0.2%, the Labor Department said on Wednesday. Why it matters: For the second straight month, inflation slowed — welcome news for American households and policymakers after a hot start to 2024. By the numbers: The latest CPI figures show overall prices did not rise at all — compared to the 0.3% increase in April, while the core measure rose by the same amount. • Over the last 12 months ending in May, the index rose 3.3%, compared to ...
- From bls.gov|Jun 12, 2024|19 comments
The Consumer Price Index for All Urban Consumers (CPI-U) was unchanged in May on a seasonally adjusted basis, after rising 0.3 percent in April, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 3.3 percent before seasonal adjustment. More than offsetting a decline in gasoline, the index for shelter rose in May, up 0.4 percent for the fourth consecutive month. The index for food increased 0.1 percent in May. The food away from home index rose 0.4 percent over the month, while ...
- From cnbc.com|Jun 11, 2024|2 comments
Wednesday is shaping up to be one of the most important days of the year for economic news, as investors will hear about the path of inflation and the manner in which the Federal Reserve plans to react. In a one-two punch that starts in the morning with the pivotal consumer price index reading for May and ends with the Fed’s policy meeting in the afternoon, vital signals will be sent about the direction of the economy and whether policymakers can soon take their foot off the brake. The day “packs months of macro risk into one day,” ...
- From marctomarket.com|Jun 8, 2024
The market got caught leaning the wrong way. The weakness in April's high-frequency US data encouraged participants to push the US two-year yield to its recent floor near 4.70% and took the 10-year yield to two-month lows, slightly above 4.25%. The Dollar Index was driven below the uptrend line drawn off the December 2023 and March and May 2024 lows. We have argued that while the US economy is slowing, the April data seemed to overstate the case, and the May jobs data will likely set the broad tone of other real sector data. The ...
- From disciplinefunds.com|May 16, 2024
Here are some things I think I am thinking about this week: 1) CPI comes in soft: Wednesday’s CPI report was a big relief for the Fed after 4 consecutive upside surprises. The key metric was core CPI which came in at 3.62% year over year vs last month’s rate of 3.8%. This continues the clear downward trajectory that was so dominant last year. There were broad signs of weakness in the report with slowing rates of change in durables and services, but shelter remains a sticking point. The shelter component is still coming in at 5.5% ...
Released on Jun 12, 2024 |
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Released on May 15, 2024 |
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