Tuesday, 25 June 2019
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
U.S. Inflation Data Supports Fed Patience on Rate Hikes
Wednesday, 10 April 2019 19:48 WIB | ECONOMY |Ekonomi ASCPI Amerika

Growth in U.S. consumer prices showed little variation in March, underlining the case for the Federal Reserve to maintain its current wait-and-see stance.

The consumer price index rose 1.9% from a year ago, while core inflation, that excludes volatile food and energy costs, increased 2.0%. That compared to consensus forecasts for them to rise 1.8% and 2.1%, respectively.

For the month, the CPI and core CPI were up 0.4% and 0.1%, respectively.

The dollar held on to modest losses on the news, while stock index futures remained slightly higher.

As the Federal Reserve seeks to maintain core inflation close to 2%, the reading supports its current promise to œbe patient as it determines what future adjustments to the target range for the federal funds rate may be appropriate.

The U.S. central bank last month all but swore off raising interest rates again this year and indicated it intends to end the reduction of its massive $4.2 trillion balance sheet by September.

Source : Investing.com

RELATED NEWS
UK Retail Sales Arrive at -0.5% m/m in May, Meet Estimates...
Thursday, 20 June 2019 15:54 WIB

The UK retail sales came in at -0.5% over the month in May vs. -0.5% expected and -0.1% previous. The core retail sales stripping the auto motor fuel sales stood at -0.3% m/m vs. -0.5% expected and -0...

U.K. Inflation Returns to BOE Target on Air Fares, Car Prices...
Wednesday, 19 June 2019 15:53 WIB

Falling air fares and car prices saw U.K. inflation return to the Bank of England™s target last month. Consumer prices rose 2% from a year earlier, down from 2.1% in April, the Office for Nati...

Retail sales look strong, with a solid gain in May and upward revision to prior month...
Friday, 14 June 2019 19:50 WIB

Reports of the death of the American consumer were greatly exaggerated as the May retail sales data rose at a solid pace and the decline in the prior month was revised to show a gain. Retail sales in...

Australian Employment Rose 42,300 in May; Estimate 16,000 Gain...
Thursday, 13 June 2019 08:50 WIB

Australia central bank ended an almost three-year pause last week, resuming interest rate cuts to try to drive the jobless rate down toward 4.5% -- its new estimate of full employment -- and revive in...

US: Annual core Consumer Price Index (CPI) falls to 2% in May vs. 2.1% expected...
Wednesday, 12 June 2019 19:54 WIB

The data published by the U.S. Bureau of Labor Statistics on Wednesday revealed that inflation, as measured by the Consumer Price Index (CPI), fell to 1.8% in May from 2% in April and fell short of th...

LATEST NEWS
U.S. oil ends higher, but Brent falls as Trump administration announces additional Iran sanctions

Oil futures split two ways on Monday, with U.S. prices ending higher but global benchmark Brent crude posting a loss as the U.S. announced new sanctions on Iran. President Donald Trump on Monday signed an executive order imposing financial...

Gold notches a third straight session gain, its second above $1,400

Gold futures climbed sharply on Monday, extending their streak of gains to a third consecutive session. Weakness in the U.S. dollar and 10-year Treasury yield, expectations for lower interest rates among global central banks, as well as...

Senior Facebook Executive Says it Would Favor Regulation

A senior Facebook executive says the social media site is in favor of regulation to address some of the dark problems of the internet. Nick Clegg, the former leader of the U.K. Liberal Democrat party who now heads global affairs for Facebook, says...

POPULAR NEWS
Hong Kong Stocks End Down After Four-Day Rally (Review)
Saturday, 22 June 2019 03:16 WIB

Hong Kong shares fell on Friday after a four-day rally, while traders turn their attention to next week's high-stakes meeting between Donald Trump...

Oil logs 9% weekly rise, biggest since late 2016; refinery fire jolts gasoline futures
Saturday, 22 June 2019 03:08 WIB

Oil futures gained on Friday, with U.S. prices tallying a rise of nearly 9% for the week and highest settlement this month, lifted by expectations...

Stocks end slightly lower a day after S&P notches record close
Saturday, 22 June 2019 03:15 WIB

U.S. stocks ended slightly lower Friday, but locked in strong weekly gains after the Federal Reserve indicated on Wednesday it could carry out rate...

You Can't Be Anything But Bullish On Gold After $1,400 Breaks – Analysts
Monday, 24 June 2019 15:44 WIB

Patience has finally paid off for the gold bull, as demand for the precious metal has pushed prices to levels not seen in nearly six...