Tuesday, 25 February 2020
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
U.S. Core Inflation Picks Up More Than Forecast to One-Year High
Thursday, 12 September 2019 19:47 WIB | ECONOMY |Ekonomi ASCPI Amerika

A measure of underlying U.S. inflation accelerated by more than forecast to a one-year high in August, signaling inflation was already firming ahead of fresh tariffs on Chinese goods this month that may push prices higher for Americans.

The core consumer price index, which excludes food and energy, rose 0.3% from the prior month and was up 2.4% from a year earlier, a Labor Department report showed Thursday. That exceeded the median estimates in a Bloomberg survey, while the broader CPI climbed 0.1% on the month and a below-forecast 1.7% annually.

The core reading reflected the biggest monthly rise in medical-care costs since 2016. Sustained increases in inflation could give some Federal Reserve policy makers pause as they weigh additional interest-rate cuts this year, though the central bank is expected to make a second straight reduction next week as the global growth outlook dims and uncertainty over trade policy damps business investment.

Inflation may pick up further this month following the latest escalation in the tariff battle, as President Donald Trump's levies on a range of consumer goods from China took effect Sept. 1. Late Wednesday, Trump delayed the next round of tariff increases by two weeks to Oct. 15 as the U.S. and China try to resume face-to-face talks.

Source : Bloomberg

RELATED NEWS
German Business Morale Rises in February, Unfazed by Coronavirus - Ifo...
Monday, 24 February 2020 16:38 WIB

German business morale rose unexpectedly in February, a survey showed on Monday, easing recession fears in Europe™s largest economy which has been losing momentum as its manufacturers struggle with ...

U.S. Business Gauge Posts First Contraction Since 2013 on Virus...
Friday, 21 February 2020 21:54 WIB

U.S. business activity shrank in February for the first time since 2013 as the coronavirus hit supply chains and made firms hesitant to place orders, a warning sign that the outbreak is star...

U.K. Economy Is Picking Up Despite Coronavirus Concerns...
Friday, 21 February 2020 16:42 WIB

The U.K. economy continued a run of better-than-expected growth in February, more evidence of a rebound after fourth-quarter stagnation. While the expansion continued apace, there were also signs of ...

German Economy Faces Coronavirus Hit as Export Orders Sink...
Friday, 21 February 2020 15:45 WIB

Germany's economy is facing renewed pressure from beyond its borders as export orders plunge and manufacturers worry about the impact of the coronavirus outbreak on their supply chains. The latest pu...

French Economy Relies on Services as Factory Output Shrinks Anew...
Friday, 21 February 2020 15:29 WIB

France increased its dependence on the service sector for economic growth this month, as factories grappled with issues including the coronavirus outbreak and the discontinuation of Boeing's 737 Max a...

LATEST NEWS
Dow Set to Rise More Than 200 Points Following Its Worst Drop in 2 Years

U.S. stock index futures were higher Tuesday morning, following the market™s worst decline in two years on coronavirus. As of 3 a.m. ET, Dow futures rose 187 points, indicating an implied open of more than 207 points. Futures on the S&P and...

USD/JPY Surrenders Modest Recovery Gains, Fails To Find Acceptance Above 111.00 Mark

The USD/JPY pair failed to preserve its early modest recovery gains and has now dropped back to the lower end of its daily trading range, around the 110.65-60 region. The pair gained some initial traction during the Asian session on Tuesday and...

Gold Sags as Investors Choose Risk Again After Virus-Driven Jump

Gold took a step back from its blistering rally driven by the coronavirus crisis even as more companies issued cautions about the outlook, bets accumulated on the prospects for U.S. interest rate cuts over 2020, and further signs of...

POPULAR NEWS
Gold futures climb by nearly 2% to highest finish since Feb. 2013
Tuesday, 25 February 2020 01:55 WIB

Gold futures rose nearly 2% on Monday to mark their highest finish since February 2013. Concerns surrounding COVID-19 and expectations for further...

Gold price rally has revived demand for call options, risk reversals show
Monday, 24 February 2020 11:05 WIB

Gold's recent rally has bolstered bullish expectations and revived demand for call options, which gives the holder a right but not the obligation to...

Gold Jumps Over 2% as Virus Spread Spurs Safe-Haven Demand
Monday, 24 February 2020 19:17 WIB

Gold prices climbed more than 2% on Monday to their highest since February 2013, as a spike in coronavirus cases in several countries outside China...

Europe stocks sink on fears coronavirus is spreading in Italy; airlines lead losses
Tuesday, 25 February 2020 00:08 WIB

European stocks closed sharply lower Monday as investors monitored the continuing spread of the coronavirus beyond China. The pan-European Stoxx...