Inflation has eased significantly from its highs in mid 2022, but remains somewhat elevated relative to our 2% longer run goal. Estimates based on the Consumer Price Index and other data indicate that total PCE prices rose 2.8% over the 12 months ending in February, and that excluding the volatile food and energy categories, core PCE prices rose 3.0%. These elevated readings largely reflect inflation in the goods sector, which has been boosted by the effects of tariffs.Near-term measures of inflation expect ...

While February's Consumer Price Index report shows only modest price pressures, inflationary risks are rising once again as the conflict in the Middle East drags on. ...

Here are key takeaways from the US consumer price index report for February https://t.co/LsuWYx0vO8 ...

Core Insights - Inflation remained steady at 2.4% year-over-year in February, consistent with January's figures, indicating stability in consumer prices despite external pressures [1] - The core Consumer Price Index, excluding food and energy, also rose by 2.5% annually, matching the previous month's rate, suggesting underlying inflationary pressures are persistent [2] Economic Context - The ongoing conflict in Iran raises concerns about potential energy shocks that could impact the broader economy, complicating the Federal Reserve's decision-making regarding interest rate adjustments [1][2] - The Federal Reserve faces multiple factors, including tariffs, potential tariff refunds, rising energy prices, and weakening employment, which complicate its path forward in managing inflation and interest rates [3]

CPI exactly inline with expectationszerohedge (@zerohedge):CPI 0.3% MoM, Exp. 0.3%CPI Core 0.2% MoM, Exp. 0.2%CPI 2.4% YoY, Exp. 2.4%CPI Core 2.5% YoY, Exp. 2.5% ...

Core Insights - Consumer prices remained stable in February, with the Consumer Price Index (CPI) increasing by 0.3% month-over-month and 2.4% year-over-year, aligning with economists' expectations [1] - The core CPI, excluding food and energy, rose by 0.2% from the previous month and 2.5% from the previous year, also meeting predictions [2] Inflation and Energy Prices - The report is considered historical as it predates the recent conflict with Iran, which has led to rising gas prices and concerns about increased utility bills [2][3] - Oil prices have surged by approximately $30 recently, with expectations of reaching triple digits, prompting investors to focus on the inflationary impact of the conflict [3] - Electricity prices increased by 4.8% year-over-year, while natural gas prices rose by 10.9% during the same period; gasoline prices fell by 5.6% annually but have increased by an average of 60 cents per gallon since last month [3] Federal Reserve and Labor Market - The Federal Reserve's preferred inflation measure, the Personal Consumption Expenditures index, showed a 2.9% annual increase in December, exceeding the target of 2% [5] - The labor market is showing signs of weakness, with a loss of 92,000 jobs last month, raising the unemployment rate to 4.4%, complicating the Federal Reserve's decision-making regarding interest rates amid rising oil prices and inflation [6]

Key dates this week 🗓️Mar 10 ➡️ 🇦🇺 Westpac Consumer ConfidenceMar 11 ➡️ 🇺🇸 Consumer Price IndexMar 12 ➡️ 🇺🇸 Producer Price Index MoMWhich dates are you watching? 👀 ...

China’s consumer-price growth accelerated to the fastest pace in over three years and factory deflation moderated again, as household spending boomed during a later-than-usual Lunar New Year holiday https://t.co/2FfnOHOcQ0 ...

Market Overview - The Dow Jones Index fell by 1055.18 points, a decrease of 2.16%, indicating a significant retreat for the blue-chip average [1] - Dow Futures also dropped by 1056.00 points, reflecting investor reactions to a surprising increase in the Consumer Price Index (CPI) [1] - The rise in CPI suggests potential delays in anticipated rate cuts by the Federal Reserve, leading to a broad-based sell-off across various sectors [1] - Market sentiment remains cautious as the yield on the 10-year Treasury increased, adding pressure on capital-intensive businesses [1] Sector Performance - The industrial and retail sectors experienced the most significant declines, with Caterpillar (CAT) down 4.67% due to concerns over higher interest rates affecting global construction spending [2] - Walmart (WMT) fell by 4.05% as rising costs threaten consumer income [2] - Financial companies struggled, with Goldman Sachs (GS) down 3.88% and American Express (AXP) down 1.67% [2] - Other notable decliners included Amgen (AMGN) down 3.99% and Home Depot (HD) down 2.27% [2] Notable Gainers - Salesforce (CRM) bucked the negative trend, rising by 4.36% driven by strong demand for AI [3] - IBM (IBM) increased by 2.82%, and Chevron (CVX) rose by 1.41% as energy prices provided a hedge against market volatility [3] - Microsoft (MSFT) also showed resilience, up by 0.75% [3] - However, these gains were overshadowed by losses in Johnson & Johnson (JNJ) down 3.73% and Honeywell (HON) down 3.70% [3]

Consumer price pressures in Canada eased slightly in the first month of the year as prices at the pump fell sharply. https://t.co/BtEMZT8arJ ...