CPI

Consumer prices rose 0.4% in September and were up 8.2% from a year ago, according to BLS data released Thursday. Excluding food and energy, the core ...

Nonfarm payrolls rose 263,000 in September and the unemployment rate fell to 3.5%, tied for the lowest since late-1969. That was just slightly ahead of the 225,000 estimate but still an indicator that layoffs are low. Energy prices have moved higher in October, with the price of regular gasoline at the pump nearly 20 cents higher than a month ago, according to AAA. Jobless claims for the week ended Oct. "The more inflation comes in above expectations, the more they're going to have to prove that commitment, which means higher interest rates and cooling in the underlying economy." Transportation services also showed a big bump, increasing 1.9% on the month and 14.6% on an annual basis. How much the higher prices have hurt consumers could be made clearer Friday, when the Commerce Department and Census Bureau release September's retail sales report. "Inflation is able to run this hot in part because consumers have had very strong purchasing power," she said. Another large jump in food prices boosted the headline number. On a 12-month basis, so-called headline inflation was up 8.2%, off its peak around 9% in June but still hovering near the highest levels since the early 1980s. - Excluding food and energy, the core consumer price index accelerated 0.6% and 6.6%, respectively. "The Federal Reserve has made it very clear they're committed to price stability, they're committed to reducing the inflationary pressures," said Michelle Meyer, chief U.S.

Stocks and bonds fell sharply as stubborn price pressures made it more likely that the Federal Reserve will continue raising interest rates aggressively.

Based on prices in futures markets, which show where investors expect interest rates to be after the Fed’s upcoming meeting, the forecast is for a three-quarter-point increase. “The longer they stay elevated, we are going to see some interesting things happen in the market.” “This is going to put pressure on the Fed to do more.” The two-year Treasury yield soared more than 0.2 percentage points to a new high of 4.5 percent, a big move for an asset that typically moves in hundredths of a percentage point. The new data will be crucial for informing policymakers, and therefore investors, on how much further interest rates will need to rise before inflation starts to consistently fall. The fall comes after another drop on Wednesday, the sixth daily decline in a row.

A closely watched measure of US consumer prices rose by more than forecast to a 40-year high in September, pressuring the Federal Reserve to raise interest ...

Today's CPI inflation report saw 0.4% month-on-month inflation for September. That should be enough to confirm the Fed's plans to hike aggressively on ...

If that’s the case, we may see further rate hikes from the Fed in 2023. Similar to the [recent spike in wholesale prices for September](https://www.forbes.com/sites/simonmoore/2022/10/12/september-ppi-report-will-concern-the-fed/?sh=29440d304149), inflation is not falling as fast as the U.S. Shelter costs have a large weight in the inflation series, so falling house prices would likely go some way to tame inflation. One worry is that energy prices have moved up again in October, so far, after recent OPEC+ production cuts. Also if you look at the definition of inflation that strips out food and energy the year-on-year inflation exceeded the recent peak from March. Still, there were some early positives in the data.

Global markets have suffered a torrid few weeks and there was little sign of respite in either Asia or Europe as weak equities knocked MSCI's 47-country world ...

"I would say it's heroic to say the risk of some sort of systemic problem has been extinguished because these are big moves and we don't now how much deleveraging needs to be done," Janus Henderson's O'Connor said. labour markets will be cooling and housing markets will be falling." "I'm more concerned than I've been for some time," said Tom Nash, a fixed income portfolio manager at UBS Asset Management in Sydney. This is extraordinary." Interest rate hikes take a year to 18 months to fully take effect. Treasury yields were edging up in Europe. "Obviously the markets appear a little bit rattled and I think everyone remains worried about the stability of the UK financial markets. "Are we there yet? "The risk of an over-tightening episode and some mishap in financial markets is higher than I can remember." Several policymakers did stress, however, that it would be important to "calibrate" the pace of further rate hikes to reduce the risk of "significant adverse effects" on the economy. As a result "it is quite plausible that around the end of the year, the central banks declare a pause... My feeling is that we are quite close to pricing in peak rates, but on the growth story I think there are probably a lot of downgrades still to come," he said.

(Bloomberg) -- Wall Street hopes that the Federal Reserve might be able to ease up on its battle against inflation later this year were decisively dashed ...

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Consumer prices are projected to have climbed 8.1 percent in the year through September, down from the previous month but still far higher than the Federal ...

We took a close look at [five New Yorkers’ food and drink habits](https://www.nytimes.com/2022/08/08/nyregion/inflation-nyc.html?action=click&pgtype=LegacyCollection&state=default&module=styln-us-economy&variant=show®ion=MAIN_CONTENT_1&block=storyline_top_links_recirc)to see where the effects are most felt. The increase, known as a COLA, is intended to help retired and disabled Americans keep pace with the rate of inflation. Based on prices in futures markets, which show where investors expect interest rates to be after the Fed’s upcoming meeting, the forecast is for a three-quarter-point increase. Futures on the S&P 500 were up 0.6 percent in premarket trading, after another drop on Wednesday — the sixth daily decline in a row — took the index to a new low for the year. But they expect the progress to be gradual [as rents continue](https://www.nytimes.com/2022/07/11/business/economy/rent-inflation-interest-rates.html) to climb and other service costs increase. inflation to remain near 0.3 percent or 0.4 percent for the next couple of months before edging down to 0.2 percent or 0.3 percent next year. The Fed aims for 2 percent annual inflation on average, though it defines that using a different inflation gauge — the Monetary policy changes take months or even years to have their full effect on the economy, but central bankers have been clear that they want to show that they are resolute in fighting inflation. [8.3 percent](https://fred.stlouisfed.org/graph/fredgraph.png?g=TUQN) in the year through August. Prices probably increased 6.5 percent after stripping out fuel and food — which tend to be volatile and are often removed from inflation readings to allow for a better sense of underlying trends — making for a slight uptick in the so-called core index. They think core inflation will be 6 percent on an annual basis by the end of 2022, and 2.9 percent by the end of next year. Data to be released on Thursday is expected to show some signs of progress in the Federal Reserve’s fight against inflation.

New data to be released Thursday morning will underscore the Fed's message that it is far from seeing enough progress on inflation.

A shopper at a grocery store in San Francisco on May 2. (David Paul Morris/Bloomberg News)Listen8 minComment on this storyCommentGift ArticleShareInflation sped up in September compared to the month before, rising 0.4 percent, despite policymakers’ work to bring down higher prices that have weighed on American families and businesses.Financial markets appeared poised to tumble on the news, according to premarket trading, as investors worry the report will ensure tougher interest rates to come by Federal Reserve policymakers.

The cost to protect a basket of US high-grade bonds against default, measured by the Markit CDX North American Investment Grade Index, surged as much as 6.7 ...

As investors prepare for the latest Consumer Price Index (CPI) report, a barometer for measuring inflation, before the Federal Reserve's November decision ...

[Ethereum](/resources/what-is-ethereum-quickly-explained-four-minute-guide), the second-largest cryptocurrency by market capitalization, has posted losses of 4.6% over the past 24 hours, trading at $1,240. consumer price index will be released Thursday at 8:30 a.m. The U.S.

The Consumer Price Index report for September, released Thursday, showed that painfully rapid price increases continued to trouble Americans and bedevil the ...

This is bad news for Democrats ahead of the midterms. For the Fed, this probably locks in a big November rate increase. Central bankers have raised interest rates five times this year and are expected to make a fourth jumbo sized, three-quarter-point move at their meeting on November 2. Meanwhile, new car prices and car parts continue to increase sharply in price. A long-awaited slowdown in goods prices isn’t happening as quickly as hoped, and cars are a case in point. Used car prices dropped in September, but not nearly as much as economists expected. It offers a snapshot of the latest trends — and those month-to-month figures looked bad. That measure typically [climbs around 3 percent](https://fred.stlouisfed.org/graph/?g=UNkM)per year, and housing costs matter because they move slowly and make up a big chunk of overall inflation. That’s worrying, because it suggests that wage increases — a major cost for service providers — may be feeding into higher prices. The overall index climbed 8.2 percent in September versus the prior year, a slight moderation from 8.3 percent the previous month — but that was because gasoline prices had fallen, a trend that has since reversed. Here are the takeaways: Practically every other detail of the report was worrying.

A key inflation report showed consumer prices came in hotter than expected in September, punishing Americans and giving license to the Federal Reserve to ...

“Our position is the Fed should stop there and smell the coffee.” … and it’s spreading to services, where it’s going to be much more persistent, much more stubborn, much more difficult to bring those prices back down,” he said, citing the cost of a haircut, which is unlikely to fall in the same way as goods prices do. On an annual basis, food prices are up 11.2% from last September, just shy of the 43-year high of 11.4% hit in August, CPI data shows. “However, the renewed acceleration in some categories, particularly core inflation, suggests that price pressures are still firm and widespread. This is a cause for concern.” “So it’s not like gas is totally off the table.” Shelter prices were up 0.7% in September and 6.6% annually. Economists had projected the pace of price increases would slow to 8.1% last month. Economists had projected that the monthly figure would rise by 0.2%. “I think the Fed is going to go for it with a 75 basis points [hike] in November and 50 to 75 [basis points hike] in December,” Alemán said. “It started in one area of the economy, and now it’s spread rapidly, infecting other areas of the economy. [the 8.3% rise seen in August](https://www.cnn.com/2022/09/13/economy/august-cpi-inflation), according to the Consumer Price Index, which measures the changes in prices for a basket of consumer goods and services.

Treasury yields rose on Thursday as markets braced themselves for the release of September's consumer price index data, while digesting PPI figures.

The consumer prices report follows Wednesday's stronger-than-expected producer price index inflation reading. The yields were off the highs of the session in midday trading. Analysts are therefore broadly expecting another 75 basis point hike to be implemented next month, a view likely reinforced by the CPI report. The 10-year Treasury yield rose roughly six basis points to 3.958%. Rising prices, combined with last month's stronger than expected jobs report, all but guarantee the Fed will enact its fourth 0.75% rate hike when officials next meet in November," said Richard Flynn, managing director of Charles Schwab UK. The yield on the 2-year Treasury note jumped 19 basis points to 4.476% at 4:00 p.m ET Thursday .

(Bloomberg) -- Equities extended declines as caution prevailed before awaited highly anticipated US inflation data later Thursday. The dollar edged higher.

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(Kitco News) - Gold price have dropped sharply into negative territory as U.S. consumer prices rise more than expected in September, raising prospects that ...

The report said gasoline prices fell 4.9% last month, with the overall energy index dropping 2.1%. The gold market has been unable to withstand solid momentum in the U.S. Expectations for a 75-basis point hike also jumped sharply for December. December gold futures last traded at $1,666 an ounce, down 0.69% on the day. [Kitco News](/)) - Gold prices have dropped sharply into negative territory as U.S. [Editor's Note: With so much market volatility, stay on top of daily news!

The "core" Consumer Price Index, seen as a more steady indicator of inflation, rose 6.6% from a year prior – a four-decade high.

CoinDesk is an independent operating subsidiary of [Digital Currency Group](https://dcg.co/), which invests in [cryptocurrencies](https://dcg.co/#digital-assets-portfolio) and blockchain [startups](https://dcg.co/portfolio/). [strict set of editorial policies](/ethics/). [BTC](https://www.coindesk.com/price/bitcoin/)) tumbled nearly 3% in the minutes after the report to its lowest level since Sept. “Core categories, such as housing costs, tend to be ‘stickier’ in terms of price movements, and can give insight into future inflation expectations.” Crypto traders track monthly inflation figures closely, because the Federal Reserve’s efforts to temper soaring inflation have [pushed down prices](https://www.coindesk.com/markets/2022/09/06/the-fed-wants-you-to-lose-money-in-stocks-and-probably-crypto-too/) for financial assets seen as risky, from stocks to bitcoin. The core CPI rose 6.6% from a year ago to its In a As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of [stock appreciation rights](https://www.investopedia.com/terms/s/sar.asp), which vest over a multi-year period. – rose 8.2% in September from the same month a year ago, slightly higher than the 8.1% forecasted by economists. 1-2, when the FOMC meets next. When some prices fall, others rise. The index rose 0.4% from August.

Asian equities advanced in the wake of a shock rebound in US stocks that roared back from losses sparked by a hot inflation reading.

(Bloomberg) -- Equities in Asia extended the remarkable rebound that saw US stocks roar back from losses sparked by a hot inflation reading.

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WASHINGTON -- The US Labor Department reported Thursday that the country's consumer inflation in September surged 8.2 percent from a year ago, ...

In July and August, the CPI soared 8.5 percent and 8.3 percent, respectively. Core CPI jumped 6.6 percent over the last 12 months, the largest 12-month increase in that index since August 1982. The shelter index also rose 6.6 percent over the last year, accounting for over 40 percent of the total increase in core inflation.

Persistence of high inflation triggers see-saw session on Wall Street as investors weigh tougher monetary response.

S&P 500 52-week lows were hit like a third rail, and markets recoiled the other direction.

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China's consumer price index increased by 2.8% in September from a year ago, its fastest since April 2020, according to Wind Information.

Much of the gains came from a continued pickup in pork prices, which rose by 36% year-on-year for their biggest rise since August 2020, Wind data showed. by about one or two months, Francoise Huang, senior economist at Allianz Trade, said in a phone interview earlier this week. Changes in China's producer price index tend to precede similar changes in that of the U.S. - Changes in China's producer price index tend to precede similar changes in that of the U.S. - However, China's producer price index grew in September by its slowest since January 2021, according to Wind. - China's consumer price index increased by 2.8% in September from a year ago, its fastest since April 2020, according to Wind Information.

US stocks noted strong gains on Thursday, October 13, as the investors seem to have taken advantage of the beaten-down prices of the stocks after CPI data ...

(AVGO) and Oracle Corporation (ORCL) were up 1.77 per cent and 2.39 per cent, respectively. ConocoPhillips (COP) and TotalEnergies SE (TTE) ticked up 5.70 per cent and 4.45 per cent, respectively. (AAPL) jumped 3.54 per cent, Microsoft Corporation (MSFT) climbed 3.90 per cent, and NVIDIA Corporation (NVDA) rose 4.10 per cent. Bank of America Corporation (BAC) and Mastercard Incorporated (MA) advanced 5.94 per cent and 3.83 per cent, respectively. Gold futures were down 0.28 per cent to US$1,672.80 per ounce. (V) gained 3.73 per cent, and JPMorgan Chase & Co. Meanwhile, the legacy carrier said that it expects a jump of as much as nine per cent in its Q4 revenue compared to the same period of 2019, citing strong demands for domestic and international travel. (JPM) surged 5.52 per cent. The 6.6 per cent jump in the core CPI marked its highest level since August 1982. The Dow Jones was up 2.83 per cent to 30,038.72. [S&P 500 index](https://kalkinemedia.com/definition/s/S&P-500-index) on Thursday, while the information technology sector provided the highest boost. (BRK-B) rose 4.65 per cent, Visa Inc.

Gasoline prices pulled back last month, but food and housing costs ticked higher; retail sales were flat.

“So, that last 150 basis points—1.5 percentage points—that’s going to take a while because that goes to the inflation for services, which goes back to wages and the labor market. “Inflation has built up a lot of momentum over the last year,” Bill Adams, chief economist at Comerica Bank, told the Journal. Housing costs rose the most since the early 1980s. [reported](https://www.census.gov/retail/index.html) that retail sales were flat last month compared with a 0.4% August increase over July. The Federal Reserve will likely raise interest rates another 0.75 percentage points at its meeting next month due to the high inflation number. That has to cool off, and that’s going to take some time.” Retail trade sales were down 0.1% (±0.4%) from August but up 7.8% (±0.7%) compared with last year. From August to September, core CPI rose 0.6%, the same as in August, and was up from 0.3% in July. [four-decade high last month](https://www.wsj.com/articles/us-inflation-september-2022-consumer-price-index-11665628037), showing that strong and broad price pressures are still happening, reports the Wall Street Journal. Retail sales at gas stations fell 1.4% last month but were 20.6% (±1.6%) higher compared with September 2021. retail and foodservices sales for September were $684 billion, essentially unchanged (+/-0.5%) from the prior month. Prices were up in the categories of housing, medical care, airline fares and other services.

Core CPI inflation grew at significantly higher rates than expected. See why this increases pressure on Fed to use policy tools to tighten financial ...

In particular, market expectations of the Fed’s so-called “terminal rate” will likely increase, causing the cost of financing to increase and overall financial conditions to tighten. The second reason is that, to the extent that inflation is low and stable, there is relatively little risk that the Fed might implement policies that are contrary to the expectations and/or desires of market participants – i.e. In Figure 5 below, we list the top 10 CPI components, at the most granular level, that contributed negatively and positively to the MoM acceleration (expressed in percent change) of All Items CPI. In the past two months, Core CPI is running at an annualized rate of over 7%, which represents an acceleration relative to the YoY figure and is dramatically higher than the Fed’s target of 2.0%. It is therefore becoming increasingly unlikely that core or overall CPI will decelerate in the next six months, in the manner that the Fed and markets currently have projected. Various details of the CPI report, including acceleration of key “sticky” components of core CPI, provides the Fed with no leeway to “pivot” toward a more dovish policy. Thus, current conditions in the labor market suggest the need for the Fed to implement a monetary policy that is significantly tighter than normal. These contributions take into account both the magnitude of the MoM change in each component as well as the weight of each component in All Items CPI. The sum of the contributions in this column adds up to the MoM Acceleration of All Items CPI. The fourth column contains the Cumulative Contribution to the percent MoM change of CPI. Finally, the rightmost column contains the Cumulative Contribution to MoM Acceleration of All Items CPI. As can be seen above, both All Items and Core CPI inflation rates surprised to the upside this month.

China's consumer inflation remained subdued on price stabilization efforts in September, official data showed on Friday, an enviable feat beyond the reach ...

The eurozone, for its part, will see its economic growth slow to 0.5 percent in 2023 from this year's 3.1 percent. Meanwhile, the producer price index (PPI) gained 0.9 percent in September from the year before. Inflation will hit 8 percent in 2022 and 7 percent in 2023, the German government forecast. Accordingly, the consumer market operated stably overall, Dong Lijuan, chief statistician with the NBS' city department, said in a statement posted on the bureau's website. The government recently unveiled a 200-billion-euro fund to shield consumers and businesses from surging prices, which includes a cap on energy costs. A shopper buys pineapples at a fruit and vegetable market in Berlin on October 14, 2022. As the country's subdued inflation provides leeway for the rollout of more pro-growth measures, the manufacturing sector is notably being primed for a restructuring while the rest of the world is expected to scramble its way out of the current plight, Tian commented, expecting China to stay ahead of the curve in upgrading its higher-end manufacturing sector. While a slowdown in global growth is in the pipeline for 2023, China's economy, per the IMF's latest growth projections on Tuesday, is on track for a 4.4 percent expansion from 3.2 percent this year. "The sharp divergence between PPI inflation in China and the eurozone (43.3 percent year-on-year in August) suggests China may be gaining a competitive advantage in manufacturing that could help bolster its exports," Nomura economists wrote in a research report sent to the Global Times on Friday. Annual inflation in the eurozone was expected to rise to 10 percent in September from 9.1 percent in August, according to a flash estimate by Eurostat, the EU's statistical office. This is in stark contrast to the US, which was forecast to see its GDP grow 1 percent in 2023 after eking out a 1.6 percent annual growth in 2022. Over October, pork prices are estimated to maintain growth momentum while prices of vegetables and other foods are expected to be underpinned by a busy consumption season, Ding said in a research note sent to the Global Times on Friday, anticipating that the CPI will hold steady at its September level.