US stocks gain ground as investors await August inflation reading

US stocks gain ground as investors await August inflation reading

US stocks rose early Monday, on track for a fourth consecutive day of gains, as traders look ahead to inflation data later in the week. How are stocks trading The Dow Jones Industrial Average DJIA, +0.85% rose 127 points, gold 0.4%, to 32,278. The S&P 500 SPX, +0.96% was up 25 points, or 0.6%, at … Read more

Inflation falls for the first time in more than two years, key US gauge shows, due to sinking gas prices

Inflation falls for the first time in more than two years, key US gauge shows, due to sinking gas prices

The numbers: A key gauge of US inflation fell 0.1% in July thanks to tumbling gasoline prices, marking the first decline in more than two years and giving Americans some relief from a rapidly rising cost of living. The drop in the so-called personal-consumption price index was the first since April 2020, when the US … Read more

US consumer price inflation surprises to downside in July

US consumer price inflation surprises to downside in July

The numbers: The US consumer price index was unchanged in July, the Labor Department said Wednesday, compared with the 1.3% gain in the prior month. Economists polled by The Wall Street Journal had estimated a 0.2% advance in July. The rate of inflation in the 12 months ended in July retired to 8.5% from a … Read more

US inflation surges again and stays at 40-year high, key price gauge shows

US inflation surges again and stays at 40-year high, key price gauge shows

The numbers: A key gauge of US inflation rose a sharp 1% in June, led by higher fuel prices, in a sign that price pressures in the economy are still intense and unlikely to relent quickly. The increase in the so-called personal-consumption price index exceeded Wall Street’s forecast. Economists had predicted a 0.9% advance. A … Read more

Rising rents, gas and food prices push US inflation rate to 8.6%, CPI shows

Rising rents, gas and food prices push US inflation rate to 8.6%, CPI shows

The numbers: The cost of living jumped 1% in May on the back of higher rents, gas and food prices, pushing the rate of US inflation to a 40-year high of 8.6%. The increase in the consumer price index in May was more than triple the gain in the prior month. Economists polled by The … Read more

Who’s to blame for Thursday’s selloff? The Fed, and you, says this analyst

Who’s to blame for Thursday’s selloff?  The Fed, and you, says this analyst

But Thursday’s 3.6% nosedive in the S&P 500 SPX, -3.56%, to the second-lowest close of the year, had two major culprits: the Federal Reserve, and weirdly, investors themselves. Krishna Guha, the vice chairman of Evercore ISI and previously a top aide to form New York Fed President Bill Dudley, says that, more or less, stocks … Read more

US inflation rate surges to 6.6%, PCE index shows, but prices might also be peaking

US inflation rate surges to 6.6%, PCE index shows, but prices might also be peaking

The numbers: The Federal Reserve’s preferred measure of inflation rose a sharp 0.9% in March, but the increase largely stemmed from a surge in the cost of gas and there were some signs that intense price pressures could be starting to ease. Over the past 12 months, the personal consumption price index has climbed 6.6%, … Read more

Stocks are rallying because of what an inverted yield curve says about the Fed and inflation, strategist says

Stocks are rallying because of what an inverted yield curve says about the Fed and inflation, strategist says

The inversion of a key measure of the Treasury yield curve is telling investors more about inflation and the Federal Reserve’s credibility than it is about the prospect of recession, according to a veteran Wall Street strategist. “The inversion of the 2s10s nominal Treasury curve is not implying slower growth, but rather lower inflation in … Read more