Today news
About the same in other media
Fed rate cut a 'near certainty' as US inflation drops to 2.5% beating expectations
Reading now: 146
investmentweek.co.ukAccording to data from the US Bureau of Labor Statistics today (11 September), the Consumer Price index (CPI) rose 0.2% on a monthly basis, similar to July's reading. US economy adds 142,000 jobs in August as unemployment rate softens Core inflation, however, remained over the 3% mark at 3.2%, meeting market expectations. On a monthly basis, core CPI increased by 0.3% compared with 0.2% in July. Shelter was the biggest contributor to the inflation figures, adding 5.2%, while energy was the biggest detractor at 10.1%. According to Lindsay James, investment strategist at Quilter I...
To continue reading this article...
Join now
Login
Read more on investmentweek.co.ukAbout this in other media
Fed rate cut good for EMs; don’t see any positive trigger in PSUs but bullish on private banks: Dinshaw Irani economictimes.indiatimes.com /3 months ago
The week in charts: Rainfall woes, Fed rate cut, Tupperware crisis livemint.com /3 months ago
Latest Market News Today Live Updates September 20, 2024: S&P 500 hits record-high, Nvidia soars 5% after US Fed rate cut triggers rally in semiconductor stocks livemint.com /3 months ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
