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Consumer prices rose at the slowest pace since April 2021 as inflation showed further signs of cooling in May, according to the latest data from the Bureau of Labor Statistics released Tuesday ...
For instance, Bank of America forecasts a 0.1% and 0.3% month-over-month gain in September's headline and core CPI, respectively. Those moves shouldn't be enough to impact the Fed's thinking.
But even with that targeted approach, the consensus is that it will act as a dreaded inflation bomb. In this case, the report predicts inflation could increase by 0.6 percentage points. Fiscal Tension
Yet, the latest inflation report has made the outlook for interest rate cuts look more favorable in 2025, according to Bank of America. Though some investors were fretting over the possibility ...
As a consequence, economists at Goldman Sachs have forecast that core inflation would amount to 2.7% by the end of 2025. Without tariffs, they estimate it would drop to 2.4%.
While economic growth fears have ebbed, inflation is inching higher, and November CPI will set the tone for the stock market in the near term, BofA said. Why the coming inflation report may be ...