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The figure topped economists’ consensus forecast for 3.4% year-over-year inflation, and February’s 3.2% reading. ... Markets reacted as expected to the hot inflation report on Wednesday, with ...
The S&P 500 sunk 2.9%. Among the key signals from the Fed include a higher terminal interest rate projection of 3% rather than 2.875%, and an increased inflation forecast of 2.5% next year. Both ...
Inflation has been chipped away at in the past year, but it's never a good idea to expect it'll stay under control forever. Indeed, unexpected inflationary events can happen, and one's investment ...
Economists expected a 0.2% monthly increase, according to FactSet. ... “The economy’s momentum and recent elevated inflation readings caused me to revise up my inflation forecast for next year ...
Headline consumer prices rose as forecast last month. The CPI increased 2.9% over the prior year in December, an uptick from November's 2.7% annual gain in prices.The yearly increase matched ...
Core inflation, which excludes volatile items like food and energy, remained stubbornly high at 3.3% year-over-year, in line with forecasts and consistent with the previous two months.
Inflation in New Zealand exceeded forecasts in July 2022, reaching 7.3%, which is the highest since 1990. [233] Economists at ANZ reportedly said they expected faster interest rate increases to counteract inflationary pressures. [234] In Fiji, inflation rose to 4.7% in April 2022 compared to –2.4% in 2021. [235]
The respective forecasts were for 0.2% and 2.7% on core. “All quiet on the inflation front,” said Chris Larkin, managing director of trading and investing at E-Trade from Morgan Stanley.