US inflation ebbs for first time in six months in relief for Fed
The so-called core consumer price index climbed 0.3% from March, snapping a streak of three above-forecast readings which spurred concern that inflation was becoming entrenched.
Inflation
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Fed is ‘not far’ from confidence needed to cut rates, Powell says
Policymakers need more evidence that inflation is heading sustainably to the central bank's 2% goal before acting, he said.
Yellen says U.S. making ‘considerable progress’ reducing inflation
The annual inflation rate has dropped to 3.2% in October from its 2022 peak of more than 9% after the Federal Reserve embarked on an aggressive campaign to cool price pressures.
U.S. yields slide as traders see rates falling half point by July
The bond market recovery has come amid some bouts of wild back-and-forth swings, yet is gaining ground since the Fed left its benchmark policy rate unchanged earlier this month.
Persistent inflation, CRE register as top financial stability concerns
The Federal Reserve released its semiannual financial stability report highlighting elevated asset values, funding issues and pockets of leverage as top concerns.
The Fed’s interest-rate debate is shifting
Inflation pressures are easing, which could give policymakers room to keep interest rates at or near current levels for the time being.
Disinflation spreads in emerging markets and selloff deepens
Much of the bullish case for emerging markets this year was predicated on a growth recovery led by China, which successive data releases have shown to be patchy at best and a non-starter at worst.
Bond traders bet on ‘nirvana scenario’ in new yield-curve theory
In a "Nirvana scenario" market experience all the gain (an end to nasty price increases for consumers) without much pain (a spike in unemployment or a major hit to the stock market).
Fed’s Bostic says bar to justify further rate hikes is higher
Bostic said he agreed with the view that "the bar to justify further rate hikes is higher than it was a few months ago."
US inflation slows, giving room for Fed to pause rate hikes
A key gauge of prices closely watched by the Fed continued to rise at a concerning pace. The core CPI rose 0.4% for a third straight month, in line with estimates.
Citigroup warns bond traders are misreading inflation ahead of CPI
Bond traders have overestimated month-over-month headline inflation heading into four of the last seven Consumer Price Index releases, says strategist Raghav Datla.
Fed will keep rates high thanks to inflation fueled by corporate greed, investors say
Some 90% of 288 respondents in a Markets Live Pulse survey said companies on both sides of the Atlantic have been raising prices in excess of their own costs since the pandemic began in 2020.
Fed needs more hikes if inflation, labor stay hot, Bowman says
The Federal Reserve will likely need to raise interest rates further and hold them higher for some time if US price pressures don't cool off and the jobs market shows no sign of slowing.
World’s biggest money managers are divided on inflation’s path
It's a debate that matters more than ever, as bond traders ponder the end of the Federal Reserve's aggressive campaign of interest-rate hikes and wager on cuts starting within months.
Inflation seen coming down much faster due to tighter credit after bank failures
Economists lowered their projections for the consumer price index as well as the personal consumption expenditures price index for every quarter through the first half of 2024, according to the latest Bloomberg monthly survey.
Inflation was so bad that it even crushed inflation-linked bonds
As the US economy veered toward the biggest inflation shock in four decades, investors flocked to the one corner of Wall Street that seemed a sure-fire refuge.
Fed’s John Williams says rates could hit 4.5% over time
During a visit to Buffalo on Friday, New York Federal Reserve President John Williams said the central bank may need to keep cranking up interest rates to gain greater control over high inflation.
UBS Wealth says too early to bet on recession, Fed’s failure
It’s not yet time to position for a recession and investors should instead focus on adjusting asset allocation to surging inflation, according to UBS Global Wealth.
BlackRock strategists say traders are wrong on Fed’s rate path
An overly aggressive path of hikes to combat the spiraling cost of living may backfire. Bringing inflation down to 2% could push unemployment to nearly 10%.
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