Inflation eased to 3.4% in April as stocks climbed higher. Explore the impact of CPI data on the market!
Inflation moderates! Recent reports on the Consumer Price Index (CPI) for April bring a sense of relief as core inflation shows a slight decrease. While retail sales have slowed more than anticipated, the S&P 500 continues its upward climb, reflecting optimism in the market.
The Bureau of Labor Statistics is set to release the April CPI data today, which could have significant implications for future economic prospects. With the latest report showing a 3.4% increase in inflation from a year ago, slightly softer than previous months, investors eagerly await the impact on market trends.
Following the CPI release, the Dow Jones Industrial Average opens higher, signaling market confidence. With inflation easing to 3.4% in April, the market sees a positive response as investors adjust their strategies based on the latest inflation figures.
In a surprise twist, the S&P 500 hits a record high fueled by the positive CPI inflation reading. The market rally following the 'breath of fresh air' inflation report showcases the dynamic relationship between economic indicators and stock performance.
Consumer price index data for April showed that core inflation moderated last month, while retail sales cooled more than expected. The S&P 500 opened ...
The April consumer price index data will be released today by the U.S. Bureau of Labor Statistics.
The Bureau of Labor Statistics reported that the Consumer Price Index climbed 3.4% in April from year-ago levels—a tick downward from March's 3.5% rate.
The consumer-price index for April is out. Follow along for live updates on stocks and other markets, including the Dow Jones Industrial Average, ...
Prices climbed 3.4 percent in April from a year earlier, a moderation after some hot inflation readings this year. Stocks rose as investors bet that the ...
U.S. consumer prices increased less than expected in April, suggesting that inflation resumed its downward trend at the start of the second quarter in a ...
Yearly inflation eased to 3.4% in April as gas prices and rent increased, CPI report says.
Washington, D.C.—Today, Senator Martin Heinrich (D-NM), Chairman of the U.S. Congress Joint Economic Committee (JEC), released the following statement after ...
Consumer inflation rose 3.4% in April from a year earlier, according to fresh Labor Department data released this morning. Here are the high-level numbers, ...
A look at the day ahead in U.S. and global markets from Mike Dolan. Markets seem to have got bored waiting for today's big U.S. inflation print and stocks ...
Inflation cooled in April as price gains slowed, CPI report says · The report on Wednesday showed the overall consumer price index increased 3.4% over the last ...
The “breath of fresh air” inflation report ignited Wednesday's stock market rally.
April's Consumer Price Index inflation report contains some signs that inflation could be easing. Still the Fed may want more data before interest rate ...
WASHINGTON, D.C. – Today, House Budget Committee Chairman Jodey Arrington (R-TX) released the following statement after the Consumer Price Index (CPI) ...
WASHINGTON, D.C. – Today, House Budget Committee Chairman Jodey Arrington (R-TX) released the following statement after the Consumer Price Index (CPI) ...
The consumer price index was expected to increase 3.4% from a year ago, according to the Dow Jones consensus estimate.
Markets surged to record highs Wednesday after new data showed that inflation cooled in April after ticking up recently.
Wednesday was a record-buster for markets, with all three indexes rallying to reach new closing highs. The rally was fueld by the latest CPI report, ...
CPI moderated last month, boosting hopes for interest rate cuts coming sooner rather than later.
The moderating inflation metric offers some hope, but the US central bank needs more before considering a dovish turn. May 15, 2024; By Bloomberg News ...
Global stock markets rose to record highs while U.S. Treasury yields and the U.S. dollar fell on Wednesday as data showed U.S. consumer prices rose less ...
All week long, Wall Street was looking for, searching for, maybe even praying for a decent inflation report. Traders' prayers were mostly answered.
Inflation eased as smaller gains in services (e.g., food services) costs offset the continued strong rises in rent and gasoline prices. While the journey back ...