Tag: FederalReserve

Inflation Cools: June CPI Drops, Core Rate Eases to 3.3% Year-over-Year

June Consumer Price Index: -0.1% M/M vs. +0.1% expected and 0.0% in May.
+3.0% Y/Y vs. +3.1% expected and +3.3% prior.
Core CPI (excludes food and energy): +0.1% M/M vs. +0.2% expected and +0.2% prior.
+3.3% Y/Y vs. 3.5% expected and +3.4% prior.

The 10-year yield has dropped to 4.27% and S&P 500 futures are up 0.3%.

Headline – May PCE Price Index: +0.0% M/M vs. +0.0% consensus and +0.3% in April.

+2.6% Y/Y vs. +2.6% expected and +2.7% prior.

Core – PCE Price Index: +0.1% vs. +0.1% expected and +0.3% prior (revised from +0.2%).

+2.6% Y/Y vs. +2.6% expected and +2.8% prior.

10-year treasury yield lower at 4.276%

S&P 500 Futures up 0.4%

Breadth in the market was better the past few days, hopefully with these inflation numbers the broader rally should continue.

These are better than expected numbers and Futures are up 0.7% and the 10 year treasury is down 14 basis points to 4.3%

CPI inflation stays hot in March

March Consumer Price Index: +0.4% vs. +0.3% expected and +0.4% prior.
+3.5% Y/Y vs. +3.5% expected and +3.2% prior.
Core CPI: +0.4% vs. +0.3% expected and +0.4% prior.
+3.8% Y/Y vs. +3.7% expected and +3.8% prior.
That translates to a 3.8% increase over the past 12 months, topping the 3.7% increase expected and keeping the same pace as in February, the U.S. Department of Labor said.
Shelter and gas combined contributed over half of the overall monthly increase.
Treasury 10-year yields rose 10 basis points to around 4.45%,

The S&P 500 Futures are down 1.45%