U.S. consumer prices

Data Release Menu Today Dominated by Inflation and Industrial Production

November 10, 2022

Ahead of the U.S. October consumer price data release, the dollar had risen overnight by 0.6% against the euro and 0.3% relative to the Swiss franc and Australian dollar. But drops of 0.4% against sterling and 0.2% versus the Japanese yen and Mexican peso held the weighted DXY dollar index’s gain to 0.3%. Ten-year sovereign […] More

ECB Surprise, a Diplomatic Failure, and Many Price Data Releases

March 10, 2022

In light of risks posed by Russia’s invasion of Ukraine, today’s European Central Bank policy review was not expected to push ahead with its QE exiting strategy, but in fact the pace of the phase-out of asset purchase program bond buying was stepped up: EUR 40 billion will be bought next month, then EUR 30 […] More

Covid-Related Setbacks in European Confidence, a Smaller Chinese Trade Surplus, and Another Day for Barrett Confirmation Hearings

October 13, 2020

Some risk aversion has returned to Europe. In many countries there, lockdown restrictions against Covid-19 have had to be tightened. And data reports out today reflect rising concern. For example, the ZEW expectations index of financial investor confidence toward Germany suffered a big setback this month, dropping to a five-month low of 56.1 from September’s […] More

This Year’s 9-11 Anniversary Finds America in Even Worse Condition than 19 Years Ago

September 11, 2020

The United States suffered its worst military attack since Pearl Harbor on September 11, 2001, a solemn occasion that on each ensuing anniversary has become a sacred moment of remembrance. By late 1960, nineteen years after Pearl Harbor. America was king of the world. After an equal span of time, September 11, 2020 finds the […] More

Lower Dollar Ahead of FOMC Release

June 10, 2020

The Federal Open Market Committee reviewed U.S. monetary policy yesterday and today and will release a statement at 14:00 EDT (18:00 GMT) and updated forecasts. These will be followed by Chairman Powell’s press conference at 14:30. The 0-0.25% federal funds target will not be changed, but the forecasts, which ordinarily are revised quarterly, will be […] More

Policies Driving Currency Markets as More Evidence Emerges of Slower Global Growth

February 13, 2019

Industrial Production in the euro area fell 0.9% in December, more than double the expected slide after a 1.7% drop recorded in November. This resulted in a 4.2% 12-month rate of decline, the biggest on-year contraction since November of 20o9. December output among the common currency bloc’s five largest economies fell from end-2017 levels by […] More

Down Day for Stocks and Dollar

April 11, 2018

Military conflict between U.S. and Russian forces in Syria appears at hand. Trump is promising missile strikes, and Russia claims to have the ability to knock them out of the sky before targets are hit. Investors are uneasy that these hostilities will escalate further. U.S. consumer price inflation accelerated further in March in spite of […] More

Weaker Aussie Dollar and a Bunch of Items of Interest

January 16, 2014

The Aussie dollar fell 1.2% against its U.S. counterpart.  The U.S. dollar otherwise slipped 0.3% against the loonie and Swiss franc, 0.2% relative to the yen and 0.1% against the euro.  The dollar also firmed 0.2% against the kiwi, yuan and sterling. Brazil’s Selic interest rate has been raised by a further 50 basis points […] More

North American Data Run-Down

January 19, 2012

U.S. inflation is benign.  Total U.S. consumer prices slid 0.4% at an annualized rate in the final quarter of 2011, cutting on-year inflation to 3.0% in December from 3.9% in September.  Core consumer prices increased 2.2% between end-2010 and end-2011.  That represents a slight acceleration from 1.8% between end-2009 and end-2010.  Core consumer prices, which […] More

Total and Core U.S. Inflation

June 15, 2011

U.S. core consumer price inflation, which excludes food and energy, was still fairly tame at 1.5% in the year to May.  Such was more than double the low of 0.6% in the year to October 2010 but below the 1.8% rate of increase in the year to May 2009, which encompassed the severest part of […] More