EUR / USD extended yesterday's rally caused by the miss
of the inflation data.
Economists note that the drop in oil prices should get phased out
of the inflation data in coming months, helping inflation edge up.
he says while he believes a September rate hike is likely, there have been no signs
of inflation data picking up.
This suggestion is theoretically plausible, but it seems sharply at odds with the actual behavior
of inflation data.
Gold prices rose on Monday as the dollar slipped, but gains are expected to be capped ahead
of inflation data from the U.S. this week.
And they're going to pass them onto you and me as consumers, and that will push
some of the inflation data higher, with some bond - yield reaction to it.
Not exact matches
As investors digested
inflation data and news
of geopolitical turmoil, stocks ended up down after swaying back and forth Wednesday.
From the second video, you'll understand: - The different components
of CPI
data - What «seasonally adjusted» means for monthly
inflation numbers
In isolation, the
inflation data imply that the Bank
of Canada made a mistake by raising interest rates.
The Bank
of Canada's assessment
of all the wage
data at its disposal implies salaries are growing slower than
inflation, never mind credit.
He gave no indication he would raise interest rates until
data give him a reason to worry that
inflation could approach 3 % — the outer limit
of the central bank's target range.
In terms
of data, euro zone
inflation jumped to 1.9 percent in April from 1.5 percent in March driven by energy prices, flash
data showed Friday.
Euro zone annual
inflation has reached 2 percent in the month
of February, flash estimate
data has shown Thursday.
«As well, yesterday's FOMC (Federal Open Market Committee) meeting was less dovish than expected as the Fed kept its policy forecasts unchanged despite clear deceleration in
inflation and a couple
of bad
data points yesterday.»
The
data seemed to mock the Bank
of Japan's recent pledge not only to boost
inflation to 2 % but to lift it above that, so far unreachable, target for a sustained period.
Indeed, the broader
inflation trends shown in Friday's
data confirm recent signs
of a more sure - footed recovery in the world's second - biggest economy, allowing authorities to resist any fresh monetary easing as they move to curb an unsustainable build up
of credit in the financial system.
The FOMC should remain
data dependent and defer its first increase in policy rates until there are greater signs
of wage or price
inflation than are currently evident.
Earlier Thursday,
inflation data out
of France showed that its economy is teetering.
With a background as an investment banker rather than as an economist rooted in a particular analytical framework, Powell will lead «a more
data - driven Fed, which at the current juncture means a more dovish Fed,» until and if
inflation recovers, said Robin Brooks, chief economist at the Institute
of International Finance.
As we've noted before, this increase in high - deductible plans is affecting
inflation data and causing patients to notice the increased costs
of drugs.
The U.K. had been expected to follow close behind the Federal Reserve in raising interest rates for the first time in nearly a decade, but with lower commodity prices and weak wage growth still keeping a lid on
inflation, economists now think that the U.K. may not raise rates till 2017 — even though new
data out Wednesday showed the employment rate hit a 45 - year high
of 74 % in the three months to November.
«High wage
inflation data in the months ahead could cause a rapid reappraisal
of the pace
of Fed rate hikes.
In its monthly release
of labour market
data, the statistical authority confirmed that while wages grew by 2.1 % including bonuses and 1.7 % excluding bonuses, average earnings adjusted for
inflation actually fell by 0.4 % including bonuses, and 0.6 % excluding them.
The sales numbers come two days after ONS
data showed a surprise fall in the rate
of inflation in June.
Some
of the catalysts ahead
of us later this week, aside from the start
of Bank Earnings, includes: ECB's Draghi speaking several times, and Fed's Yellen speaks Friday / Multiple FOMC speakers, and the Beige Book from the Fed /
Inflation from China, Japan, Germany / Germany's ZEW / IP from Japan, EU, US / US Advance Retail Sales / Housing
Data - Housing Starts and Permits / HYG large Coupon Payment date - Could see re-investment bid.
Euro zone
inflation unexpectedly slipped in April as prices
of services increased at a slower pace,
data showed on Thursday.
The Bank
of Canada scrutinizes
inflation data when it considers interest - rate decisions.
LONDON, April 30 - Government bond yields in the euro area nudged higher on Monday as focus turned to preliminary
inflation data from Germany and Italy, two
of the bloc's biggest economies.
U.S.
data on Monday showed that consumer prices accelerated in the year to March, with a measure
of underlying
inflation surging to near the Federal Reserve's 2 percent target as last year's weak readings dropped out
of the calculation.
Strong export, import and
inflation data from the U.K. in recent months have also reduced the likelihood
of further monetary policy easing from the Bank
of England (BOE) and should consequently alleviate some pressure on sterling, according to research sent to clients from Singaporean bank, DBS, on Wednesday.
Add on the jumps in market - based measures
of inflation expectations, the chances
of more Federal Reserve hikes, and other macro-economic
data points and the moves for the economy have been dramatic.
Fortune decided to take a look at the 10 highest - grossing science - fiction movies
of all time, using
data from Box Office Mojo and adjusting for
inflation.
Wall Street stock futures are lower this morning after a fresh set
of depressing
inflation data from China that have revived fears about it exporting deflation to the rest
of the world.
Food prices may have been the biggest distorting factor in the February
inflation data, gaining 6 percent year on year and most likely a sign
of increases ahead
of Lunar New Year festivities.
«They're very
data dependent and... potentially we could have more rate hikes in order to keep
inflation close to that two per cent mark,» James Marple, senior economist for TD Bank, said
of the Bank
of Canada.
The upward momentum
of underlying prices is an important piece
of data because it's certain to catch the attention
of the
inflation - targeting Bank
of Canada, analysts said Friday.
After a rough start to the year, economic
data have firmed lately, with strength in housing, spending and retail sales pushing some Fed officials to believe that their
inflation target
of 2 percent is within reach.
This
data shouldn't change the Fed's interest - rate strategy, as a rising labor force participation rate will put a lid on
inflation regardless
of how it's done, but it should lower our confidence that the Fed can solve the problem
of a bifurcated workforce, in which a large chunk
of workers are getting left behind, simply through interest rate policy.
Since almost all
of the
data suggest
inflation is coming, the Bank
of Canada is getting ready to act, even if the price
data themselves imply the economy still is limping.
The
inflation section contains a brief description
of the measures
of inflation the Bank
of Canada monitors, and provides links to
inflation data, the agreement on the
inflation - control target, and related research and publications.
In the next few weeks the Executive Committee will look at a range
of economic indicators — including
inflation, jobs, and confidence
data to be rereleased next week — before actually designing the new program.
Using 45 years
of NFIB and
inflation data makes it clear that serious
inflation for the economy is dependent on serious
inflation on Main Street — lots
of firms raising average selling prices.
The
Inflation Calculator uses monthly consumer price index
data from 1914 to the present to show changes in the cost
of a fixed «basket»
of consumer purchases.
In more recent applications, forward guidance has become more explicitly outcome - or
data - based, with some central banks identifying thresholds such as specific rates
of inflation or unemployment which, if crossed, would prompt a reconsideration
of their policy track.
Going forward, it emphasises that the Bank will continue to pay close attention to the incoming flow
of economic
data including
inflation.
For the GDP
data, the figures are up to the March quarter
of 2016 while those for
inflation and the unemployment rate are up to the June quarter, so the annual averages are computed by expressing 38 or 39 quarters at an annual rate.
The network reports, «Chinese
inflation data released on Monday, suggested that the economy is cooling faster than expected, while employment
data out
of the U.S. on Friday indicated that jobs growth was tepid for a fourth straight month in June.»
To cut a long story short, the next set
of producer and consumer price
inflation data that we received was more reassuring.
For instance, the New York Federal Reserve has an
inflation measure, the Underlying Inflation Gauge (UIG), that aims to capture sustained movements in underlying inflation from a broad set of price, real economic activity, and financ
inflation measure, the Underlying
Inflation Gauge (UIG), that aims to capture sustained movements in underlying inflation from a broad set of price, real economic activity, and financ
Inflation Gauge (UIG), that aims to capture sustained movements in underlying
inflation from a broad set of price, real economic activity, and financ
inflation from a broad set
of price, real economic activity, and financial
data.
U.S. stock index futures indicated a lower open on Friday as traders digested the release
of key
inflation data.