June CPI rose 3.5% year-over-year, below consensus The US Consumer Price Index increased 3.5% year-over-year in June. This rise was less than the expected 3.8% consensus and a slowdown from the 4.2% pace in May. The June data was considered surprisingly beni
US inflation slowed more than expected in June, reducing odds of a July Fed hike to 12% and weighing on the dollar. The US Dollar Index (DXY) dropped nearly 0.4% to 100.92 after June’s consumer price index fell 0.4% month-over-month, missing forecasts for a flat reading. A
Investors overwhelmingly expect the Federal Reserve to keep interest rates unchanged ahead of the U.S. midterm elections, reflecting growing confidence that policymakers will remain on hold in the coming months, according to BofA Global Research. The latest BofA Global Fun
Kevin Warsh has become chair of the Federal Reserve's Board of Governors during a time when the agency is grappling with how to rein in inflation without tipping the economy into a recession. Now, Warsh is getting some help The Consumer Price Index (CPI), which trac
While testifying on the Semiannual Monetary Policy Report before the US House Financial Services Committee, Federal Reserve (Fed) Chairman Kevin Warsh reiterated that the Fed is making a commitment on price stability and the goal of 2% inflation. Key takeaways "Inflation i
Bank revises GDP projections higher for both economies while maintaining steady rate outlooks amid productivity gains and moderating inflation. RBC raised its Q2 Canadian GDP tracking estimate to 2.2% annualized from 1.7%, citing resilient household spending, recovering bu
[The stream is slated to start at 10 a.m. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chairman Kevin Warsh speaks Tuesday to the House Financial Services Committee as part of the congressionally mandated semiannual monetary polic
June CPI fell 0.4%, below forecasts, reducing pressure on the Federal Reserve to raise rates at its July meeting. US consumer prices declined 0.4% in June, marking the first monthly drop since 2020 and undershooting economist forecasts of a 0.1% decline. The softer-than-ex
Kevin Warsh signals sustained high interest rates to combat inflation, clashing with President Trump’s preference for lower borrowing costs. Federal Reserve Chair Kevin Warsh will tell Congress the central bank has 'no tolerance for persistently elevated inflation,' reinfo
Markets price a 50% chance of a July Fed rate hike as inflation data and testimony weigh on expectations. Today’s US CPI release and Fed Chair testimony will shape interest rate expectations for the summer, with markets assigning roughly even odds to a July hike. Core infl
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