CPI, June and Inflation
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While pundits looked with their magnifying glasses for tariffs in consumer goods prices, it was in services, which are not tariffed, where inflation took off again.
Consumer Price Index (CPI) report will be released on the morning of Tuesday, July 15. Yahoo Finance Senior Reporter Allie Canal breaks down what Wall Street is watching for in the key data release. To watch more expert insights and analysis on the latest market action,
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Inflation in June showed scattered signs of rising costs tied to the Trump tariffs, but Americans simply aren’t paying sharply higher prices because of U.S. trade wars. Here are four things we learned from the latest consumer-price index report.
Both the S&P 500 (.SPX) and Nasdaq (.IXIC) - and by extension, MSCI's world equities index (.MIWD00000PUS) - retreated from record peaks after traders shaved back bets of U.S. rate cuts this year as prices rose for things such as coffee and couches, while staying steady for tariff-exempted (for now) items such as cars.
South Africa’s central bank Governor Lesetja Kganyago signaled confidence that inflation would remain within its target for the next two years, despite uncertainties stemming from US tariffs.
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Tech led US stocks on Tuesday as a key consumer inflation print showed inflation accelerated in June, big banks kicked off earnings season, and Nvidia was set to receive a green light for trade with China from the Trump administration.
S&P 500 properly reacted to CPI coming in below expectations, for less than an hour and without immediate vigor across the board. Tech being the sta
Bitcoin price wavers after today’s CPI print shows sticky inflation rising. Will a reclaim of $120,000 happen before the weekend?