#cpi (2 Posts)
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Inflation Cooling: U.S. Consumer Prices Show Signs of Relief The major indices of the US stock market are showing strength on May 15 (local time) amid a slowdown in the rise of the US Consumer Price Index (CPI). The US Department of Labor announced on the same day that the April CPI increased by 3.4% compared to last year. Last month’s CPI matched the […]
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Fed Chair Powell: No Plans for Interest Rate Cut Amid Strong Economy Jerome Powell, Chair of the U.S. Federal Reserve (Fed), has scuttled the market’s hopes for a cut in the benchmark interest rate. According to the Wall Street Journal (WSJ) on the 16th (local time), Powell said at an economic forum in Washington, D.C., “Recent indicators have not given us more confidence. Rather, it suggests that […]
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