Inflation is stickier than expected, and lower than expected payrolls led to lower yields.
5 reports, 5 independent
Updated Sep 14
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New informationRepeats or wire copies
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What happened
Inflation is stickier than expected, and lower than expected payrolls led to lower yields.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Wholesale inflation has sharply risen, fueling cost concerns and suggesting that persistent inflation may prevent central bank rate cuts.Sub-event
Specific economic data suggests inflation is proving stickier than expected, impacting yields.1 source
Keep exploring
Part of
Consumer spending resilience is influencing the Federal Reserve's policy decisions.Also in this story
- Michael Wilson noted resilient fundamentals despite ongoing policy uncertainty.
- Lower interest rates stimulate consumer spending, impacting companies like Ross Dress for Less.
- A CEO commented on the continued resilience of consumer spending.
The entities involved
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FED
business
Related events
- Falling oil prices are lowering inflation expectations, while the strength of the US economy is driving the dollar index higher, influencing Fed policy outlook.
- FED's preferred measure for tracking inflation has been identified.
- Market expectations are shifting regarding monetary policy, with the easing of US rate hike expectations weighing on global markets and supporting rate stability if inflation eases.
- Strong job gains and inflation concerns are driving market sell-offs due to increased odds of Fed rate hikes.
- The Federal Reserve is monitoring inflation rates specifically within Arizona.
Coverage
Newest first; wire copies grouped- theglobeandmail.com
- mpamag.com
- sdpb.org
- yahoo.com
- movementSticky Inflation May Keep Rates Higher for Longer | Market Update May 3, 2024 | Movement Mortgage Blog