• U.S. consumer prices accelerate in January; core CPI rises

    6 days ago - By Reuters

    WASHINGTON - U.S. consumer prices rose more than expected in January, with a measure of underlying inflation posting its biggest gain in a year, strengthening expectations the Federal Reserve will have to quicken the pace of interest rate increases this year.
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  • The 10-year hits its highest level since January 2014 after CPI tops estimates

    The 10-year hits its highest level since January 2014 after CPI tops estimates

    6 days ago - By Business Insider

    US Treasury yields are spiking after Wednesday's consumer price index report showed inflation rose quicker than expected in January.
    The report released by the Bureau of Labor Statistics showed consumer prices jumped 2.1% year-on-year in January. Core CPI, which strips out volatile food and energy costs, rose 1.8%. Wall Street economists were expecting respective prints of 1.9% and 1.7%.
    Post-data selling has Treasury yields up almost 5 basis points in the belly of the curve. Here's a look at the scoreboard as of 8:35 a.m. ET:
    2-year +3.9 bps 2.143% 3-year +4.6 bps 2.353% 5-year +5.3 bps...
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  • U.S. consumer prices accelerate; core CPI posts largest gain in a year

    6 days ago - By Reuters

    WASHINGTON - U.S. consumer prices rose more than expected in January, with a measure of underlying inflation posting its biggest gain in a year, strengthening expectations that price pressures will accelerate this year and prompt a faster pace of interest rate increases from the Federal Reserve.
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  • Here comes CPI inflation

    Here comes CPI inflation

    6 days ago - By Business Insider

    Investors are keenly awaiting the consumer price index for January, which the Bureau of Labor Statistics will release at 8:30 a.m. ET.
    That's because it could relieve or intensify concerns about inflation and higher interest rates that helped drive the stock market into its first correction in two years. On February 2, the January jobs report showed the fastest year-over-year growth in average hourly earnings since 2008.
    Economists polled by Bloomberg forecast CPI, which tracks price changes of a basket of consumer goods, increased by 0.3% month-on-month. Core CPI, which strips out the...
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