The Latest Breaking News from Inflation

Stocks Finish Lower as Strong CPI and Weak Bond Auction Boosts Yields

What you need to know… The S&P 500 Index ($SPX ) (SPY ) on Thursday closed down -0.62%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.51%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.37%. Stocks on Thursday posted moderate losses as T-note...

Barchart · Oct 12, 2023

The inflation report just wasn’t very dramatic. Cue a range of wildly varying takes on Wall Street

BofA and Citi warn the latest inflation report is a worrying sign for the Fed, but BlackRock’s Rick Rieder and veteran strategist Ed Yardeni are more optimistic.

Fortune · Oct 12, 2023

Dollar Moves Higher as Strong U.S. CPI Boosts Bond Yields

The dollar index (DXY00 ) on Thursday rose by +0.70%. The dollar on Thursday recovered from a 2-1/2 week low and posted moderate gains after stronger-than-expected U.S. economic reports bolstered the outlook for the Fed to raise interest rates one more time this year. Also, dovish ECB comments on Thursday...

Barchart · Oct 12, 2023

US retirees will get 3.2% social-security boost next year, smallest gain since 2021

WASHINGTON: Monthly checks for the more than 71 million people receiving retirement or disability benefits in the US will get a 3.2% increase next year, the smallest gain since 2021, reflecting a significant cooling in the rate of inflation.

The Times of India · Oct 12, 2023

Rishi Sunak’s pledge to halve inflation is now under real threat

If oil and gas deliveries reduce, prices will soar. In anticipation of what may unfold, they have been climbing already

Evening Standard · Oct 12, 2023

Retirees’ Social Security cost-of-living adjustment will officially be less than half of last year's, even though many seniors still haven’t recovered from inflation

Retirees and other beneficiaries will receive a 3.2% cost-of-living adjustment for their 2024 Social Security payments.

Fortune · Oct 12, 2023

Social Security benefits will go up by 3.2% in 2024 as inflation moderates

Thursday’s announcement follows this year’s 8.7% benefit increase, brought on by record 40-year-high inflation. With inflation easing, the next yearly increase is markedly smaller.

Chicago Sun-Times · Oct 12, 2023

US price growth holds steady as Fed mulls next move in inflation battle

Official data shows consumer price index up to 3.7% as central bank keeps watchful eye on latest inflation figures

The Guardian - US · Oct 12, 2023

Social Security recipients will get a smaller increase in benefits as inflation cools

Social Security beneficiaries will receive a 3.2% cost of living adjustment next year. Inflation has been moderating recently, with consumer prices in September up 3.7% from a year ago.

WEKU · Oct 12, 2023

Stocks Climb Before the Open as Bond Yields Fall, U.S. Inflation Data Looms

December S&P 500 futures (ESZ23) are up +0.43%, and December Nasdaq 100 E-Mini futures (NQZ23) are up +0.46% this morning as U.S. Treasury yields continued to fall, while market participants braced for a key U.S. consumer inflation report.

Barchart · Oct 12, 2023