The Latest Breaking News from US Federal Reserve

Odds Of a Fed Rate Hike Climbed After Hotter-Than-Expected Core Inflation. Stocks Climbed Anyway.

Consumer sentiment also continued dropping sharply in September, falling 7.5% month-over-month as inflation fears take hold.

International Business Times · Sep 11

Dollar Gains Ground as CPI Report Produces Higher Odds for a Fed Rate Hike

The dollar index (DXY00 ) on Friday rose by +0.06%. The dollar found support as a hawkish US CPI report pushed odds of an FOMC rate hike next week up to 88% from 75% on Thursday. Also, the 10-year T-note yield on Friday rose by +0.6 bp, supporting the dollar’s...

Barchart · Sep 11

Wall Street thought the hiking cycle was over. Now Kevin Warsh has his ‘back against the wall’

Hotter inflation, above $100 oil and a 10-year Treasury yield flirting with 5% have put another round of rate hikes back on the table.

Fortune · Sep 11

Stocks Shake Off CPI Report and Rally on Lower Oil Prices

The S&P 500 Index ($SPX ) (SPY ) is up +0.87%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.97%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.77%. E-mini S&P futures (ESU26 ) are up +1.01%, and September E-mini Nasdaq futures (NQU26 )...

Barchart · Sep 11

US stocks today: Dow Jones soars 600 pts, Nasdaq 1% as oil prices fall amid high August inflation

US stocks rose sharply on Friday after August inflation data showed consumer prices increased 0.4%. The Dow gained 1.23%, S&P 500 1.05% and Nasdaq 1.08%. Falling oil prices also supported sentiment, while investors assessed the impact of sticky inflation on Federal Reserve rate expectations.

The Economic Times · Sep 11

Credit Card Debt Just Hit $1.26 Trillion: Here’s What Borrowers Should Watch Next

Credit card debt just climbed to $1.26 trillion, according to the latest Federal Reserve Bank of New York household debt report. That number sounds enormous because, well, it is, but the more useful question for anyone carrying a balance is what happens next.

The Free Financial Advisor · Sep 11

US inflation holds at 3.4% as monthly price rises hit fastest pace since May

US consumer prices rose 3.4% in the year to August, unchanged from July and exactly in line with expectations, but the monthly increase of 0.4% was the sharpest since May, a sign the energy shock is starting to bite four days before a Federal Reserve decision markets expect will deliver…

Euronews · Sep 11

US inflation picked up as gas prices marched higher due to conflict in the Middle East

US inflation held at 3.4% in August from a year earlier, while monthly consumer prices accelerated 0.4% as renewed Middle East fighting pushed up gasoline costs. Core inflation eased to 2.4% annually but rose 0.3% monthly, adding uncertainty over whether the Federal Reserve will raise interest rates next week.

The Economic Times · Sep 11

Core Inflation Rose More Than Expected In August. Odds Of a Fed Rate Hike Are All But Certain.

The chances of a rate hike are now above 90%, according to the CME Group's FedWatch tool.

International Business Times · Sep 11

US consumer inflation picks up in August, up 3.4% YoY

In August, consumer prices in the U.S. surged, mainly due to increasing gasoline prices. This trend elevates the likelihood of an interest rate hike by the Federal Reserve, with economists predicting a monthly rise in the consumer price index of 0.4%. When excluding food and energy, the core consumer price…

The Economic Times · Sep 11