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Top related persons:
Phillip Neuhart - 3 Michael M - 1 Liz Ann Sonders - 1 Charles Schwab - 1 you've - 1 There's - 1 Today's - 1 Joseph LaVorgna - 1
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New York City WASHINGTON New York U.S Charlotte , North Carolina
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Labor - 2 Fed - 2 First - 2 Treasury - 2 Federal Reserve - 2 New York Stock Exchange - 1 Santiago - 1 Getty - 1

Search resuls for: "Phillip Neuhart"


3 mentions found


☆ Hot inflation data pushes market’s rate cut expectations to September
  + stars: | 2024-04-10 | by ( Jeff Cox | ) www.cnbc.com   time to read: +5 min
Three months of inflation data have brought those expectations back down to earth. "Not that you've put a pin in inflation getting to the Fed's target, but it's not happening imminently." The 2-year Treasury note , which is especially sensitive to Fed rate moves, jumped to 4.93%, an increase of nearly 0.2 percentage point. The pricing in of seven rate cuts earlier this year was completely at odds with indications from Fed officials. However, when policymakers in December raised their "dot plot" indicator to three rate cuts from two projected in September, it set off a Wall Street frenzy.
Persons: Michael M, Liz Ann Sonders, Charles Schwab, you've, There's, Today's, Phillip Neuhart, Joseph LaVorgna, Schwab's Sonders, Sonders Organizations: New York Stock Exchange, Santiago, Getty, Federal, Labor, CPI, Fed, Traders, First, Bank Wealth, Dow Jones, Treasury, Nikko Securities, Atlanta Fed Locations: New York City
☆ Inflation Proves It Is Not Dead Yet as December Rate Hits 3.4% Annually
  + stars: | 2024-01-11 | by ( Tim Smart | Jan. | At A.M. | ) www.usnews.com   time to read: +3 min
On an annual basis, inflation ticked up to 3.4% from 3.1% previously. The core CPI, stripping out energy and food costs, was unchanged but dipped down to 3.9% annually from 4% in November. Government measures of housing costs tend to lag market rates, which have been trending down for apartment rental rates lately. The central bank decided at its meeting last month to leave interest rates unchanged while also penciling in at least three cuts in 2024. The Fed did warn that, should the economy perform stronger than expected, it retains the option to increase interest rates, though the probability of that is seen as low.
Persons: “, ”, Phillip Neuhart Organizations: Federal Reserve, Labor, Fed, Markets, First, Bank Wealth Management, Dow Jones Industrial
☆ Gasoline fuels US consumer inflation; underlying trend still improving
  + stars: | 2023-09-13 | by ( Lucia Mutikani | ) www.reuters.com   time to read: +5 min
The consumer price index increased by 0.6% last month, the largest gain since June 2022. Gasoline prices, which jumped 10.6% after rising 0.2% in July, accounted for more than half of the increase in the CPI last month. While that marked the second straight month of a pick-up in annual inflation, year-on-year consumer prices have come down from a peak of 9.1% in June 2022. The so-called core CPI had increased 0.2% for two consecutive months. In the 12 months through August, the core CPI increased 4.3%.
Persons: bode, Phillip Neuhart, Chris Zaccarelli, Lucia Mutikani, Chizu Nomiyama, Andrea Ricci Organizations: Federal Reserve, Labor Department, First Citizens Bank, U.S . Energy Information Administration, Treasury, Independent, Reuters, Reuters Graphics Financial, Labor Department's Bureau of Labor Statistics, United Auto Workers, General Motors, Ford Motor, Thomson Locations: WASHINGTON, New York, U.S, Charlotte , North Carolina
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