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Ahead of the latest monthly inflation reading, consumers are still coming to terms with the sticker shock of everyday goods and services prices — and lingering uncertainty about the economy. The pace of consumer price growth was expected to have remained largely unchanged in September, according to Dow Jones estimates. Harris has narrowed the gap in some surveys about which presidential candidate would be better on economic issues, but Trump still leads on that metric. Analysts generally agree that’s a sign the economy remains on solid footing, at least according to the data. Today’s inflation numbers could cause Wall Street to pare back expectations of an interest-rate cut at the Federal Reserve’s next meeting in November.

Persons: Dow Jones, Donald Trump, Kamala Harris, Biden, Trump, Harris, —, ”, Bill Dunkelberg Organizations: Democratic, University of Michigan Consumer Survey, Biden, AAA, Federal, National Federation of Independent Locations: November’s, pare

☆ Treasury yields slide once again as traders weigh this week's U.S. inflation data
▼ + stars: | 2024-06-14 | by ( Katrina Bishop | ) www.cnbc.com time to read: +2 min

Yields and prices move in opposite directions and one basis point is equivalent to 0.01%. The 10-year Treasury yield was trading around 4.211% at 6:29 a.m. The 2-year Treasury note yield was down 1 basis point at 4.679%. U.S. Treasury yields fell again on Friday as data released this week pointed to easing inflation. Correction: A previous version misstated the magnitude of a decline in the 10-year Treasury note yield.

Persons: Henry Allen, — Jeff Cox Organizations: U.S, Treasury, Rabobank, Deutsche Bank, U.S . Federal, US, University of Michigan

☆ Morning Bid: Amazon and goldilocks ride to the rescue
▼ + stars: | 2023-10-27 | by ( ) www.reuters.com time to read: +6 min

Unlike the reaction to similarly decent results from some of its Big Tech peers this week, shares in the online retail giant Amazon climbed 5% after hours. And both Nasdaq and S&P500 futures were set to bounce into the weekend later after the cash markets closed at their lowest since May. With nominal U.S. growth running at close to 8%, depending on which inflation gauge you use, the heat is impressive. And even the racy headline GDP growth rate was below many assumptions of a 5%-plus print. That bond relief has perhaps flattered the overnight stocks bounce - although on aggregate the earnings season is pretty decent too.

Persons: Brendan McDermid, Mike Dolan, megacaps, Wang Yi, crumb, Sanofi, TRowe Price, Stanley Black, Decker, CBRE, Christine Lagarde, Jane Merriman Organizations: Chevron Corp, Hess Corp, New York Stock Exchange, REUTERS, Amazon, Big Tech, Nasdaq, Treasury, Federal Reserve, Fed, Big, Exxon Mobil, Chevron, Apple, of Japan, European Central Bank, Britain's NatWest, Financial, Authority, University of Michigan, Colgate, Palmolive, Xcel Energy, Charter Communications, Phillips, Central Bank, European Union Summit, Reuters Graphics Reuters, Reuters, Thomson Locations: New York City, U.S, United States, China, Syria, Europe, Dallas, Abbvie, LyondellBasell, Brussels

☆ Even as job creation surges, Americans still think the economy stinks. Here's why
▼ + stars: | 2023-10-07 | by ( Jeff Cox | ) www.cnbc.com time to read: +5 min

"You see all these high-level headline numbers, and those numbers don't jibe with your economic reality," said Elizabeth Crofoot, senior economist at labor analytics firm Lightcast. Higher prices have been one problem. Are the jobs numbers really that good? Beyond the housing costs, there's some evidence that the jobs numbers may not be all they're cracked up to be, either. After all, more than a quarter of the job creation for September came from lower-wage occupations in the leisure and hospitality industry.

Persons: Frederic J, Brown, Elizabeth Crofoot, nonfarm, Joe Biden's, Crofoot, millennials, Jessica Lautz Organizations: Shell, Afp, Getty, Labor Department, Reuters, Consumer, University of Michigan, Consumers, National Association of Realtors, NAR, Federal Reserve Locations: Alhambra , California, U.S

☆ Restaurants expect strong sales this summer. Consumers aren't so sure
▼ + stars: | 2023-05-29 | by ( Amelia Lucas | ) www.cnbc.com time to read: +3 min

Warmer weather usually boosts restaurant sales, but diners may hold back for the second straight summer as inflation weighs on consumers' minds — and wallets. In addition to higher restaurant bills, diners were also paying more at the gas pump and in grocery stores. Restaurant sales snapped back in August, which Black Box Intelligence attributed to higher consumer confidence levels as gas prices fell. Nearly half of operators surveyed by Datassential anticipate higher sales or improved traffic this summer season. Summer typically ushers in a wave of seasonal restaurant jobs to meet higher demand, particularly in the Northeast and tourist destinations.

☆ Tom Lee says there's a chance the Fed pauses hiking for all of 2023, sparking a massive stock rally
▼ + stars: | 2022-12-22 | by ( John Melloy | ) www.cnbc.com time to read: +3 min

Fundstrat sees that coming in at 4.4%, also below current Wall Street expectations. "Fed framework likely changes to 'predictable Fed' as inflation is now operating near their long-term goal of 2%," wrote Lee in the note this week. "This would be a massive dovish pivot, in our view, and could mean Fed pauses entirely in 2023 (maybe)." Lee's call is well outside expectations on Wall Street. Volatility easing to spark big rally The next piece of the Lee's theory is that as the Fed changes its policy, stock market volatility will collapse.

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