Price growth has soared to the highest level since the early 1980s due to the collision of a post-pandemic demand boom and a gummed up global supply chain, and has stoked fears that the Fed's aggressive attempts to rein it in could lead the economy into recession.
Energy prices posted an 11% monthly jump in March, with gasoline surging by a jaw-dropping 18.3%. Average prices at the pump hit a record high in March, according to motorist group AAA. People are seen on Wall St. outside the New York Stock Exchange in New York City, U.S., March 19, 2021. REUTERS/Brendan McDermid
Recent survey data, particularly from the Institute for Supply Management's purchasing managers' indexes reveal that two main drivers of inflation -- supply scarcity and the ongoing worker drought -- remained significant headwinds in April.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US inflation expectations slump to 10-week low ahead of CPI releaseUS inflation expectations, as per the 10-year breakeven inflation rate per the St. Louis Federal Reserve (FRED) data, continue to disregard the reflat
Source: FXStreetNews - 🏆 14. / 72 Read more »
US CPI Preview: Forecasts from 12 major banks, the first decelerating print in a long timeThe US Bureau of Labor Statistics will release the April Consumer Price Index (CPI) data on Wednesday, May 11 at 12:30 GMT and as we get closer to the
Source: FXStreetNews - 🏆 14. / 72 Read more »
GBP/USD reclaims 1.2350 and snaps three days of losses, ahead of US Retail/Sales, CPIGBP/USD reclaims 1.2350 and snaps three days of losses, ahead of US Retail/Sales, CPI By christianborjon GBPUSD Majors Macroeconomics Technical Analysis
Source: FXStreetNews - 🏆 14. / 72 Read more »
EUR/USD Forecast: Euro Looks To Re-Test April Swing Lows, U.S. CPI in FocusLast week’s NFP beat laid the foundation for Monday’s open lower for EUR/USD as markets look forward to U.S. inflation data as the next possible upside risk event for the dollar. Get your market update from WVenketas here:
Source: DailyFX - 🏆 305. / 63 Read more »
US Dollar Index to see further gains barring a much weaker than expected US CPI data – INGThe US Dollar Index (DXY) is now trading at the highest levels since 2002. This week, the US April CPI data is released on Wednesday. Barring a much w
Source: FXStreetNews - 🏆 14. / 72 Read more »
US inflation expectations slump to 10-week low ahead of CPI releaseUS inflation expectations, as per the 10-year breakeven inflation rate per the St. Louis Federal Reserve (FRED) data, continue to disregard the reflat
Source: FXStreetNews - 🏆 14. / 72 Read more »