Bitcoin price falls after US CPI data, but support at $36,000 could launch gains above $38,000 and $40,000, making it bullish.
Consumer price index News & Breaking Stories
Social Security beneficiaries will receive a 3.2% increase in benefits next year, but won't know the exact amount until December.
Social Security recipients may receive a significantly lower cost-of-living adjustment for 2024, with estimates around 3.2%. This increase may not be enough to sustain the cost of living for most beneficiaries. Medicare Part B premiums are also expected to increase. The official adjustment will be announced on Thursday.
2023 saw the highest Social Security increase since 1981, but 2024's adjustment is expected to be lower due to inflation control measures. Stay updated for accurate benefit amounts.
Inflation is expected to be lower in the coming months, but elevated gasoline prices and labor movements could put upward pressure on prices.
Instacart's stock opened at $42 a share, 40% higher than anticipated, with a market valuation of roughly $13.9 billion.
Wall Street indexes gain as data suggests the Federal Reserve may keep interest rates unchanged in September.
Cars and junk food drive the S&P 500 index up as Raytheon faces unexpected costs. Tesla and Hostess see significant gains.
Global shares and the dollar rise after US consumer price inflation moderates, boosting hopes of the Fed's rate-hiking cycle nearing its end.
Financial markets rally as US Consumer Price Index (CPI) matches estimates, increasing expectations of a Fed rate pause.
SoFi Technologies may benefit from easing inflation and is gaining favor among investors. It aims to disrupt traditional banking and appeals to a younger demographic. Despite some analysts' pessimism, the unique fintech firm has potential for a longer-term rally.
SoFi Technologies, a fintech firm aiming to disrupt traditional banking, may see a longer-term rally as inflation eases.
Indian shares hit record highs as US inflation moderation boosts sentiment.
U.S. stocks rise as inflation eases, tech sector leads gains.
June CPI rises by 0.2% and 3.0% over the last year, with shelter accounting for 70% of the increase; food prices also increase.
Inflation drops to lowest level in over two years, benefiting economy and stock market.
Bitcoin shows signs of optimism despite SEC lawsuits and stagnant price.
What news can we find under Consumer price index News Section?
Demystifying the Consumer Price Index
Hello there! Ever wondered how we determine whether the cost of living has increased or decreased? My friend, meet the Consumer Price Index (CPI), a crucial tool for understanding our economy. But what does it mean, and more importantly – how does it affect us?
The CPI measures changes in consumption costs by considering an array of products and services that you and I use daily - think Uncle Bob's beloved coffee, Aunt June's pharmacy prescriptions, or even your monthly Netflix subscription. It tracks their prices over time to give a ‘snapshot’ into inflation or deflation trends.
What News Content Can We Find Under The Topic Consumer Price Index?
We could liken news under this topic to a spicy stew simmering on high heat; each ingredient (or item) revealing its effect on price as the dish comes together. For instance, news articles might report rapid increases in fuel prices based on tensions in the Middle East. Can you feel your grocery bills breathe as fuel-driven transportation becomes costlier?
Rising rents making your wallet whimper every month-end? That’s another hot ingredient analysis might focus on if dwelling costs spike upward.