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CPI in the United States fell for a third straight month to 3.0% in June from 3.3% in May of 2024. Core consumer prices in the US increased by 3.3% in June of 2024 over the same month in the previous year, down from 3.4% in May.
Compared to the previous month, the CPI unexpectedly declined 0.1%, following a flat reading in May and compared to expectations of a 0.1% rise. Core CPI monthly rate edged down to 0.1% from 0.2%, below expectations of 0....
Compared to the previous month, the CPI unexpectedly declined 0.1%, following a flat reading in May and compared to expectations of a 0.1% rise. Core CPI monthly rate edged down to 0.1% from 0.2%, below expectations of 0....
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![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined"){kind=small}
Columns What to Expect in the Week Ahead (GS, JNJ, TSM, and NFLX Earnings; Retail Sales and Housing Starts)
Earnings in the week ahead could be the next catalyst for a broadening market
$Johnson & Johnson (JNJ.US)$ is expected to announce its fiscal Q2 earnings before the markets open on Wednesday, July 17.
Ahead of the event, analysts expect Johnson & Johnson to report a profit of $2.73 per share, down 2.5% from $2.80 per share reported in the year-ago quarter. The company has consistently surpassed Wall...
$Johnson & Johnson (JNJ.US)$ is expected to announce its fiscal Q2 earnings before the markets open on Wednesday, July 17.
Ahead of the event, analysts expect Johnson & Johnson to report a profit of $2.73 per share, down 2.5% from $2.80 per share reported in the year-ago quarter. The company has consistently surpassed Wall...
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The S&P 500, Nasdaq ended the week at all-time highs, with traders looking past signals of Friday’s jobs report to focus on prospects for Federal Reserve rate cuts.
The $Nasdaq Composite Index (.IXIC.US)$ gained 0.90% to cloase at 18,352.76, and the $S&P 500 Index (.SPX.US)$ rose 0.5%. The $Dow Jones Industrial Average (.DJI.US)$ was up 0.17%, or 67.87 points, ending at 39,375.87.
MACRO
Friday’...
The $Nasdaq Composite Index (.IXIC.US)$ gained 0.90% to cloase at 18,352.76, and the $S&P 500 Index (.SPX.US)$ rose 0.5%. The $Dow Jones Industrial Average (.DJI.US)$ was up 0.17%, or 67.87 points, ending at 39,375.87.
MACRO
Friday’...
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Columns What to Expect in the Week Ahead (JPM, DAL, C, and PEP Earnings; CPI and Fed Chair Powell Testimony)
In the upcoming week, Federal Reserve Chair Jerome Powell will deliver his semiannual monetary policy report to the Senate Banking Committee and the House Financial Services Committee. The key macroeconomic event will be the release of the CPI inflation data on Thursday. Additionally, the US earnings season begins, with major banks reporting their results, drawing attention amid a period of low ma...
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season
President Joe Biden, 81, has stated he remains committed to his re-election campaign despite slipping polling numbers and concerns about his recent public performances.
Reports suggest Biden acknowledged the importance of his upcoming appearances, though the White House denies this claim. His stumbling debate performance and questions about his mental acuity have caused panic within the Democratic Party, leading to speculation about a...
Reports suggest Biden acknowledged the importance of his upcoming appearances, though the White House denies this claim. His stumbling debate performance and questions about his mental acuity have caused panic within the Democratic Party, leading to speculation about a...
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US June's nonfarm payrolls report will be released at 8:30 a.m. ET this Friday. The median forecast of analysts for the June nonfarm employment is 189K, down from 272K in May. The unemployment rate is expected to remain at 4.0%.
In June, the Services PMI registered 48.8 percent, a 5-percentage point decrease compared to the May reading of 53.8 percent. The report noted that "It indicates the o...
In June, the Services PMI registered 48.8 percent, a 5-percentage point decrease compared to the May reading of 53.8 percent. The report noted that "It indicates the o...
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Alqamari Walhilal : Nice !
74469759 : I’d like to know where they’re shopping. The cost of food to us poor folks seems to be up higher than 2.2%.
I Am 102927471 : Thank you very information knowledge![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
. Thank you Moomoo!!!
MelloJoe : So basic necessities went up and used car prices went down… how is that good news? Lol
Michael Fong : "CPI decreased to 3.0% in July" correct or not?
Is'nt the CPI now released is for June, 2024?
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