Latest News for: Economist index

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Why higher-spending households are under the most price pressure

RNZ 26 Jul 2024
Higher-spending households are still feeling the biggest cost-of-living squeeze, but that may change next year, one economist says ... She said interest rates were likely to keep the household cost price indexes higher than the CPI for now.
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PCE Inflation: Wall Street & Economists Estimate Fed Rate Cuts Timeline

CoinGape 26 Jul 2024
Bureau of Economic Analysis to release the personal consumption expenditure (PCE) price index today and economists see PCE inflation slowing for a second consecutive month to 2.5% from 2.6%, making the FOMC to discuss interest rate cuts.
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US consumer sentiment drops to eight-month low amid inflation and election concerns

Invezz 26 Jul 2024
Consumer sentiment index falls to 66.4 ... Economists had expected the index to come in at 66, but the actual reading fell slightly short of those predictions.
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‘The worst will soon be past’: ANZ survey shows consumer confidence bounce

NewstalkZB 26 Jul 2024
The lift was driven by improving expectations rather than the here and now,” ANZ chief economist Sharon Zollner said ... The future conditions index, made up of forward-looking questions, rose 9 points ...
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US economy regains speed in second quarter; price pressures easing

Khaleejtimes 25 Jul 2024
Economists polled by Reuters had forecast GDP rising at a 2.0% rate ... While the rise in the so-called core PCE price index was slightly above economists' expectations for a 2.7% rate of increase, the trend is slowing ... economist at BMO Capital Markets.
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Vanguard offers surprising view on Fed interest rates

Aiken Standard 25 Jul 2024
Economists at Vanguard see things a bit differently ... The economists anticipate the PCE price index, excluding food and energy, to hit 2.9% year-on-year in December, up from 2.6% in May ... That’s based on the MSCI US Broad Market Index.
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Stock market today: US stocks trade mixed as tech losses deepen and investors await PCE

Business Insider 25 Jul 2024
GDP grew 2.8% in the second quarter, according to advanced estimates from the Commerce Department, well-above the 2.1% growth economists had expected ... Here's where US indexes stood at the 4.00 p.m.
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US business activity edges higher; pricing power diminishing

Colorado Springs Gazette 24 Jul 2024
Composite PMI Output Index, which tracks the manufacturing and services sectors, edged up to 55.0 this month ... Economists polled by Reuters had forecast the index for the sector, which accounts for 10.3% of the economy, little changed at 51.7.
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Reason to cheer, Keir? Boost for the economy as manufacturing activity reaches two-year high

The Daily Mail 24 Jul 2024
July's S&P global flash composite purchasing managers' index rose to 52.7 from June's six-month low of 52.3, coming in a tad higher than forecast ... Ashley Webb, an economist at Capital Economics, said.
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Not all bad then, Chancellor? Closely-watched PMI figures show economy surging as Rachel Reeves...

The Daily Mail 24 Jul 2024
The tax burden is already running near a post-war high ... Any score above 50 on the index represents expansion. It came in slightly above the expectations of economists who had pencilled in a reading of 52.5 for the latest survey ... .
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Rental prices drop for the first time in two years, data reveals

NewstalkZB 24 Jul 2024
... decreased for the first time since 2022, according to Trade Me’s Rental Price Index for June 2024.
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USD/RUB: Ruble sits and waits for Russia’s rate hike

Invezz 23 Jul 2024
The headline Consumer Price Index (CPI) rose to 8.6% in June from 8.3% in the previous month ... Economists expect the bank will increase interest rates from 16%, where they have remained since December to 18%.
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USD/CAD forecast ahead of the BoC decision, US PCE data

Invezz 23 Jul 2024
The most recent data showed that the headline Consumer Price Index (CPI) dropped to 2.7% in June from 2.7% in May ... Economists expect the data to show that the economy expanded by 1.9% in the second quarter after growing by 1.4% in Q1.
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Stock market today: US stocks rise as traders try to come back after worst week ...

Business Insider 22 Jul 2024
Second-quarter GDP data will be released Thursday morning, with economists expecting growth of 1.9% ... Economists expect the June Core PCE index to rise 2.5% year over year, which is not far off from the Fed's long-term inflation target of 2%.
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Stock market today: Tech drives market rebound as investors brace for earnings and fresh data

Business Insider 22 Jul 2024
Second-quarter GDP data will be released Thursday morning, with economists expecting growth of 1.9% ... Economists expect the June Core PCE index to rise 2.5% year over year, which is not far off from the Fed's long-term inflation target of 2%.
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