Tag: inflation
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A rising CPI may signal an earlier Fed pause.
The October Consumer Price Index (CPI) Report showed hints of easing U.S. inflation. Food and energy costs climbed 0.4% and 0.3%, respectively. The year-over-year inflation rate fell to 7.7%. This is just one month of pricing statistics, but it suggests U.S. inflation may be reducing as prices decline monthly in absolute terms. Still, inflation isn’t…
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When Will the 2023 Social Security COLA Increase Show Up In Your Checks?
The cost-of-living rise for Social Security is 8.7%, which is the highest in four decades. The greatest yearly rise since 1981, the Social Security Administration said on Thursday that payouts would increase 8.7% in 2023. The difference in inflation between the third quarter of the previous year and the current year, in this case July-September…
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US September CPI strengthens hawkish argument in Fed inflation war
Consumer prices in the United States rose more than anticipated in September, and underlying inflation pressures were increasing, which raised hopes that the Federal Reserve will raise interest rates by another 75 basis points next month. The Labor Department said on Thursday that the consumer price index increased by 0.4% in September after increasing by…
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UK’s pound sterling plunges to a record low
The markets are predicting that UK interest rates could touch 6% in the summer of next year. The new budget changes have rocked the markets. The largest banks in the UK are have some major crisis to deal with as inflation is surging to 17%. This new scenario is due to an annual exercise to…
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Another hike in interest rate by the Federal Reserve (FED)
Is the financial system flawed? Was the gold standard better? Inflation or Interest rates, What’s worse? The Federal Reserve hiked the interest rate and signaled there are more rates to come in the coming months. The interest rate was hiked by 0.75 percent like the hikes seen in June-July. The inflation rate calculated in August…