US Core CPI m/m

The Bank of Canada, as expected in the Econoday consensus forecast, again cut its target interest rate by 25 basis points from 3.0 percent to 2.75 percent, as the central bank shifts its attention to protecting against the drag on economic activity from punitive tariffs imposed by the United States. "[H]eightened trade tensions and tariffs imposed by the United States will likely slow the pace of economic activity and increase inflationary pressures in Canada,” the BoC statement said. “The economic outlook continues to be subject to ...

Taming U.S. inflation has proven to be more challenging than expected. While policymakers initially made good progress, getting back to the 2% target remains elusive. Even before tariffs became a real threat, many analysts wondered if the Fed would reach its goal without maintaining a moderately restrictive policy stance for some time. Here are four things to know to help assess where inflation is headed. 1) The current underlying trend is meaningfully above the 2% target. An examination of six ‘core’ measures of inflation (Table 1) ...

We've had a surprisingly cool set of February US consumer price inflation prints of 0.2% month-on-month for both headline and core versus consensus predictions of 0.3%. This pulls the annual rate of headline inflation down to 2.8% from 3% while core inflation dips to 3.1% from 3.3%. To three decimal places the MoM change in core inflation was 0.227%, which remains above the 0.17% (black line in the chart below) trend that we need to average to bring inflation down to the Fed's 2% year-on-year target, but this is encouraging news for ...

February’s CPI report is expected to show stubborn inflation, with food prices—especially eggs—still soaring. Here’s what to expect and why it matters. The US Bureau of Labor Statistics is set to release February’s Consumer Price Index (CPI) report, and it’s not looking like inflation is ready to call it quits just yet. According to forecasts, headline inflation is expected to clock in at 0.4% for the month, with core inflation (excluding food and energy) likely rising 0.3%. That would put the year-over-year inflation rate at a ...

February's Consumer Price Index (CPI) will serve as the latest test of whether an inflation resurgence is a risk to the US economy as investors debate if and when the Federal Reserve will cut interest rates in 2025. The report, set for release at 8:30 a.m. ET on Wednesday, is expected to show price increases moderated during the second month of the year. Headline annual inflation is forecast to come in at 2.9% in February, just below January's 3% annual gain. On a month-over-month basis, prices are estimated to rise 0.3%, below the ...

With concerns running high that President Donald Trump’s tariff policies will aggravate inflation, a report Wednesday could deliver some mildly encouraging news. The consumer price index for February is forecast to show an increase of 0.3% for a broad array of goods and services across the largest economy in the world. That projection holds both for the all-items measure and the core index that excludes volatile food and energy prices. On an annual basis, that would put headline inflation at 2.9% and the core reading at 3.2%, both ...

After months of optimism over the prospect of a US economic "soft landing," more Wall Street watchers are now warning of another possible outcome: stagflation. A bleak economic scenario in which growth stalls, inflation persists, and unemployment rises, stagflation has become the latest buzzword in financial markets as investors attempt to understand the administration's shifting trade narrative and other policy uncertainties, including recent efforts from Elon Musk's Department of Government Efficiency (DOGE). "Stagflation worries ...