[Tree] Top 10 cities driving finance and industry, US economy, economic growth, GDP, consumer spending, labor market, business spending, government spending, COVID-19 impact, Economic growth in Mesa and Phoenix, Economic growth in Fort Worth

Version 2.67 (2024-07-04 15:57:56.747000)

updates: Fort Worth ranked as No. 2 economic boomtown in America

Version 2.66 (2024-07-02 19:00:00.823000)

updates: Economic growth in Mesa and Phoenix

Version 2.65 (2024-07-01 18:58:02.848000)

updates: Integrates information about the top 10 cities driving finance and industry primed for an economic boom in 2024

Version 2.64 (2024-06-26 23:53:56.309000)

updates: The United States is projected to become the world's largest economy by the end of 2024

Version 2.63 (2024-06-25 21:53:24.927000)

updates: US economy outperforms peers in post-COVID growth

Version 2.62 (2024-06-25 19:54:56.018000)

updates: Updates on US economy, government debt, competition, and climate goals

Version 2.61 (2024-06-24 21:54:57.869000)

updates: Updates on global economic outlook and growth forecasts

Version 2.6 (2024-06-22 18:58:48.931000)

updates: Updates on global economy and US economy in Q2 2024

Version 2.59 (2024-06-20 14:53:13.003000)

updates: Information about the housing market and mortgage market in the US

Version 2.58 (2024-06-19 12:53:08.426000)

updates: Integration of information about US economy's surprising vigor in 2023 and expected monetary policy changes by ECB and Bank of Japan

Version 2.57 (2024-06-03 20:52:43.197000)

updates: US economy shows signs of slowdown in 2Q24

Version 2.56 (2024-06-03 07:52:49.788000)

updates: The April reading of the Federal Reserve’s preferred inflation measure, the personal-consumption expenditures price index, confirmed a plateauing in the rate of price growth in 2024. The personal-consumption expenditures price index rose by 0.3% month over month and 2.7% year over year in April, in line with forecasts. The core index rose by 0.2% month over month and 2.8% year over year. The April reading should keep the central bank on hold with interest rates for the time being and represents slow progress toward the Fed’s goals. The next decision from the Federal Open Market Committee is due on June 12.

Version 2.55 (2024-06-01 12:54:02.905000)

updates: US economic slowdown, additional data on inflation and consumer spending

Version 2.54 (2024-06-01 10:52:31.722000)

updates: US inflation held steady in April, consumer spending increased by 0.2%

Version 2.53 (2024-06-01 07:52:31.032000)

updates: New information on US inflation and consumer spending

Version 2.52 (2024-05-31 23:52:53.066000)

updates: The Federal Reserve is more likely to cut rates in September after PCE data

Version 2.51 (2024-05-31 21:53:38.320000)

updates: US inflation holds steady, consumer spending weakens

Version 2.5 (2024-05-31 21:52:57.984000)

updates: New report shows some slowdown in price increases

Version 2.49 (2024-05-31 20:55:45.758000)

updates: US inflation remains steady at 2.7% in April

Version 2.48 (2024-05-31 20:52:31.518000)

updates: The Bureau of Economic Analysis report shows a decrease in consumer spending, inflation, and income in April

Version 2.47 (2024-05-31 19:56:00.478000)

updates: Experts caution against expecting interest rate cuts

Version 2.46 (2024-05-31 19:52:36.468000)

updates: US inflation remains steady in April, personal spending weakens

Version 2.45 (2024-05-31 17:52:52.753000)

updates: The PCE price index increased by 0.3% in April, matching the gain in March. The stability in inflation comes despite price cuts by major retailers and reduced spending by Americans. The delay in rate cuts by the Fed puts it behind other central banks. The next major inflation metric the Fed will receive is the PCE report, which will be released before the two-day monetary policy meeting. The US economy grew by 1.3% in the first quarter of 2024, and the jobless rate was 3.8%. The weak PCE data suggests a significant slowdown in the US economy, potentially raising macro risk for markets. The implications of the report are bearish for equities, and the risk of a major decline in the US equity market has risen. The US Treasury yields declined after the report, and bond markets were relieved by the PCEPI inflation number. The S&P 500 initially rose but reversed gains due to weak personal spending growth. U.S. inflation tracked sideways in April and consumer spending weakened, mixed signals for the Federal Reserve that provided little clarity on whether the U.S. central bank will be able to begin cutting interest rates in September.

Version 2.44 (2024-05-31 15:56:35.919000)

updates: New information on consumer spending and inflation data

Version 2.43 (2024-05-31 15:56:03.606000)

updates: Includes personal spending data confirming severe economic slowdown

Version 2.42 (2024-05-31 15:55:37.470000)

updates: Incorporated information about the PCE price index and its stability in April

Version 2.41 (2024-05-31 15:53:43.318000)

updates: US inflation remains steady in April, concerns about rate cuts and impact on the economy

Version 2.4 (2024-05-31 15:53:25.853000)

updates: The report from the Commerce Department also showed tepid consumer spending, which increased by 0.2% in April, down from a downwardly revised 0.7% rise in March. Traders of futures tied to the Fed policy rate maintained bets of roughly even odds that the central bank will begin to cut rates in September. The Fed has kept its benchmark policy rate in the 5.25%-5.50% range for the past 10 months. The Fed has raised borrowing costs by 525 basis points since March 2022 in an attempt to cool demand across the economy. Financial markets initially expected the first rate cut to come in March, but it has been pushed back to September. Revised gross domestic product data released on Thursday showed consumer spending moderating to a 2.0% pace in the first quarter from the brisk 3.3% pace in the October-December period.

Version 2.39 (2024-05-31 14:57:38.793000)

updates: Incorporated information about the stability of inflation and its impact on the Federal Reserve's ability to cut interest rates

Version 2.38 (2024-05-31 14:56:41.473000)

updates: Updated information on US inflation and Fed's interest rate decision

Version 2.37 (2024-05-31 14:54:56.271000)

updates: US inflation rises in line with expectations in April, Fed may delay interest rate cuts

Version 2.36 (2024-05-31 14:53:35.442000)

updates: The story has been updated with additional information on inflation and the Federal Reserve's preferred measure of inflation, the PCE price index. It also includes insights on consumer spending and the impact of sustained price increases on the Federal Reserve's ability to cut interest rates.

Version 2.35 (2024-05-31 14:53:16.306000)

updates: The Personal Consumption Expenditures price index, the Fed's favorite inflation gauge, rose 0.3% in April, resulting in an annual rate of 2.7% that matched March's gain. Food prices fell, but gas prices moved higher by 1.2%. Services inflation is running at 3.9%, while goods inflation is nearly flat at 0.1%. The core PCE price index, excluding food and energy, rose 0.2% for the month and held steady at 2.8% on an annual basis. Consumer spending rose 0.2% in April, compared to a 0.7% increase in March. Disposable income gains also retreated, ticking up by 0.2% versus 0.5% in March. Both spending and disposable incomes fell by 0.1% when taking inflation into account. The report confirms that economic activity slowed in April, and weaker spending keeps rate cuts on the table for 2024.

Version 2.34 (2024-05-31 13:59:04.780000)

updates: US inflation remains steady, Fed's preferred measure unchanged

Version 2.33 (2024-05-31 13:57:13.177000)

updates: US inflation remains steady in April

Version 2.32 (2024-05-21 13:55:01.004000)

updates: Fed official Christopher Waller suggests progress in inflation fight has resumed

Version 2.32 (2024-05-21 13:55:01.004000)

updates: Fed official Christopher Waller suggests progress in inflation fight has resumed

Version 2.32 (2024-05-21 13:55:01.004000)

updates: Fed official Christopher Waller suggests progress in inflation fight has resumed

Version 2.32 (2024-05-21 13:55:01.004000)

updates: Fed official Christopher Waller suggests progress in inflation fight has resumed

Version 2.32 (2024-05-21 13:55:01.004000)

updates: Fed official Christopher Waller suggests progress in inflation fight has resumed

Version 2.32 (2024-05-21 13:55:01.004000)

updates: Fed official Christopher Waller suggests progress in inflation fight has resumed

Version 2.32 (2024-05-21 13:55:01.004000)

updates: Fed official Christopher Waller suggests progress in inflation fight has resumed

Version 2.32 (2024-05-21 13:55:01.004000)

updates: Fed official Christopher Waller suggests progress in inflation fight has resumed

Version 2.32 (2024-05-21 13:55:01.004000)

updates: Fed official Christopher Waller suggests progress in inflation fight has resumed

Version 2.31 (2024-05-20 15:57:45.250000)

updates: Federal Reserve Board Governor Philip Jefferson's comments on disinflation

Version 2.3 (2024-05-14 21:52:06.590000)

updates: Federal Reserve Chair Jerome Powell warns of stickier inflation

Version 2.3 (2024-05-14 21:52:06.590000)

updates: Federal Reserve Chair Jerome Powell warns of stickier inflation

Version 2.29 (2024-05-14 14:00:46.072000)

updates: Inflation spike challenges economic stability predictions

Version 2.29 (2024-05-14 14:00:46.072000)

updates: Inflation spike challenges economic stability predictions

Version 2.28 (2024-05-13 23:57:27.214000)

updates: Warning of a stock market correction due to inflation

Version 2.27 (2024-05-13 23:52:45.202000)

updates: New information on US inflation and its impact on economic growth forecasts

Version 2.26 (2024-05-13 15:53:48.846000)

updates: Consumer survey shows expectations of stickier inflation

Version 2.25 (2024-05-13 10:56:57.076000)

updates: New information about the upcoming inflation data release and Sweden's interest rates

Version 2.24 (2024-05-12 19:52:12.183000)

updates: US core inflation expected to cool, providing relief to the Federal Reserve

Version 2.23 (2024-05-11 17:58:17.787000)

updates: Updates on equity market performance and negative impact of tight monetary policy on the real economy

Version 2.22 (2024-05-11 14:52:37.771000)

updates: Updates on the impact of tight monetary policy on the real economy

Version 2.21 (2024-05-09 18:58:00.470000)

updates: April CPI inflation preview and projected descent

Version 2.2 (2024-05-05 06:52:02.876000)

updates: Updates on US inflation outlook and rate cut expectations

Version 2.19 (2024-05-02 05:52:27.623000)

updates: Discussion on stalled inflation and its implications

Version 2.18 (2024-04-30 19:59:25.753000)

updates: Global economic growth, labor costs, retail sales, consumer sentiment, GDP growth

Version 2.17 (2024-04-29 16:55:06.322000)

updates: Updated information on inflation, GDP growth, and concerns about the US economy

Version 2.16 (2024-04-28 23:53:46.182000)

updates: Analysis of the latest inflation data and its impact on the Federal Reserve's rate cut plans

Version 2.15 (2024-04-28 23:52:30.747000)

updates: Updated information on US inflation, consumer spending, and GDP growth

Version 2.14 (2024-04-28 12:52:43.167000)

updates: Elevated inflation and slower GDP growth raise concerns about US economy

Version 2.13 (2024-04-28 12:52:16.248000)

updates: New information about poor GDP growth and criticism of Biden

Version 2.12 (2024-04-28 11:54:28.954000)

updates: Updates on inflation, Fed's rate cut plans, and Biden's re-election bid

Version 2.11 (2024-04-27 16:52:27.727000)

updates: Updated information on US inflation and consumer spending

Version 2.1 (2024-04-27 10:51:25.278000)

updates: New information on inflation and consumer spending

Version 2.09 (2024-04-27 09:52:41.231000)

updates: US inflation remains elevated, Fed's preferred gauge shows

Version 2.08 (2024-04-27 05:53:22.510000)

updates: Updated information on US inflation and Fed's preferred gauge

Version 2.07 (2024-04-27 04:51:45.194000)

updates: New information on consumer spending and inflation

Version 2.06 (2024-04-27 03:51:31.311000)

updates: New information about the Fed's preferred inflation gauge

Version 2.05 (2024-04-27 02:53:11.007000)

updates: New information about price pressures staying elevated last month

Version 2.04 (2024-04-27 01:58:02.709000)

updates: New information on inflation and Fed's preferred gauge

Version 2.03 (2024-04-26 22:54:36.800000)

updates: Fed's preferred inflation gauge shows persistent price pressures

Version 2.02 (2024-04-26 17:53:11.326000)

updates: Updated information on US inflation and consumer spending

Version 2.01 (2024-04-26 17:52:51.871000)

updates: Updated information on US inflation and consumer spending

Version 2.0 (2024-04-26 17:52:29.604000)

updates: Additional information on core PCE and its implications for annualized rates

Version 1.99 (2024-04-26 16:51:41.389000)

updates: Updates on inflation data and the Federal Reserve's rate policy

Version 1.98 (2024-04-26 15:54:42.455000)

updates: Updated information on US inflation and Federal Reserve's response

Version 1.97 (2024-04-26 15:54:05.477000)

updates: Updated information on US inflation and Fed rate cuts

Version 1.96 (2024-04-26 15:53:14.210000)

updates: US inflation rises in line with expectations; consumer spending strong, Fed may keep rates elevated

Version 1.95 (2024-04-26 14:58:33.015000)

updates: The US Federal Reserve's favored inflation gauge, the personal consumption expenditures (PCE) price index, rose at an annual rate of 2.7 percent in March, up 0.2 percentage points from the previous month. This was above the median forecast of 2.6 percent. The "core" measure of inflation, which strips out food and energy costs, rose at an annual rate of 2.8 percent in March, unchanged from the previous month. The acceleration in inflation dampens hopes of an interest rate cut this summer and poses a challenge for the Federal Reserve as it seeks to battle rising prices. It also complicates US President Joe Biden's reelection message as he tries to convince skeptical consumers that the economy is heading in the right direction. The data also show that personal income accelerated in March, rising by 0.5 percent from the previous month. Personal savings as a percentage of disposable income fell to 3.2 percent in March from 3.6 percent in February, indicating that consumers are dipping further into their savings to fund their spending habits.

Version 1.94 (2024-04-26 13:59:58.268000)

updates: The Federal Reserve’s preferred gauge of underlying US inflation, the core personal consumption expenditures price index, increased 0.3% from the prior month in March and advanced 2.8% from a year ago. The overall PCE price measure also rose 0.3% from February and 2.7% from the prior year. Inflation-adjusted consumer spending climbed 0.5%, the biggest gain this year. The faster inflation in the first quarter, combined with steady household spending, is likely to delay any interest-rate cuts by the Fed. Fed policymakers are expected to hold borrowing costs at a two-decade high at their next meeting.

Version 1.93 (2024-04-26 13:59:13.986000)

updates: US inflation rises in line with expectations in March, Federal Reserve expected to hold off rate cuts

Version 1.92 (2024-04-26 13:58:34.538000)

updates: The Federal Reserve's preferred measure of inflation, the core Personal Consumption Expenditures Price Index, rose 0.3% in March from the previous month and 2.8% year-over-year, exceeding economists' expectations. The headline PCE, which factors in food and energy, also rose 0.3% last month, or 2.7% on an annualized basis. The US economy grew at its slowest pace in two years in the first quarter, with gross domestic product (GDP) growing at an annualized pace of 1.6%. Traders expect the Fed to hold off on rate cuts until September and predict two cuts of 25 basis points instead of the previously projected three cuts. The stubborn inflation complicates President Joe Biden's claims of progress against higher prices. The US debt-to-GDP ratio now tops 100% at 123%, projected to reach 130% by 2035.

Version 1.91 (2024-04-26 13:54:57.117000)

updates: US inflation rises in line with expectations in March, Fed expected to leave rates unchanged

Version 1.91 (2024-04-26 13:54:57.117000)

updates: US inflation rises in line with expectations in March, Fed expected to leave rates unchanged

Version 1.9 (2024-04-26 13:54:15.676000)

updates: The Federal Reserve's preferred inflation gauge, the PCE Price Index, showed that core prices rose at an annualized rate of 2.8% in March, the slowest in three years. The headline index quickened to an annual rate of 2.7%. The Bureau of Economic Analysis also reported that personal incomes in March rose 0.5%, while spending matched February's 0.8% increase. The data release boosted stocks and futures contracts tied to the S&P 500 and Nasdaq. The market is expecting no change from the Federal Reserve on rates at its next three policy meetings, with a 45.2% chance of a rate cut in September, according to CME Group's FedWatch.

Version 1.89 (2024-04-26 12:52:35.053000)

updates: New information about the rise in the Core PCE Price Index in March

Version 1.88 (2024-04-23 19:20:56.865000)

updates: Explanation of CPI and PCE indexes

Version 1.87 (2024-04-23 10:20:54.988000)

updates: Goldman Sachs predicts core PCE inflation to cool down in 2024

Version 1.86 (2024-04-22 19:23:22.646000)

updates: Confirmation of elevated inflation levels supports Fed's patient approach

Version 1.85 (2024-04-22 19:22:41.704000)

updates: The article suggests addressing structural issues in health care and housing to combat inflation

Version 1.84 (2024-04-21 22:20:46.781000)

updates: Updated inflation forecasts for Australia

Version 1.83 (2024-04-21 13:21:10.646000)

updates: Confirmation of elevated inflation and patient approach to interest rates

Version 1.82 (2024-04-20 21:20:01.298000)

updates: New information on expected inflation levels and core metric rise

Version 1.81 (2024-04-20 20:18:31.345000)

updates: Confirmation of inflation progress supporting patient approach to interest rates

Version 1.8 (2024-04-20 10:20:39.039000)

updates: Analysis of the persistence of inflation despite tightening monetary policy

Version 1.79 (2024-04-19 10:19:29.561000)

updates: New information about the impact of strong domestic demand on US inflation

Version 1.78 (2024-04-14 21:22:06.157000)

updates: Incorporated information from Market Business News about the US March inflation report and its implications for the Federal Reserve's rate path

Version 1.77 (2024-04-12 14:22:25.257000)

updates: US import prices rise; underlying imported inflation pressures muted

Version 1.76 (2024-04-12 14:20:20.751000)

updates: New information on US producer prices and inflation concerns

Version 1.75 (2024-04-12 03:27:00.649000)

updates: New information on US producer prices in March

Version 1.74 (2024-04-12 01:23:53.718000)

updates: Opinion on the March inflation report and the need for action

Version 1.73 (2024-04-11 17:19:58.576000)

updates: The US Producer Price Index (PPI) rose 2.1% for the 12 months ended in March, up from a 1.6% gain in February. Services, not energy, drove the increase in prices. On a monthly basis, US wholesale prices rose 0.2%, with services prices rising 0.3% and goods prices falling 0.1%. The core PPI, which excludes food and energy, rose to 2.4% annually. The annual rate of wholesale inflation is rising in line with pre-pandemic levels. The Federal Reserve still aims for a soft landing in terms of inflation, where it is tamped down without a surge in unemployment. The labor market remains strong, with the US economy adding 303,000 jobs in March and the unemployment rate remaining below 4%. The Fed can afford to wait a few more months before taking action.

Version 1.72 (2024-04-11 17:19:30.812000)

updates: The US wholesale inflation rises to the highest level since April 2023, adding to concerns of persistent inflation.

Version 1.71 (2024-04-11 13:21:58.241000)

updates: New information on US wholesale inflation

Version 1.7 (2024-04-11 13:21:27.265000)

updates: Integration of US Producer Price Index data

Version 1.69 (2024-04-11 01:22:19.601000)

updates: New information on consumer prices and inflation in the US, impact on Fed rate cut

Version 1.68 (2024-04-11 01:18:52.388000)

updates: The ongoing struggle between U.S. consumers and escalating prices took another hit last month, with a crucial government index revealing that price hikes resumed in March, primarily driven by two essential sectors. The Consumer Price Index rose at a year-over-year rate of 3.5% in March, the highest annual gain in the past six months. Americans are feeling the squeeze of higher prices for essentials like gas and shelter. Overall grocery prices have increased by 1.2% from a year ago. Gas prices saw a 1.7% increase from February to March. The cost of auto insurance rose by 2.6% last month, marking a staggering 22% increase from one year ago.

Version 1.67 (2024-04-10 17:18:48.465000)

updates: Includes specific details on the sectors driving inflation and the impact on American families

Version 1.66 (2024-04-10 15:19:47.850000)

updates: US consumer inflation accelerates in March, dampening rate cut hopes

Version 1.65 (2024-04-10 15:18:03.790000)

updates: Updated information on US consumer inflation in March

Version 1.64 (2024-04-10 14:19:48.963000)

updates: Includes new information on US consumer inflation in March

Version 1.63 (2024-04-10 14:18:39.578000)

updates: Updated information on US inflation and the likelihood of Fed rate cuts

Version 1.62 (2024-04-10 13:23:06.709000)

updates: Consumer prices rise more than expected in March

Version 1.61 (2024-04-10 13:22:49.510000)

updates: Updated information on US inflation figures and the impact on rate cuts by the Federal Reserve

Version 1.6 (2024-04-10 13:22:03.182000)

updates: The US inflation rate for March has risen to 3.5%, higher than expected, marking the second consecutive month of increasing inflation. This outcome reduces the likelihood of interest rate cuts by the Federal Reserve. The Bureau of Labor Statistics reported that inflation increased from 3.2% in February. The market is now awaiting insight from Fed Chair Jerome Powell on the direction of interest rates. The rising inflation rate has been a key concern for the US economy, and the Federal Reserve has been striving to reach its target of 2%. The recent data has dashed hopes of an interest rate cut. Powell had previously indicated the possibility of three rate cuts in 2024, but expectations for these cuts have fallen to their lowest level since October 2023.

Version 1.59 (2024-04-10 13:21:47.057000)

updates: US inflation rises to 3.5% in March, casting doubts on Fed's rate cuts

Version 1.58 (2024-04-10 13:19:35.400000)

updates: US inflation rate rises to 3.5%, higher than expected

Version 1.57 (2024-04-10 13:19:17.278000)

updates: US inflation rises to 3.5%, higher than expectations

Version 1.56 (2024-04-10 13:18:25.836000)

updates: Inflation spike, doubts on rate cuts, latest price data

Version 1.55 (2024-04-10 13:17:51.672000)

updates: New information on US inflation in March and its impact on the economy

Version 1.54 (2024-04-10 10:18:21.980000)

updates: Integration of information about concerns of stalling economy, small business owners, and consumers

Version 1.53 (2024-04-10 04:20:01.210000)

updates: Updates on the latest consumer price data and Fed's rate cut plans

Version 1.52 (2024-04-07 19:18:12.231000)

updates: Updates on US inflation data and Fed rate cut outlook

Version 1.51 (2024-04-07 18:22:09.326000)

updates: US jobs report influences Fed rate cut outlook

Version 1.5 (2024-04-07 13:18:48.888000)

updates: Fed rate cut view shifts to September

Version 1.49 (2024-04-06 21:18:22.687000)

updates: Updated information on US inflation and Fed's cautious approach

Version 1.48 (2024-04-06 19:21:31.992000)

updates: Inflation concerns for investors and the impact on asset prices

Version 1.47 (2024-04-05 18:20:17.631000)

updates: Updates on the US Federal Reserve's monitoring of economic data and concerns about inflation

Version 1.46 (2024-04-01 13:18:02.935000)

updates: Consumer spending surges despite rate hikes, potential impact on inflation

Version 1.45 (2024-03-31 05:21:36.231000)

updates: New information on PCE inflation and rate cuts

Version 1.44 (2024-03-30 08:19:15.037000)

updates: US inflation moderated in February, with a notable deceleration in service costs outside of housing and energy. The Personal Consumption Expenditures (PCE) price index rose by 0.3% in February, while data for January was revised upwards to show a 0.4% increase. However, core inflation has risen at a 3.5% annualized rate over the past three months. Household income has declined slightly and the savings rate dropped to 3.6%, the lowest level since December 2022.

Version 1.43 (2024-03-30 05:18:18.610000)

updates: US inflation moderated in February, with notable deceleration observed in service costs outside of housing and energy. Consumer spending surged by 0.8% in February, representing the largest increase since January 2023. The US economy remains resilient, boosted by robust consumer activity and growth prospects supported by inventory data indicating a brisk increase in wholesale and retail inventories.

Version 1.42 (2024-03-30 03:18:55.693000)

updates: US prices increased less than expected in February, with the cost of services outside housing and energy slowing significantly. Consumer spending rose by the most in just over a year last month. The personal consumption expenditures (PCE) price index rose 0.3% last month. In the 12 months through February, PCE inflation advanced 2.5%. Fed officials anticipate three rate cuts this year, with the first rate reduction expected in June.

Version 1.41 (2024-03-30 02:22:15.850000)

updates: The US central bank's favored measure of inflation, the personal consumption expenditures (PCE) price index, rose at an annual rate of 2.5 percent in February, up 0.1 percentage points from the previous month. Goods prices rose 0.5 percent, while the costs of services increased by 0.3 percent. The increase in the cost of goods was largely driven by rising fuel prices, which rose 2.3 percent from January. The higher inflation figure may cause concern for President Joe Biden's reelection campaign team as they seek to convince consumers that the economy is heading in the right direction. However, the Federal Reserve chair, Jerome Powell, stated that the data is in line with expectations and suggests that the bank is still on track towards its long-term inflation target of two percent. The closely watched 'core inflation' measure, which excludes food and energy costs, eased slightly, rising by 2.8 percent on an annual basis and by 0.3 percent from January. The data has led some Fed officials to question the prediction of three interest rate cuts this year, with some suggesting a reduction in the number of rate cuts or a delay in their implementation. The Fed is expected to begin removing some policy tightness later this year. Personal income rose by 0.3 percent in February, while personal savings as a percentage of disposable income decreased from 4.1 percent to 3.6 percent.

Version 1.4 (2024-03-30 00:22:42.004000)

updates: New information on inflation moderation and consumer spending

Version 1.39 (2024-03-30 00:21:30.967000)

updates: Federal Reserve Chair Jerome Powell comments on US inflation data

Version 1.38 (2024-03-29 18:22:00.159000)

updates: Updated information on US inflation and consumer spending in February

Version 1.37 (2024-03-29 18:20:47.953000)

updates: Includes information on the moderate increase in US inflation in February and consumer spending

Version 1.36 (2024-03-29 16:23:06.931000)

updates: US inflation slows in February, consumer spending surges

Version 1.35 (2024-03-29 15:26:19.355000)

updates: Updated information on US inflation and consumer spending

Version 1.35 (2024-03-29 15:26:19.355000)

updates: Updated information on US inflation and consumer spending

Version 1.34 (2024-03-29 15:25:37.319000)

updates: US monthly inflation slows; consumer spending surges

Version 1.33 (2024-03-29 15:23:16.582000)

updates: Updated information on US inflation and consumer spending in February

Version 1.32 (2024-03-29 14:24:10.051000)

updates: Incorporated information about the rise in consumer prices and the Personal Consumption Expenditures price index in February

Version 1.31 (2024-03-29 14:22:52.097000)

updates: The US personal consumption expenditures (PCE) price index rose 0.3% in February, with January's data revised higher to show a 0.4% increase. The pace of price pressures has slowed from the first half of last year. The Federal Reserve is considering a June interest rate cut, with three rate cuts expected this year. Fed Governor Christopher Waller stated that there is no rush to cut the policy rate, but did not rule out trimming borrowing costs later in the year. Consumer spending jumped 0.8% last month. [da8bc3e9]

Version 1.3 (2024-03-29 14:20:59.587000)

updates: US inflation rises in February, dimming hopes for rate cuts

Version 1.29 (2024-03-29 14:20:17.263000)

updates: Updated information on US inflation and consumer spending

Version 1.28 (2024-03-29 13:20:24.115000)

updates: The US inflation rate increased in February, with the PCE price index rising by 0.3%. Consumer spending also surged, with personal consumption expenditures (PCE) jumping 0.8% last month. Core inflation increased 2.8% year-on-year in February. The Federal Reserve is monitoring these price measures for its 2% inflation target and anticipates three rate cuts this year. Financial markets expect the first rate reduction in June.

Version 1.27 (2024-03-29 06:19:32.931000)

updates: Preview of the upcoming release of the core PCE inflation data

Version 1.27 (2024-03-29 06:19:32.931000)

updates: Preview of the upcoming release of the core PCE inflation data

Version 1.26 (2024-03-28 22:20:44.517000)

updates: US Core PCE Inflation Data Released: Headline Numbers, Core Data, Consumer Earnings and Spending, and What Else to Expect

Version 1.25 (2024-03-28 22:18:13.140000)

updates: US Core PCE inflation data to be released on Friday

Version 1.24 (2024-03-26 17:19:56.936000)

updates: Inclusion of UBS Nowcasts predicting stable inflation and CPI increase above consensus

Version 1.23 (2024-03-23 21:18:50.202000)

updates: Includes updated information on US inflation and producer prices

Version 1.22 (2024-03-23 20:17:58.731000)

updates: Integrates new information about the core personal consumption expenditures and inflation gauge forecast for February

Version 1.21 (2024-03-15 20:17:22.210000)

updates: US consumers still feeling effects of inflation despite some relief in price increases

Version 1.2 (2024-03-14 23:17:25.110000)

updates: US Producer Prices Rise, Exceeding Expectations and Dampening Hopes of Interest Rate Cuts

Version 1.19 (2024-03-14 20:25:44.102000)

updates: New information on US wholesale inflation and retail sales

Version 1.18 (2024-03-14 18:20:58.342000)

updates: New information on US wholesale inflation in February 2024

Version 1.17 (2024-03-14 16:22:14.017000)

updates: US wholesale inflation exceeded expectations in February

Version 1.16 (2024-03-14 16:20:53.754000)

updates: US retail sales in February missed expectations; additional information on consumer spending and producer prices

Version 1.15 (2024-03-14 15:22:16.117000)

updates: Updates on US producer prices rising in February due to increased costs of gasoline and food

Version 1.14 (2024-03-14 14:19:11.721000)

updates: US wholesale prices rise in February, adding to inflation pressures

Version 1.13 (2024-03-13 21:17:55.646000)

updates: US consumer inflation driven by gasoline and shelter costs

Version 1.12 (2024-03-13 19:17:36.459000)

updates: Incorporated details from JP Morgan's analysis of the February 2024 CPI report

Version 1.11 (2024-03-13 08:33:07.919000)

updates: US inflation surges, posing challenges for Federal Reserve's interest rate decision

Version 1.1 (2024-03-13 06:24:41.990000)

updates: New information on the US Federal Reserve

Version 1.09 (2024-03-13 06:22:16.320000)

updates: New information on US consumer inflation in February

Version 1.08 (2024-03-13 05:23:18.275000)

updates: New information on US consumer inflation in February

Version 1.07 (2024-03-12 22:19:12.778000)

updates: Additional information on inflation tracking and the differences between the Consumer Price Index and the Personal Consumption Expenditures price index

Version 1.07 (2024-03-12 22:19:12.778000)

updates: Additional information on inflation tracking and the differences between the Consumer Price Index and the Personal Consumption Expenditures price index

Version 1.06 (2024-03-12 22:18:12.215000)

updates: Information about the impact of deflation on the economy

Version 1.05 (2024-03-12 21:24:57.427000)

updates: New information on the factors driving inflation in February and the impact on interest rate cuts

Version 1.04 (2024-03-12 19:24:58.860000)

updates: Updated information on US inflation and Federal Reserve's stance

Version 1.03 (2024-03-12 19:19:26.811000)

updates: Updated information on US inflation rate and core inflation

Version 1.02 (2024-03-12 18:22:31.650000)

updates: US inflation rises to 3.2%, dampens hope of Fed's interest-rate cut until June

Version 1.01 (2024-03-12 18:19:20.454000)

updates: Incorporated analysis of US core CPI data and its impact on the Federal Reserve's rate cut strategy

Version 1.0 (2024-03-12 16:19:26.244000)

updates: The article provides additional details on US and UK inflation rates and the likelihood of rate cuts by the Federal Reserve and the Bank of England.

Version 0.99 (2024-03-12 15:17:26.983000)

updates: Updated information on US inflation and Federal Reserve's interest rate cut debate

Version 0.98 (2024-03-12 13:24:34.416000)

updates: Updated information on inflation, rate cut expectations, and investor reactions

Version 0.97 (2024-03-12 13:18:07.210000)

updates: Inflation data and expectations for rate cuts

Version 0.96 (2024-03-12 13:17:02.642000)

updates: Inflation data shows core inflation fell; Small Business Optimism Index at eight-month low

Version 0.95 (2024-02-29 13:46:03.892000)

updates: Consumer confidence falls, rate cut expectations delayed

Version 0.94 (2024-02-26 23:16:58.559000)

updates: Updates on US economic data and rate hike speculation

Version 0.93 (2024-02-22 13:17:34.994000)

updates: Investors concerned about possible rate hike by Federal Reserve

Version 0.92 (2024-02-22 01:20:35.410000)

updates: Mixed market reaction as investors remain wary of rate cuts

Version 0.91 (2024-02-16 12:17:52.871000)

updates: Rate cut bets strengthened by surprise dip in US retail sales

Version 0.9 (2024-02-16 11:17:38.420000)

updates: Includes information about the surprise dip in US retail sales and its impact on rate cut expectations

Version 0.89 (2024-02-15 15:21:07.012000)

updates: Wall Street reacts to mixed economic data, interest rate cut expectations rise

Version 0.88 (2024-02-15 13:17:33.070000)

updates: US stock futures muted as investors await economic data

Version 0.87 (2024-02-15 12:21:46.143000)

updates: US stock futures rose on Thursday as investors brushed off inflation and recession fears. The S&P, Dow, and Nasdaq were all set to open higher, while Treasury yields and the US dollar fell. The UK and Japan are officially in recession after two straight quarters of economic declines. US stocks closed higher on Wednesday after data showing unexpectedly high inflation in January sent it slumping earlier this week. The 10-year Treasury yield dipped to 4.22%, and the US Dollar Index retreated to 104.63. Applied Materials, Deere & Company, DoorDash, and DraftKings are all slated to publish reports today. Wall Street will be looking out for initial jobless claims, two key manufacturing surveys, and retail sales. Fed governor Christopher Waller and the Atlanta Fed's president, Raphael Bostic, are also scheduled to speak. The expectation of Fed rate cuts is not what it used to be at the start of the year due to persistent inflation. Notorious market bear Michael Burry has no more short positions in his portfolio and is now long health and tech stocks. U.S. stock index futures were subdued on Thursday with a slew of economic data reports on the radar. Data due at 8:30 a.m. ET, including January retail sales, industrial production and weekly jobless claims, are expected to shed more light on the economy's health. Bets for at least a 25-basis-point rate cut in May have settled at 40%, down from over 60% earlier in the week, while odds for June stand at 82.3%, according to the CME Group's FedWatch Tool. Investor optimism was also buoyed by a robust season that saw nearly 80% of the companies beating earnings expectations. Among premarket movers, Cisco Systems' stock shed 5.2% after the company said it would cut 5% of its global workforce and lowered its annual revenue target as it navigates a tough economy. Albemarle dropped 5.2% after the world's largest lithium producer said it had swung to a quarterly loss from a year-ago profit due to plunging prices of the ultra-light metal.

Version 0.86 (2024-02-15 12:16:29.678000)

updates: US stock futures rebound after inflation-driven selloff

Version 0.85 (2024-02-15 11:20:00.269000)

updates: US futures rise as investors shrug off inflation and recession fears

Version 0.84 (2024-02-15 11:17:03.850000)

updates: Added information about stock movements and key U.S. economic data

Version 0.83 (2024-02-15 02:16:51.366000)

updates: US stocks are expected to rebound after a sell-off. Traders see the pullback as a buying opportunity and remain optimistic about the market outlook. Trading activity may be subdued due to a lack of major US economic data. Shares of Lyft and Robinhood are soaring in pre-market trading after reporting better-than-expected fourth-quarter results. Akamai Technologies may come under pressure despite reporting better-than-expected earnings. Stock markets in Asia-Pacific moved mostly lower, while European markets are up. Crude oil futures are rising, and gold prices have decreased slightly. The US dollar is trading lower against the yen and the euro.

Version 0.82 (2024-02-15 00:23:44.694000)

updates: Stock market recovers after previous day's losses

Version 0.81 (2024-02-14 23:16:44.998000)

updates: US stocks rebounded after a sell-off driven by hotter-than-expected inflation data. The Dow Jones Industrial Average rose 0.4% after a 500-point drop on Tuesday. The S&P 500 added almost 1% and the Nasdaq Composite climbed almost 1.3%.

Version 0.8 (2024-02-14 23:16:07.683000)

updates: Updated information on US stock market rebound and Slack AI launch

Version 0.79 (2024-02-14 22:23:37.144000)

updates: US stocks rebounded after a sell-off driven by hotter-than-expected inflation data. The Dow Jones Industrial Average rose 0.4% after a 500-point drop on Tuesday. The S&P 500 added almost 1% and the Nasdaq Composite climbed almost 1.3%. The 10-year Treasury yield pulled back slightly from the previous day's jump to trade around 4.27%. US stocks rose on Wednesday to recover much of their sharp losses from a day before. The S&P 500 climbed 1 percent to 5,000 and clawed back more than two-thirds of its loss from Tuesday. The Dow Jones Industrial Average gained 0.4 percent to 38,424 a day after dropping 524 points for its worst loss in nearly 11 months. The Nasdaq composite jumped 1.3 percent to 15,859. Treasury yields eased after shooting upward a day earlier on expectations the Fed would keep rates high for longer. The yield on the 10-year Treasury fell to 4.25 percent from 4.32 percent late on Tuesday. Nvidia rose 2.5 percent on Wednesday and was the single strongest force pushing up the S&P 500 index. Most companies in the S&P 500 have been topping analysts’ forecasts for the last three months of 2023. Hopes for stronger growth in 2024 from a solid economy have been another reason the S&P 500 has set 10 records already this year.

Version 0.78 (2024-02-14 21:15:44.696000)

updates: US stocks rebounded after inflation-fueled sell-off

Version 0.77 (2024-02-14 18:15:44.166000)

updates: Stock market recovery, Slack AI launch

Version 0.76 (2024-02-14 14:20:40.424000)

updates: Added information about the drop in stock markets due to CPI

Version 0.75 (2024-02-14 13:15:51.853000)

updates: US futures point to a recovery in the stock market after inflation hit

Version 0.74 (2024-02-14 12:17:31.269000)

updates: Updated information on stock market performance and US inflation data

Version 0.73 (2024-02-14 09:48:00.402000)

updates: Global shares mixed after US inflation data

Version 0.72 (2024-02-14 08:47:58.019000)

updates: Asian shares drop after US inflation data

Version 0.71 (2024-02-14 07:49:12.699000)

updates: US stocks plunge, concerns over Fed response, market volatility

Version 0.7 (2024-02-14 06:48:47.580000)

updates: Asian shares drop after disappointing US inflation data

Version 0.69 (2024-02-14 05:48:23.739000)

updates: Asian shares drop after disappointing US inflation data

Version 0.68 (2024-02-14 03:48:57.295000)

updates: Updated information on stock market performance and inflation data

Version 0.67 (2024-02-13 15:24:13.424000)

updates: Added information about the stock market decline due to worse-than-expected inflation data

Version 0.66 (2024-02-13 15:23:16.535000)

updates: Stock market slides after worse-than-expected inflation data

Version 0.65 (2024-02-13 13:23:48.336000)

updates: Updated information on stock market opening, inflation data, and upcoming earnings reports

Version 0.64 (2024-02-12 20:27:50.029000)

updates: Updates on upcoming earnings reports and concerns about the stock market becoming top-heavy

Version 0.63 (2024-02-12 18:23:40.982000)

updates: Integration of ASX opening and market conditions

Version 0.62 (2024-02-12 17:24:45.828000)

updates: Updated stock market performance and added concerns about top-heaviness and commercial real estate

Version 0.61 (2024-02-12 15:23:49.370000)

updates: Updates on stock market performance and upcoming inflation report

Version 0.6 (2024-02-12 15:21:15.118000)

updates: US stock indices opened muted on Monday as investors are awaiting economic data including inflation.

Version 0.59 (2024-02-12 12:25:25.330000)

updates: Updates on US stock futures and upcoming economic data

Version 0.58 (2024-02-12 10:21:19.541000)

updates: Updates on stock futures and upcoming US CPI and earnings

Version 0.57 (2024-02-09 06:15:54.253000)

updates: Updates on stock futures, oil prices, Lunar New Year, dollar, treasury yields, gold, iron-ore prices, and Google's subscription chatbots

Version 0.56 (2024-02-09 04:14:49.166000)

updates: Chinese equities in Hong Kong slump amid holidays

Version 0.55 (2024-02-09 01:11:42.668000)

updates: Added information about Asian stocks struggling for traction due to markets shutting down for holidays

Version 0.54 (2024-02-08 23:13:05.885000)

updates: Asian stocks mixed, US shares reach record high, Treasury yields rise, Bitcoin tops $45,000, oil rallies

Version 0.53 (2024-02-08 02:15:10.272000)

updates: Asian stocks edge higher, Japan's current account balance lower than expected, additional data releases in Asia, gold retraces small decline

Version 0.52 (2024-02-08 00:15:51.954000)

updates: Updates on Asian stock market openings and earnings releases

Version 0.51 (2024-02-07 02:14:14)

updates: Indian stock market gains on across the board buying

Version 0.5 (2024-02-05 04:16:46.804000)

updates: Asian stocks decline, US dollar strengthens, oil prices stabilize amid ceasefire talks

Version 0.49 (2024-02-05 02:14:10.035000)

updates: US markets gain, India windfall tax on petroleum oil

Version 0.48 (2024-02-05 01:14:29.702000)

updates: Updates on Asian markets and central bank decisions

Version 0.47 (2024-02-01 04:25:27.550000)

updates: Asian stocks struggle for direction as Fed downplays early rate cuts

Version 0.46 (2024-01-31 09:30:46.744000)

updates: China economic data disappoints

Version 0.45 (2024-01-31 08:25:26.856000)

updates: Added information on Samsung Electronics' operating profit decline

Version 0.44 (2024-01-31 07:28:21.369000)

updates: Mixed performance of Asian stocks

Version 0.43 (2024-01-31 05:28:18.400000)

updates: Asian stocks decline ahead of Federal Reserve decision

Version 0.42 (2024-01-30 20:27:03.840000)

updates: Updates on Federal Reserve interest rate decision and stock movements

Version 0.41 (2024-01-30 12:28:53.571000)

updates: GM beats expectations, FanDuel debuts on NYSE, iRobot acquisition falls through, euro zone avoids recession

Version 0.4 (2024-01-30 05:29:31.346000)

updates: Asian shares were mixed, with Hong Kong and Shanghai leading declines ahead of the Federal Reserve's interest rate decision. Shares in property developer China Evergrande Group remained suspended from trading after a Hong Kong court ordered the company to be liquidated. Other property companies and technology companies also declined. Chinese regulators have been taking measures to prop up the markets. In other parts of Asia, Tokyo's Nikkei 225 index rose, the Kospi in South Korea edged higher, and Australia's S&P/ASX 200 picked up.

Version 0.39 (2024-01-30 04:29:21.348000)

updates: US stock market reaches new highs, tech earnings updates

Version 0.38 (2024-01-30 02:26:50.534000)

updates: The Dow Jones and Nasdaq reached new highs. Earnings reports from leading companies and the Federal Reserve's policy meeting are in focus.

Version 0.37 (2024-01-29 20:28:52.885000)

updates: Added details about stock market performance, tech stocks, Goldman Sachs executive departure, Warner Bros. Discovery stock, SoFi Technologies and Lucid Motors trending tickers

Version 0.36 (2024-01-29 17:26:33.635000)

updates: US stocks moved slightly higher as investors gear up for a jam-packed week of earnings and economic data. Mega-cap tech companies Apple, Microsoft, Amazon, and Alphabet are set to release earnings this week. The Federal Reserve will announce an interest rate decision, and the January jobs report will be released. So far, 25% of S&P 500 companies have reported Q4 earnings, with 71% beating profit estimates and 68% beating revenue estimates. Elon Musk's net worth has declined by $30 billion this year. China Evergrande, a Chinese real estate company, has been ordered to liquidate. Consumer sentiment towards the US economy has improved. In commodities, crude oil and Brent crude oil prices fell, gold prices rose, and the 10-year Treasury yield dropped.

Version 0.35 (2024-01-29 15:30:24.607000)

updates: US stocks moved slightly higher, Elon Musk's net worth declined, China Evergrande ordered to liquidate, consumer sentiment improved, gold prices rose, 10-year Treasury yield dropped

Version 0.34 (2024-01-29 15:26:13.914000)

updates: Added details on earnings, economic data, Elon Musk, China Evergrande, consumer sentiment, commodities, and Treasury yield

Version 0.33 (2024-01-29 14:36:16.388000)

updates: US stock futures unchanged, tech earnings updates

Version 0.32 (2024-01-29 14:33:02.549000)

updates: Updated title and integrated new information about earnings reports and market expectations

Version 0.31 (2024-01-29 13:29:00.596000)

updates: US stock futures little changed as investors prepare for busy week of earnings and economic reports

Version 0.3 (2024-01-28 15:55:03.850000)

updates: Updated information on upcoming economic reports, earnings, and Fed meeting

Version 0.29 (2024-01-28 14:56:58.776000)

updates: Added information about the upcoming earnings of Big Tech companies and the Federal Reserve's decision on interest rates

Version 0.28 (2024-01-28 14:54:37.574000)

updates: Integration of new information about tech earnings, Fed meeting, and employment report

Version 0.27 (2024-01-27 11:54:07.082000)

updates: Integration of new information about high stakes in the US stock market, focus on inflation data and earnings

Version 0.26 (2024-01-27 07:53:42.146000)

updates: Updated information on upcoming economic reports, tech earnings, and OPEC meeting

Version 0.25 (2024-01-27 03:55:44.814000)

updates: Updates on tech earnings, Federal Reserve meeting, and employment report

Version 0.24 (2024-01-26 23:55:35.502000)

updates: The US stock market will face a major test with big tech earnings, the Federal Reserve's monetary policy meeting, and the closely-watched employment report. The S&P 500 is up nearly 3% since the end of December and stands near record highs. Expectations of a US economic 'soft-landing' with stable growth and cooling inflation have contributed to the market's strong start to the year.

Version 0.23 (2024-01-26 23:55:18.423000)

updates: Updated information on tech earnings, Federal Reserve meeting, and nonfarm payrolls

Version 0.22 (2024-01-26 18:56:58.797000)

updates: Added information about upcoming tech earnings, Federal Reserve meeting, and nonfarm payrolls report

Version 0.21 (2023-12-03 09:35:31.341000)

updates: Integration of key economic reports and their impact on the market

Version 0.2 (2023-11-25 23:37:29.983000)

updates: Added information about the slight decline in US stocks, awaiting Nvidia's results and Fed minutes

Version 0.19 (2023-11-25 22:40:02.711000)

updates: US stock market rally cools, investors await Fed minutes and Nvidia earnings

Version 0.18 (2023-11-22 05:52:35.299000)

updates: US and European stocks rally on Fed minutes, solid-state batteries and OPEC+ meeting in focus

Version 0.17 (2023-11-21 14:06:52.162000)

updates: Updates on US stock market opening, earnings news, Federal Reserve meeting minutes, Asian and UK markets

Version 0.16 (2023-11-21 13:09:47.004000)

updates: Incorporated information about mixed performance in global markets and attention on economics

Version 0.15 (2023-11-21 07:07:35.268000)

updates: Updated information on stock market rally, tech stocks, interest rates, and oil prices

Version 0.14 (2023-11-21 06:02:55.703000)

updates: Incorporated latest stock market performance and oil prices

Version 0.13 (2023-11-21 04:02:35.567000)

updates: Updated information on stock market performance, tech companies, and oil prices

Version 0.12 (2023-11-20 18:06:26.713000)

updates: Incorporated information about the performance of the Paris stock market

Version 0.11 (2023-11-20 17:07:32.183000)

updates: Incorporated updates on CAC40 performance and trends

Version 0.1 (2023-11-20 16:04:38.103000)

updates: Updated information on stock market performance and central bank policies

Version 0.09 (2023-11-20 15:00:17.155000)

updates: Updated information on stock market performance and key events

Version 0.08 (2023-11-20 14:09:01.447000)

updates: Updated information on stock market performance and key earnings reports

Version 0.07 (2023-11-19 09:54:54.606000)

updates: Updated information on stock market performance, earnings reports, and central bank policies

Version 0.06 (2023-11-19 08:18:53.689000)

updates: Updated information on stock market performance and key earnings reports

Version 0.05 (2023-11-18 17:15:48.600000)

updates: Updated information on stock market performance and key factors driving it

Version 0.04 (2023-11-18 07:00:12.193000)

updates: Updated information on stock market performance and investor sentiment

Version 0.03 (2023-11-18 06:08:29.933000)

updates: Updated information on US and European stock markets

Version 0.02 (2023-11-17 22:11:54.246000)

updates: Updated information on stock market performance and earnings reports

Version 0.01 (2023-11-17 19:59:24.241000)

updates: Updated information on stock market performance and earnings

Version 0.0 (2023-11-17 18:58:11.930000)

updates: