Payne Capital Management President Ryan Payne joins the markets and joins ‘Varni & Company’.
American manufacturer prices increased concrete in January, offering more evidence Putting inflation Strengthening the ideas of again and financial markets that the Federal Reserve will not cut interest rates before the second half of the year.
The Bureau of Labor Statistics (BLS) of the Labor Department said on Thursday that the manufacturer price index for the final demand for final demand for the final demand for the final demand in December increased by 0.4% last month. Economists voted by Reuters had estimated an increase of 0.3%of PPI. In 12 months through January, PPI increased by 3.5% after increasing 3.3% in December.
The report followed the news on Wednesday that consumer prices rise in about 1-1/2 years in January, hopeful that it is expected that US Central Bank The cutting rates will resume in June. Financial markets now expect a decrease in rate in September, although some economists believe that the window has been closed for ease of further policy, citing strong domestic demand and a stable labor market.
Inflation increases by 3% in January, more hot than expected
Fed chair Zerome poly On Wednesday, the MPs told “We are close, but not inflation,” we want to keep policy restrictive for now. “
Fed left its benchmark interest rate overnight in January 4.25% -4.50% range, reduced it from 100 base points since September, when he launched his policy spontaneous cycle. In 2022 and 2023, the policy rate was increased to subdue inflation to increase by 5.25 per cent.
Trump says for low interest rates to go ‘hands’ with tariff: ‘Chalo Rock and Roll, America’
chairman Donald Trump’s Fiscal, trade and immigration policies are seen as inflation. 25% tariff on goods from Canada and Mexico was suspended by March. But this month, 10% additional tariffs were implemented on Chinese goods.
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With the January PPI report, BLS updated the weight to reflect the price movements in 2024, and the seasonal adjustment factor, the model that uses to exclude seasonal ups and downs from the government data.
