Economic Indicators

US consumer price index holds steady, matching forecasts and previous data

2024.11.13 10:05

US consumer price index holds steady, matching forecasts and previous data

The Consumer Price Index (CPI), a crucial measure of changes in purchasing trends and inflation, held steady in its latest report. The actual number came in at 0.2%, reflecting the change in the price of goods and services from the perspective of the consumer.

This figure matched both the forecasted number and the previous figure, both of which were also 0.2%. This consistency suggests a stability in the economy, with inflation remaining under control and purchasing trends remaining steady.

The CPI is a key economic indicator, and its readings can have significant implications for the US dollar. A higher than expected reading is typically seen as positive or bullish for the USD, as it indicates increased consumer spending and potentially stronger economic growth. Conversely, a lower than expected reading can be interpreted as negative or bearish for the USD, implying a slowdown in consumer spending and potential economic weakness.

In this instance, the actual CPI number being in line with expectations and previous data suggests a neutral impact on the USD. It indicates a balance between inflationary pressures and consumer spending, with neither accelerating nor slowing down significantly.

The steadiness of the CPI is a positive sign for the economy, suggesting that consumer spending is neither outpacing nor lagging behind economic growth. This balance is crucial for maintaining economic stability and avoiding the boom-and-bust cycles that can lead to recessions.

In conclusion, the latest CPI data paints a picture of a stable economy, with consumer spending and inflation remaining in check. This stability is a positive sign for the USD, as it suggests a balanced and steady economic environment.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.



Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 91,253.45 4.35%
ethereum
Ethereum (ETH) $ 3,215.69 1.76%
tether
Tether (USDT) $ 1.00 0.22%
solana
Solana (SOL) $ 222.49 7.58%
bnb
BNB (BNB) $ 643.49 5.92%
dogecoin
Dogecoin (DOGE) $ 0.403704 6.61%
xrp
XRP (XRP) $ 0.713094 8.09%
usd-coin
USDC (USDC) $ 1.00 0.29%
staked-ether
Lido Staked Ether (STETH) $ 3,210.08 1.74%
cardano
Cardano (ADA) $ 0.579971 8.86%
tron
TRON (TRX) $ 0.182436 3.79%
shiba-inu
Shiba Inu (SHIB) $ 0.000026 8.33%
the-open-network
Toncoin (TON) $ 5.46 4.70%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,805.82 1.69%
avalanche-2
Avalanche (AVAX) $ 33.66 5.27%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 90,781.32 3.99%
pepe
Pepe (PEPE) $ 0.000023 76.26%
sui
Sui (SUI) $ 3.37 9.81%
weth
WETH (WETH) $ 3,213.22 1.60%
bitcoin-cash
Bitcoin Cash (BCH) $ 443.30 7.49%
chainlink
Chainlink (LINK) $ 13.54 1.55%
polkadot
Polkadot (DOT) $ 5.09 1.39%
leo-token
LEO Token (LEO) $ 7.71 6.14%
near
NEAR Protocol (NEAR) $ 5.39 5.16%
aptos
Aptos (APT) $ 11.96 1.53%
litecoin
Litecoin (LTC) $ 81.97 12.46%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,386.81 1.70%
usds
USDS (USDS) $ 1.00 0.13%
uniswap
Uniswap (UNI) $ 8.66 3.13%
crypto-com-chain
Cronos (CRO) $ 0.159138 0.99%
dogwifcoin
dogwifhat (WIF) $ 4.29 43.56%
internet-computer
Internet Computer (ICP) $ 8.51 4.21%
bittensor
Bittensor (TAO) $ 542.29 0.18%
stellar
Stellar (XLM) $ 0.127071 2.48%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.31 1.67%
ethereum-classic
Ethereum Classic (ETC) $ 22.66 4.49%
dai
Dai (DAI) $ 1.00 0.37%
whitebit
WhiteBIT Coin (WBT) $ 22.51 3.28%
kaspa
Kaspa (KAS) $ 0.127189 3.29%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.29%
blockstack
Stacks (STX) $ 1.97 3.59%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.376108 2.96%
bonk
Bonk (BONK) $ 0.000041 23.42%
render-token
Render (RENDER) $ 7.12 7.66%
monero
Monero (XMR) $ 146.88 1.24%
okb
OKB (OKB) $ 45.14 4.78%
aave
Aave (AAVE) $ 174.27 1.51%
mantle
Mantle (MNT) $ 0.75459 9.49%
arbitrum
Arbitrum (ARB) $ 0.625316 7.82%
filecoin
Filecoin (FIL) $ 4.12 4.77%