US CONSUMER PRICE INDEX
Charting the Global Economy: War pushes up prices, dents growth
The Iran war is fueling a global inflation wave, prompting the European Central Bank to raise interest rates for the first time in nearly three years.
Why your summer tomatoes cost so much
Tomato prices have surged due to severe weather in Florida and Mexico. Consumers face higher costs for this summer staple.
Wall Street Week Ahead: Newly led Fed poses wildcard for rockier US indexes
Investors are closely watching the Federal Reserve's first meeting under new Chair Kevin Warsh amid concerns that interest rate hikes to combat inflation could negatively impact the stock market. While the Fed is expected to hold rates steady for now, market participants will scrutinize future projections and Warsh's communication for clues on potential rate increases later this year.
Retail inflation edges up to 3.9% in May
Economists expect price pressures to intensify further in June, driven by the continued pass-through of earlier increases in transport and cooking fuel costs amid continued supply disruptions due to the West Asia conflict.
US markets plunge: Dow Jones, S&P 500 and Nasdaq crash as Trump’s Iran threat sparks a risk-off market selloff, pushing the U.S. dollar higher and oil prices sharply upward
Dow Jones, S&P 500 and Nasdaq crashed as Trump’s Iran threat reignited fears of a wider Middle East conflict. Investors rushed into the U.S. dollar while WTI oil surged toward $90. Rising energy prices now threaten inflation, interest-rate expectations, and economic growth. The selloff reveals how quickly geopolitics can reshape Wall Street sentiment and global markets.
US producer prices rose 6.5% in May on higher energy prices, largest yearly jump since November 2022
American producer prices saw their biggest jump since late 2022. Energy costs soared, impacting inflation significantly. This surge follows the Iran war and the closure of the Strait of Hormuz. Wholesale gasoline prices climbed sharply. Consumer prices also rose, exceeding the Federal Reserve's target. U.S. crude oil inventories are depleting. This situation could affect the refining system.
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Infosys, HCL Tech, other IT stocks tumble up to 3%. What's spooking investors?
Indian IT stocks, led by Infosys, HCLTech and LTIMindtree, fell up to 3% as hotter-than-expected US inflation fuelled concerns over prolonged higher interest rates. The selloff was compounded by lingering worries about AI-driven disruption and its potential impact on future technology spending and demand from key US clients.
Bitcoin trades below $63,000 despite softer inflation concerns after US CPI data
Bitcoin dipped below $63,000 despite in-line CPI data, trading at $62,740. Major altcoins saw mixed movements, with some gaining up to 3% while Hyperliquid fell. Analysts note Bitcoin's range-bound trading and tentative recovery, with ETF flows reflecting caution. Despite market volatility, crypto adoption continues to grow.
World markets walk a tightrope between AI stocks and oil shocks
Global markets are on a knife edge, facing a potential AI boom or oil shocks from the U.S.-Iran conflict. Investors are navigating volatile conditions, with correlations between tech, interest rates, and oil creating uncertainty. The outlook hinges on the Strait of Hormuz reopening, with stagflation risks looming if oil prices remain elevated.
Honasa shares jump 6% on Rs 5,500 crore revenue target by FY31. What is Goldman Sachs saying?
Honasa Consumer shares surged after the company outlined a revenue target of ₹5,500 crore by FY31. The guidance implies an annual growth rate of around 18% between FY26 and FY31. Growth is expected to be led by Mamaearth, with revenue projected to exceed ₹2,000 crore, while The Derma Co is expected to contribute nearly ₹1,500 crore by FY31.
Kospi tanks 9% in just two sessions! What’s causing bloodbath in 2026’s top market?
South Korea’s KOSPI has plunged 9% in two sessions after a strong 2026 rally, as AI-driven semiconductor stocks face profit booking. Rising U.S. inflation, geopolitical tensions in West Asia and leveraged ETF volatility have intensified the sell-off, raising concerns that the AI-led rally may have outpaced fundamentals.
Dollar shaky as investors weigh rate outlook, Middle East worries
U.S. dollar weakened amid new Middle East strikes and rising consumer inflation, causing investor unease about the Federal Reserve's policy. Despite ongoing tit-for-tat strikes, market reactions were subdued, with analysts citing "news fatigue" and a craving for certainty. Meanwhile, the European Central Bank is poised to raise rates to combat inflation.
Bond traders keep bets on Fed hike in 2026
Bond traders maintain expectations for a Federal Reserve interest rate hike by year-end, despite a softer US core inflation reading. This eased immediate pressure on the Fed to act sooner, allowing for a "wait and see" approach. The core CPI's 0.2% rise from April fell short of the 0.3% consensus forecast.
Gold hits over 6-month low on rate-hike concerns amid Mideast conflict
Gold prices dropped to a six-month low as U.S. strikes on Iran fueled oil prices and inflation concerns. This, coupled with strong U.S. consumer inflation data, reinforces expectations of higher-for-longer interest rates, weighing on the non-yielding metal. Markets await further U.S. economic data for insights into the Federal Reserve's monetary policy.
Asian stocks fall, oil gains as US strikes Iran
US forces launched fresh strikes on Iran, escalating geopolitical risks and sending oil prices up over 2%. This development, coupled with a renewed selloff in tech stocks, rattled Asian equities and Wall Street futures. Investors remain cautious, anticipating potential inflationary pressures and higher interest rates despite a softer US inflation report.
US stocks: US market indexes fall over 1%, dragged by tech and Iran war worries
Major US stock markets experienced a significant drop on Wednesday. Chipmaker stocks continued their decline, while new tensions between the US and Iran added to investor worries. The S&P 500, Nasdaq Composite, and Dow Jones Industrial Average all saw substantial losses. Investors are also considering potential interest rate hikes and taking profits in the tech sector.
Gold slides 3% as Middle East escalation fuels inflation, rate-hike concerns
Gold prices dropped over 3% as escalating U.S.-Iran tensions fueled inflation and interest rate hike fears. Investors awaited key U.S. data, including the Producer Price Index, to gauge the Federal Reserve's monetary policy. Despite recent consolidation, inflation and central bank buying continue to support gold.
US stocks slump after fresh sell-off in tech stocks; Nasdaq down over 1%
Wall Street's major indices declined as weakness in technology stocks and escalating US-Iran tensions overshadowed inflation data that met expectations. Investors reassessed AI-related valuations, while geopolitical risks and concerns over prolonged higher interest rates dampened overall market sentiment.
Why is US stock market down today? Dow Jones, S&P 500 and Nasdaq fall as inflation hits three-year high and Iran tensions shake Wall Street - Nvidia, Amazon and technology stocks leading today's decline
US stock market is under pressure again. Investors woke up to another sharp decline in the Dow Jones, S&P 500 and Nasdaq after fresh inflation data reminded Wall Street that the fight against rising prices is far from over. The Dow Jones Industrial Average dropped more than 450 points, falling below 50,450 during morning trading. The S&P 500 slipped over 40 points, while the Nasdaq lost nearly 200 points as technology stocks once again led declines. At the same time, the VIX volatility index jumped almost 7%, signaling growing fear among investors.
US Stocks: US markets dips as tech declines, Middle East tensions mount
U.S. stock indexes opened lower on Wednesday, continuing a selloff in technology stocks. Renewed U.S.-Iran tensions also weighed on the market, overshadowing a tame May inflation reading. The Dow, S&P 500, and Nasdaq all saw declines at the opening bell.
CPI Inflation data report today impact on bonds: Check latest 2-year U. S treasury yield, 10-year U. S treasury notes
U.S. consumer inflation increased at its fastest pace in three years in May as the Middle East conflict raised the price of gasoline and other energy products, giving more ammunition for the Federal Reserve to keep interest rates unchanged into 2027.
US inflation hits three-year high at 4.2% in May amid high energy prices
America's consumer prices surged in May, reaching their highest in three years. This jump, fueled by rising gasoline costs due to Middle East conflict, gives the Federal Reserve reason to hold interest rates steady. Inflation is outpacing wages, impacting household finances. This economic trend presents challenges for President Donald Trump's administration ahead of upcoming elections.
Global markets: Australian shares rebound as banks and consumer stocks rally
Australian shares rebounded on Wednesday, driven by gains in banks and consumer stocks, as softer economic data eased rate hike expectations. The S&P/ASX 200 index rose 0.6%, with markets now pricing in earlier rate cuts. Miners and gold stocks, however, faced declines.
Higher gasoline prices likely pushed up US consumer inflation again in May
May is poised to bring a notable rise in consumer prices across the United States, signaling the steepest hike in three years. Fueled by escalating energy costs, this inflation surge may prompt the Federal Reserve to hold current interest rates. Families could experience mounting financial burdens as prices rise faster than their earnings.
Why are oil prices up, while gold, silver prices down today along with upcoming US stock market futures crash? US attack, Iran tensions, inflation fears and market reaction explained
Why are oil prices up, while gold, silver prices down today along with upcoming US stock market futures crash? Global markets moved in different directions after fresh U.S. strikes against Iran increased geopolitical tensions. Oil prices gained as supply concerns returned. Gold and silver prices fell as the U.S. dollar strengthened and expectations for Federal Reserve rate hikes increased. U.S. stock market futures also moved lower as investors assessed war risks, inflation data, and uncertainty surrounding interest rates and technology stocks.
Gold drops as oil climbs on renewed US-Iran hostilities
Gold prices dropped over 1% as rising oil prices, fueled by renewed U.S.-Iran hostilities, heightened inflation and interest rate hike concerns. Traders are now pricing in a high probability of a Federal Reserve rate increase by December. Key U.S. inflation reports are anticipated this week.
FOREX-Dollar steadies following US strikes on Iran and ahead of inflation data
The dollar held steady as U.S. strikes on Iran followed a helicopter incident, though President Trump downplayed the event. Investors await U.S. inflation data for Federal Reserve policy clues. Meanwhile, the yen weakened as Japan's wholesale prices surged, with markets anticipating a Bank of Japan rate hike.
US stocks: S&P 500, Nasdaq fall as tech selling resumes, Trump vows to react to downed US helicopter
U.S. stocks fell Tuesday as technology shares reversed earlier gains amid renewed selling pressure. President Trump's vow to respond to Iran shooting down a U.S. helicopter added to Middle East war concerns. Investors also eyed upcoming inflation data and the highly anticipated SpaceX IPO.
US stocks: US market rises as tech shares gain, Middle East tensions ease
Wall Street indexes opened higher on Tuesday, driven by a second consecutive day of gains for chipmakers. Easing Middle East tensions also contributed to positive market sentiment. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all saw increases at the opening bell.
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