Advertisement
Advertisement
Advertisement
Avatrade
Advertisement
24Option
XM.com - Trade Forex with up to 1:500 Leverage and up to $5000 Bonus.
FXRank technical section offers a profound and in-depth text and video Forex and Commodities technical analysis reports done by professional analysts with a great understanding of the market
Advertisement

US CPI: Tariffs drive goods prices higher, but overall impact to should be fairly small – Wells Fargo

Written by By Matías Salord | 2019-08-13 16:04:28 GMT

Data released today showed that the Consumer Price Index rose in the US during July 0.3%, in line with expectations and the core index also climbed 0.3%. Analysts at Wells Fargo point out that while a few details suggest that the pace overstates the trend, it is clear tariffs are beginning to drive goods prices higher. 

Key Quotes: 

“Consumer prices heated up in July, rising 0.3%. As expected, energy prices gave a pump to the headline, while food prices were flat. More striking was another strong gain in core prices, which pushed the year-over-year rate back up to 2.2%.”

“There were a number of signs that the upping of tariffs on about $250B of imports from China to 25% from 10% this summer is beginning to feed through to core goods and drive consumer prices higher.”

“While the FOMC has been seeking higher inflation, tariffs were not how it wanted to get it. Assuming inflation expectations are not altered, tariffs provide only a temporary boost to inflation after the initial lift to the price base, while weighing on broader growth prospects. Although inflation has firmed, we expect the Fed to continue to focus on the downside risks to growth amid the tumultuous global backdrop, and cut the fed funds rate again at its September meeting.”
 

Author

By Matías Salord

Start Trading With Top Industry Brokers

Broker Profile Open Account
CapitalIndex
  • Minimum Deposit: 50 USD
  • Leverage of up to 1:500
  • Broker Type : STP
  • Regulation : FCA (UK), ASIC, SCB
  • capitalindex
    XM
  • Minimum Deposit: 5 USD
  • Leverage of up to 1:30
  • Leverage applies to all EU regulated entities of the group. Leverage depends on the financial instrument traded.
  • Broker Type : Market Maker
  • Regulation : CySEC,ASIC ,FCA
  • XM
    octafx
  • Offer: 50% Deposit Bonus
  • Minimum Deposit: 50 USD
  • Leverage of up to 1:500
  • Broker Type : ECN/STP & STP
  • Regulation : FCA (UK), 679306 IFSA (St. Vincent and Grenadines), 19776 IBC 2011
  • octafx

    The Best Crypto to Crypto

    Exchanger Advantages Open Account
    binance
  • Safety Stability: Multi-tier & multi-cluster system architecture
  • Binance charges a quite low commission fee
  • Multiple-Coin Support : BTC, ETH, LTC, BNB...
  • High Liquidity
  • Multiple-Language Support
  • binance
    changelly
  • Instant cryptocurrency exchange
  • More than 500,000 satisfied users
  • Changelly charges a quite low commission fee
  • Safety Stability
  • changelly
    bitmex
  • Bitmex - Bitcoin Mercantile Exchange is a cryptocurrency derivatives trading platform.
  • Bitmex charges a quite low commission fee
  • Safety Stability
  • changelly

    Best Brokers to Trade Crypto

    Broker Profile Open Account
    CapitalIndex
  • Minimum Deposit: 50 USD
  • Leverage of up to 1:500
  • Broker Type : STP
  • Regulation : FCA (UK), ASIC, SCB
  • capitalindex
    XM
  • Minimum Deposit: 5 USD
  • Leverage of up to 1:30
  • Leverage applies to all EU regulated entities of the group. Leverage depends on the financial instrument traded.
  • Broker Type : Market Maker
  • Regulation : CySEC,ASIC ,FCA
  • XM
    HotForex
  • Offer: 100% Deposit Bonus
  • Minimum Deposit: 50 USD
  • Leverage of up to 1:500
  • Broker Type : STP
  • Regulation : CySEC, 183/12 FSC (Mauritius), 094286
  • HotForex

    Contact us
    fxrank.net@gmail.com