Monday, 22 January, 2018

Falling energy prices hold U.S. consumer inflation to 0.1% in December

December CPI inflation over 5.2% dashing hopes of RBI rate December CPI inflation over 5.2% dashing hopes of RBI rate cut
Preston Stone | 12 January, 2018, 17:04

However, economists believe the central bank may be forced to accelerate that pace if there are hints that inflation is beginning to rise more rapidly, given that unemployment continues to hover at 17-year lows. The US central bank hiked borrowing costs three times in 2017.

The cumulative growth in these three sectors during April-November 2017 over the corresponding period of 2016 was 3.0 percent, 3.1 percent and 5.2 percent respectively.

According to some economists, the latest rise in core inflation provides some incentive to raise interest rates.

"The rise in housing inflation is likely to be persistent, while rising crude oil prices pose another risk".

Avery Shenfeld, senior economist at CIBC World Markets, said that the USA dollar could see some momentum Friday following CPI data.

The Business Inventories for November, compiled by the Commerce Department, is expected to grow 0.3%, compared to decline of 0.1% in the prior month.

However, monthly core inflation, which strips out volatile food and energy costs, rose 0.3%, following a 0.1% advance in November.

Deadpool 2 Taking On Star Wars Han Solo; Gambit Loses Director
However, one of the film's producers Lauren Shuler Donner said Miller would not be replaced. Fans of the franchise can be forgiven for finding these developments a little troubling.

The pullback in energy prices came as gasoline prices tumbled by 2.7% in December following a 7.3% jump in the previous month. Food prices rose 0.2% after being unchanged for two straight months.

Prices of medical care rose 0.3%, as the index for prescription drugs advanced 1%.

The producer price index for final demand edged down by 0.1% in December after climbing by 0.4% in November.

On Thursday, the Labor Department released a separate report unexpectedly showing a modest decrease in producer prices in the month of December.

Excluding food and energy prices, core producer prices still dipped by 0.1% in December following a 0.3% increase in November.

Last month's increase in retail sales and the sharp upward revision to November data bolsters economists' expectations of an acceleration in consumer spending in the fourth quarter.

Recommended

  • Seal Just Called Out Oprah over Harvey Weinstein

    Seal Just Called Out Oprah over Harvey Weinstein

    Seal has accused Oprah Winfrey of knowing about Harvey Weinstein's history of sexual abuse in an Instagram post . In fact, Model Chrissy Teigen came to Winfrey's defense and hit the singer with the best response.
    Sweet Home Alabama: Toyota And Mazda Building New $1.6 Billion Plant

    Sweet Home Alabama: Toyota And Mazda Building New $1.6 Billion Plant

    USA sales of small cars fell almost 10 percent previous year as buyers continued a massive shift toward SUVs and pickup trucks. This morning, the president tweets his congratulations to the state for landing the future Toyota-Mazda plant.
    Women who didn't wear black to the Golden Globes

    Women who didn't wear black to the Golden Globes

    And, considering Oprah's whole speech was pretty much a jab at the patriarchy, we understand people's overall confusion. Meryl Streep, 68, wants Winfrey to run, adding: "I don't think she had any intention but now she doesn't have a choice".
  • Marriott apologizes after listing Taiwan, Tibet as countries

    Marriott apologizes after listing Taiwan, Tibet as countries

    Marriott president and chief executive Arne Sorenson soon issued a lengthy apology letter, which described the like as "careless". It triggered an uproar on Chinese social media as Tibet is an "autonomous region" firmly under Chinese control since the 1950s.
    Kirby: Star Allies Switch Release Date Set For March, Demo Out Now

    Kirby: Star Allies Switch Release Date Set For March, Demo Out Now

    The story mode will have players traveling across the Mushroom Kingdom participating in matches, minigames, and boss battles. It was leaked in the hours and days before the Direct, but the original Dark Souls is coming to the Switch indeed.
    Man wanted in Charlotte murder 'ambushes' police, shot dead at headquarters

    Man wanted in Charlotte murder 'ambushes' police, shot dead at headquarters

    Detectives say Bennett was believed to have taken the 2-month-old girl with him when he left the scene. Police say they had a child together. "It's obvious he knew we were looking for him", Putney said.
  • Conte eyes Chelsea exit, ex-Barcelona boss on shortlist to replace him

    Conte eyes Chelsea exit, ex-Barcelona boss on shortlist to replace him

    Max Allegri of Juventus and Luis Enrique , who quit as Barcelona boss previous year , are the leading contenders to replace him. The Premier League champions are expecting Antonio Conte to call it quits after the ongoing campaign.
    MI  made great again with $1 BILLION Chrysler Investment

    MI made great again with $1 BILLION Chrysler Investment

    The company said the investment announced Thursday is separate from a 2015 labor deal with the United Auto Workers union. Fiat/Chrysler says the tax plan will also mean the return of manufacturing jobs to the US from Mexico.
    Is Eden Hazard close to a new Chelsea deal?

    Is Eden Hazard close to a new Chelsea deal?

    While Hazard's comments seem like firm confirmation, he and Courtois have both put the onus on the other to sign first in the past.
  • Large Amounts of Water Ice Found Beneath Mars' Surface

    Large Amounts of Water Ice Found Beneath Mars' Surface

    Geological Survey, the nonprofit Planetary Science Institute, Georgia Tech, Johns Hopkins University and the University of Texas. In 2008, researchers even captured a full-scale avalanche on Mars as it plunged down a 2,300-foot slope into a valley.
    India's Infosys Profit Rose 38% Last Quarter

    India's Infosys Profit Rose 38% Last Quarter

    A Bloomberg poll projected Infosys net profit and revenue at Rs 3,610 crore and Rs 17,842 crore respectively in Q3FY18. The company's dollar revenue growth stood at 1 per cent and constant currency revenue at 0.8 per cent QoQ.
    Netflix Dropped a Wildly Dark NSFW Trailer for Its Latest Series

    Netflix Dropped a Wildly Dark NSFW Trailer for Its Latest Series

    Watch the first trailer for the series below to see what we're talking about, but beware that the language is NSFW. During their trip, Alyssa begins to develop feelings for James but later discovers that James wants to kill her.

Millie Bobby Brown to Play Sherlock Holmes' Sister Enola Holmes Millie Bobby Brown to Play Sherlock Holmes' Sister Enola Holmes Instead, in the novels, the young headstrong amateur detective is at first mainly concerned with finding her mother. Brown was the breakout star on " Stranger Things ", which launched on Netflix in 2016.

Young Texas Church Shooting Victim Finally Returns Home after Months in Hospital Young Texas Church Shooting Victim Finally Returns Home after Months in Hospital A gunman opened fire at a Sunday service killing 26 people and injuring 20 more in Sutherland Springs, Texas , on November 5. Ryland's stepmother, Joann Lookingbill Ward, was among the dead as well as her daughters Brooke, 5, and Emily, 7.

Canada Draws Line in Trade Dispute with Trump Canada Draws Line in Trade Dispute with Trump Freeland insisted NAFTA talks are on a separate track from the ongoing dispute with the USA over softwood lumber. On NAFTA, Freeland said she remains optimistic that a deal can be reached.

LeBron James, Stephen Curry lead NBA All-Star voting in second fan returns LeBron James, Stephen Curry lead NBA All-Star voting in second fan returns Stephen Curry passed Golden State Warriors teammate Kevin Durant in overall voting and would be team captain if votes ended today. For the last two frontcourt spots, I chose Anthony Davis who is now second in frontcourt voting and Pual George.

Cruise AV: GM Removes the Steering Wheel Cruise AV: GM Removes the Steering Wheel If NHTSA gives the approval, General Motors Co . will still require permission from states to run the cars without steering wheel. It has filed a petition with the National Highway Traffic and Safety Administration to test the robocars.

Everton readying £20 million offer for Arsenal attacker Everton readying £20 million offer for Arsenal attacker Tosun told the club's official website: "I can say that I am a very good and risky striker when I am in the penalty box". Asked if the move was motivated by Walcott's global ambitions, Wenger said: "Yeah of course, everyone wants to play".

Report claims hackers could start a nuclear war through vulnerable weapons systems Report claims hackers could start a nuclear war through vulnerable weapons systems The M-28 Davey Crockett was America's smallest nuclear capable weapon, with a yield between 10 and 20 tons TNT equivalent. The largest nuclear weapon now in America's is the B83, with a maximum yield of 1.2 megatons of TNT.

Taylor Swift Releases The FULL Music Video For End Game! WATCH! Taylor Swift Releases The FULL Music Video For End Game! WATCH! The singer teased a short trailer for " End Game " on Instagram this morning, and fans are already flipping out. I have to admit, the video looks pretty with all the bright lights and late night parties.

Armed Robbers Steal Jewelry Worth $5m From Ritz Paris Hotel Armed Robbers Steal Jewelry Worth $5m From Ritz Paris Hotel Three suspects inside threw bags of goods out a window to at least two accomplices outside, according to a police official. The hotel was bought in 1979 by Egyptian billionaire Mohamed Al-Fayed, whose son Dodi was also killed in the fatal crash.

Jacksonville Jaguars CB Jalen Ramsey limited in practice Jacksonville Jaguars CB Jalen Ramsey limited in practice In the receiving end, Keelan Cole posted 715 yards and three touchdowns while Marqise lee added 702 yards and three touchdowns. Ben Roethlisberger passed for more than 300 yards, but he also threw five interceptions and did not have a touchdown pass.

Alleged Galaxy S9 retail box surfaces, reveals key features Alleged Galaxy S9 retail box surfaces, reveals key features The Samsung Galaxy S9 is going to be unveiled next month at MWC 2018 which starts on February 26. The image, which has surfaced on Reddit, details various key specifications of the Galaxy S9.

Second Day of Protests Over Child Rape and Murder Second Day of Protests Over Child Rape and Murder Paramilitary forces were called to the city of Kasur near the Indian border, Punjab provincial police said. Ihtisham ul Haq, summed up many people's exasperation at a lack of progress in finding the killer.

Trains to Nottingham delayed after huge fire breaks out at station Trains to Nottingham delayed after huge fire breaks out at station A tram service has also been disrupted into the city due to a separate incident. We will continue to assist the emergency services in any way that we can.

Nollywood Actress, Funke Akindele, to Star in Hollywood's 'Avengers: Infinity Wars' Nollywood Actress, Funke Akindele, to Star in Hollywood's 'Avengers: Infinity Wars' New Avengers 4 set photos tease the return of Tony Stark's Captain America: Civil War technology dubbed B.A.R.F. She might feature alongside Hollywood hot shots, Don Cheadle, Chris Pratt, Scarlett Johansson and others.

Chaotic reshuffle saps Theresa May's momentum Chaotic reshuffle saps Theresa May's momentum However, according to The Daily Telegraph , Brexiteer MPs were "dumbfounded" by Mrs May's decision to not go ahead with the role. Theresa May also appointed Maria Caulfield, who opposed legislation to decriminalise abortion, as the Tory vice chair for women.