|Bid||54.49 x 100|
|Ask||54.51 x 1900|
|Day's Range||54.45 - 54.54|
|52 Week Range||54.07 - 56.10|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.05%|
The US Bureau of Labor Statistics reported that US consumer prices increased marginally in February. The year-over-year increase in core inflation (TIP) was reported at 1.8%, unchanged from the January reading. The inflation (VTIP) reading for February was largely in line with expectations, which is easing investor fears about interest rates rising too quickly and impacting the growth rate of equity investments and depressing the value of bonds (BND).
The January FOMC meeting minutes indicated that the staff and the members turned bullish on inflation. The confidence of the members about inflation reaching the 2% target over the medium term was evident with the minutes stating that the staff expects core inflation (TIP) growth could be notably faster in 2018. The minutes indicated that almost all the members were of the view that inflation could move up to 2% over the medium term with no major risks to that outlook.
The CPI (consumer price index) measures the changes in prices at a consumer level. The CPI is the weighted average price of a basket of goods and services at the consumer level. The CPI includes food, medical care (XLV), transportation, housing, apparel, recreation, education and communication, and other goods.
Each day, Benzinga takes a look back at a notable market-related moment that happened on this date. What Happened? On this day 21 years ago, the U.S. Treasury introduced the first Treasury Inflation-Protected ...
The CPI (consumer price index) measures the price changes at a consumer level. The PPI (producer price index), which we discussed in the previous part, tracks the prices at a wholesale level. The CPI is a weighted average price of a basket of goods and services at the consumer level.
The last statement from the US Fed, which was released with its recent rate hike decision, cited lower levels of inflation but hopes that the inflation target could be achieved in 2018.
A lower unemployment rate is one of the key objectives of the Fed. In 2017, the unemployment rate fell, reaching 4.1% in its latest November reading.
The pace of interest rate hikes and inflation rate growth have a profound influence on the US yield curve. The US Fed has been communicating its intent to increase interest…
Not all members of the FOMC, according to the minutes of the meeting, were on the same page with respect to a December interest rate hike.
Bostic dealt with various reasons that have been cited as reasons for the lower level of inflation—even questioning the common ones.
In the long run, Williams said it would be difficult to predict how markets would react to the Fed's balance sheet unwinding program.
Bullard said that the current growth rate in the US economy is likely to remain consistent with recent quarterly growth—near the 2% mark.
In her post-meeting press conference, US Federal Reserve Chair Janet Yellen seemed less worried than expected about the current state of US inflation.
Slow US inflation growth has been a concern for the US Fed and was one of the key reasons that the Fed raised interest rates only twice in 2017.
The consumer price inflation (CPI) data reported on Thursday indicated an increase of 0.4% in August. The year-over-year rate improved from 1.7% to 1.9% for August.
In its latest monetary policy statement, the Fed admitted it would take longer than expected for inflation to reach its 2.0% target.
Members of the FOMC (Federal Open Market Committee) attributed the recent slowdown in inflation growth to idiosyncratic factors.