NEW YORK (Dow Jones)--An index designed to anticipate cyclical turning points in inflation fell back to the lowest level since July 2004 in May.
At the same time, a smoothed version of the annualized growth rate fell into negative territory at -1.8% compared to a positive reading of 2.3% in the April.
The Economic Cycle Research Institute said Friday that its Future Inflation Gauge decreased to 117.1 in May from a downward-revised 119.5 in April.
The gauge was pulled down in May by declines in measures of loans, commodity prices and supplier deliveries.
"The U.S. future inflation gauge has just dropped to a 10-month low. If this decline continues, U.S. inflation is likely to enter a cyclical downtrend," said Lakshman Achuthan, managing director at ECRI.
us inflation gauge
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add DOW (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$4.74 |
Change
0.050(1.07%) |
Mkt cap ! $3.183B | |||
| Open | High | Low | Value | Volume |
| $4.72 | $4.74 | $4.65 | $10.74M | 2.269M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 40553 | $4.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.75 | 19919 | 6 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| DOW (ASX) Chart |