Retail Sales Unexpectedly Rose in August, Lowering Chances of a Bigger Rate Cut
U.S. consumers unexpectedly increased spending in August, defying expectations that a softening labor market would dampen retail purchases. Retail sales rose 0.1% in August, Commerce Department data released Tuesday showed, after an upward revision to a 1.1% increase the previous month. While rising sales are unlikely to derail the Federal Reserve's plans to cut interest […]
Border Patrol apprehends 58K migrants in August, down from record 250K in December
As the November presidential election approaches, U.S. Customs and Border Protection (CBP) announced that the annual number of migrants at the southern border is expected to be the lowest since the end of the Trump administration, while the total number of deportations and removals over the past year is exceeding Trump administration levels. The agency […]
Inflation hits 2.5% in August, keeping the Fed on track to lower interest rates
Inflation is slowing and the Fed is likely to cut interest rates in September. (iStock) Annual inflation continued to rise slowly in August toward the 2% target rate set by the Federal Reserve. Consumer Price Index The Consumer Price Index (CPI) released by the Bureau of Labor Statistics (BLS). Prices rose 2.5% year-on-year in August, […]
Inflation Picked Up Again in August, Producer Price Index Shows
A key measure of U.S. inflation showed prices rising faster in August than the previous month, with prices of services rising sharply while prices of goods remained steady. The Producer Price Index (PPI), a measure of final demand, rose 0.2% from the previous month, beating the expected 0.1% increase, although the previous month's figure was […]
Wholesale price figure rises unexpectedly in August
Core wholesale prices, which exclude volatile food and energy prices, rose more than expected, further dampening hopes for a 50 basis point rate cut next week. The U.S. government's producer price index, which tracks the costs of goods and services from domestic producers, rose 0.2% last month, in line with economists' expectations, according to a […]
Inflation slides in August, beating expectations
The Consumer Price Index (CPI) rose 0.2 percentage points in August, slowing to a 2.5 percent year-on-year increase from July's 2.9 percent increase. The rate of decline was less than expected as prices fell more than expected. The “core” CPI, which excludes volatile food and energy prices, was stable from July to August at 3.2% […]
August 2024 CPI report | Fox Business
Former Treasury Secretary Steven Mnuchin responded to the former president's speech about Kudlow at the Economic Club of New York. Inflation fell to its lowest level in more than three years in August, strengthening the case for the Federal Reserve to cut interest rates next week even as prices remain uncomfortably high for millions of […]
Small business confidence dipped in August amid rising election uncertainty
Rep. Maria Salazar (R-FL) spoke about Vice President Kamala Harris' proposal to help small businesses and Speaker Johnson's expected move to link the SAVE Act to federal funding. Small business trust Stocks fell in August, reversing gains from the previous month, due to growing uncertainty ahead of the Nov. 5 presidential election and expectations of […]
Ohio homeowner Marianne Peters faces backlash from Fairfield neighbors for setting up extravagant Halloween display in August
Halloween fanatics in Ohio have angered their neighbors by starting to put up extravagant decorations months before the spooky night. Marianne Peters' “Nightmare on Bibury Street” has been a festive staple in the Fairfield community for seven years, but this year not everyone is buying into her fun garden of skeletons. According to Fox 19. […]
Kamala Harris Campaign Raises $300 Million in August
Vice President Kamala Harris' presidential campaign raised more than $300 million in August, more than double the amount raised by former President Donald Trump's campaign. Harris is Raise The big investment came after President Joe Biden announced on July 21 that he would not seek the Democratic nomination. According to two sources familiar with the […]