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 […]
August jobs report breakdown: Which industries hired the most workers?
Kenny Polcari, chief market strategist at SlateStone Wealth, appeared on “Varney & Co.” to react to August's unemployment rate. Increased employment GDP rose slightly in August but fell short of economists' expectations as job losses in manufacturing, retail and other sectors partly offset gains in other sectors. In its monthly employment report released on Friday, […]
Wall Street hits session low, yields fluctuate as market digests mixed August jobs report – Seeking Alpha
U.S. stocks came under downward pressure on Friday and Treasury yields were slightly more volatile after mixed August jobs data sparked a debate over the size of interest rate cuts the Federal Reserve plans to make later this month. Futures initially pared losses before the open after the nonfarm payrolls data was released. Meanwhile, Treasury […]
U.S. Added 142,000 Jobs in August, Earlier Months Revised Down, Manufacturing Jobs Crash
U.S. job growth in August was much weaker than expected and the previous month's job gains were also revised downward, suggesting the labor market is even weaker than it appears. The Labor Department said Friday that the economy added 142,000 jobs. Economists had expected payrolls to rise to 160,000 that month. The employment forecast for […]