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Consumer Price Index eases, but core inflation rises unexpectedly

A surprise rise in a measure of underlying inflation last month dampened hopes of a big interest rate cut at the Federal Reserve's meeting next week. According to the U.S. Bureau of Labor Statistics, the consumer price index rose 2.5% in August from a year earlier and 0.2% from the previous month, in line with […]

US Dollar (DXY) Index News: Greenback Slips as PCE Data Sparks Rate Cut Hopes – FX Empire

PCE report meets expectations The Federal Reserve’s (Fed) favorite inflation measure, the PCE price index, rose 0.1% month-on-month and 2.5% year-on-year in June, in line with consensus expectations. Core PCE, which excludes food and energy, rose 0.2% month-on-month and 2.6% year-on-year, also in line with expectations. These figures suggest that inflation is gradually declining but […]

Inflation unexpectedly rose to 2.7% in June in producer price index

Inflation as measured by the producer price index rose to 2.7% for the year ending in June, the Bureau of Labor Statistics reported Friday, some bad news for the Federal Reserve and President Joe Biden. Economists had forecast a slight rise in inflation from 2.2% in May. On a month-to-month basis, the producer price index increased by 0.2 percentage points, more than expected. […]

2 Index ETFs to Buy Hand Over Fist and 1 to Avoid – The Motley Fool

Trying to outperform the overall stock market with smart trades is one surefire way to end up underperforming the market. Let’s keep things simple. The temptation to chase the performance of the hottest stocks in the market is certainly strong. Everyone else seems to be getting rich on them. Why wouldn’t you? But as any […]

New study suggests replacing BMI with body roundness index to measure obesity

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