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 […]
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 […]
Scottie Scheffler reveals eye-popping handicap index he uses when not playing PGA Tour events
Atlanta — Official USGA HandicapNow you can pit your index against the best players in the world. Ahead of this week's Tour Championship, where he starts two strokes behind, Scottie Scheffler revealed he has an astonishing plus-seven index. For those who don't know what that means, Scheffler has to return seven strokes to the course […]
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. […]
Bitcoin index falls to ‘extreme fear’ as BTC fails twice to breach $60K – Cointelegraph
The Crypto Fear and Greed Index, a gauge that tracks market sentiment towards Bitcoin and cryptocurrencies, fell to “extreme fear,” its lowest level since January 2023. The Crypto Fear and Greed Index fell to “Extreme Fear” for the first time in 18 months. Source: Alternative.me The sharp drop came as the price of Bitcoin (BTC) […]
US Dollar Index climbs to fresh two-month top ahead of the key US PCE data – FXStreet
DXY regained positive momentum amid some repositioning ahead of the US PCE Price Index release. Recent hawkish comments from Federal Reserve officials support one rate cut this year. Therefore, any significant inflation data will play a key role in moving the US Dollar in the near term. The US Dollar (USD) rose to a two-month […]
S&P 500 futures fall slightly after the broader index rises for a second day: Live updates – CNBC
33 minutes ago GSK falls after CDC recommends RSV vaccination GSK shares fell more than 1% in morning trading after the CDC suspended its recommendation for respiratory syncytial virus (RSV) vaccinations for adults under 60. The move followed a 3% drop the previous day, putting GSK on track for a third straight day of declines. […]
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 […]
This stock index – which you maybe never heard of – is nearly as vibrant as tech
With AI hype sweeping the stock market, you could probably guess that the technology sector will be the best-performing global equity sector this year. And you’d be right. But which sector is trailing just a little behind? Call, text, email or otherwise message your broker. This is a funny index of what is called a […]