Sherrod Brown is 8 points ahead of Husted in Ohio Senate poll amid rising inflation
Ohio Senate Race Dynamics Financial instability and voter unease about Republican Sen. Jon Husted’s ties with the president are influencing the Senate race in Ohio. Husted was appointed in 2025 after J.D. Vance became vice president, while former Democratic Sen. Sherrod Brown is hoping to reclaim his seat. Brown narrowly lost in 2024 to Bernie […]
Mortgage rates decrease following positive inflation updates
Mortgage Rates Hit Three-Week Low On Thursday, mortgage rates dropped to a three-week low, following a decline in bond yields. Recent data from the Bureau of Labor Statistics showing a slight easing in inflation since June has sparked optimism that the central bank might hold off on raising rates in its upcoming meeting on September […]
Producer Price Index Indicates No Inflation in July
The US Producer Price Index Shows Positive Signs The Bureau of Labor Statistics reported on Thursday that the producer price index (PPI) remained stable in July, in contrast to a 0.3% drop observed the previous month. Economists initially predicted a 0.2% increase in this broad measure of prices that businesses pay. Year-over-year, producer prices have […]
Stock futures show minimal fluctuations as traders look forward to additional inflation information: Live updates
European markets open Thursday trading in the green The pan-European Stocks 600 index climbed 0.15% just after 8:10 a.m. ET, as many sectors across the continent experienced uplifting trends, and major exchanges saw early gains. European banks increased by 0.8%, while sectors such as travel and leisure, household goods, and retail all rose by over […]
July’s Mild Inflation Report Should Make the Fed Pause
FRB Hawkdown It might be time to check on the Fed hawks; their momentum seems to have diminished. On Moderate inflation report, the figures released on Wednesday reinforced previous data, indicating that the Federal Reserve likely won’t need to increase interest rates this year. The consumer price index (CPI) rose by 0.1% in July compared […]
Crypto Market Update, Aug. 12: Bitcoin Falls Even with Easing Inflation
Cryptocurrency Market Update as of August 12 As of the evening of August 12, Bitcoin (BTC) was priced at $63,503.38, reflecting a decline of 0.3%. Ethereum rose slightly, up 0.2% to $1,884.51. In contrast, Solana dropped 0.4%, settling at $75.80. Overall, the market cap for cryptocurrencies dipped by 0.2%, bringing it down to $2.26 trillion. […]
Older adults might experience a smaller increase in Social Security benefits following the recent inflation report.
Social Security Increases May Be Smaller for Seniors There might be smaller increases in social security benefits for older adults after the latest payment adjustments. This follows a recent inflation report that suggests the annual cost of living has seen a slight decrease. The consumer price index, which measures the cost of various goods and […]
New estimates for Social Security COLA emerge following updated inflation figures
Cheryl Casson has reviewed the Consumer Price Index (CPI) inflation report for July, and it seems to meet expectations. He noted that both energy and gasoline prices are declining, coinciding with rising stock futures and new economic data coming from the Labor Department. Social Security recipients might see a higher cost-of-living adjustment (COLA) in 2027 […]
July Sees Further Drop in Inflation as Prices for Prescription Drugs, Gasoline, and Groceries Decrease
Consumer Prices Show Gradual Increase After June Decline The Consumer Price Index (CPI) saw a slight increase of 0.1% in July, following a drop earlier in June, according to the Labor Department. Year-over-year, this marks a 3.4% rise in consumer prices. This uptick aligns with what experts anticipated. In June, the CPI rose by 3.5% […]
Neel Kashkari believes the Federal Reserve should increase interest rates to combat inflation promptly.
Fed’s Interest Rate Discussion Heats Up During a recent conversation with Maria Bartiromo, Wall Street Journal’s chief economics correspondent, Nick Timiraos, addressed the Federal Reserve’s inflation forecast. He mentioned three significant wildcards that could influence the situation: tariffs, fluctuating energy prices, and a substantial boom in AI investments. On Wednesday, Neel Kashkari, the President of […]