stocks, debate, inflation, debate, trump, harris
Money Map Press Chief Investment Strategist Shah Gilani shares his thoughts on Trump and Harris' debate performance and its potential impact on the US economy. U.S. stocks were wildly volatile on Wednesday as investors wavered between the Federal Reserve's looming interest rate cuts and the race for the White House following a key debate between […]
Stocks Plunge After Presidential Debate and Higher Core Inflation
Investors appeared to reassess the risks of Kamala Harris winning the presidential election on Wednesday, with major stock indexes dropping sharply the morning after she debated Donald Trump. The Dow Jones Industrial Average fell more than 550 points, or 1.4%, while the S&P 500 lost 1.1% and the Nasdaq Composite Index lost 0.70%. Harris has […]
Dow drops over 600 points as inflation data dashes hopes for big Fed rate cut
Wall Street's main stock indexes fell on Wednesday after the latest inflation reading beat expectations of further interest rate cuts from the Federal Reserve, while Democrat Kamala Harris' chances of winning the presidential election rose following the televised debate. In recent trading, the Dow Jones Industrial Average fell 635 points, or 1.6%, to 40,102. The […]
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% […]
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 […]
EXCLUSIVE: Heritage Launches Personal Inflation Calculator Any American Can Use After Debate Night
The Heritage Foundation launched an inflation calculator on Monday to help Americans calculate how much prices have risen on their personal spending, information first obtained by The Daily Caller. “My InflationAccording to a preview of the website obtained by The Daily Caller, the Heritage Foundation's “Spending Forecast” first asks Americans to select the region of […]
Donald Trump Claims U.S. Tariffs Did Not Cause Inflation
CLAIM: Former President Donald Trump said during Tuesday night's presidential debate that U.S. import tariffs aren't to blame for record inflation under President Joe Biden and Vice President Kamala Harris. Verdict: It's true. Studies have repeatedly shown that there is no connection between tariffs on U.S. imports and the ongoing inflation that is sapping the […]
Inflation may hurt Apple’s iPhone sales this year: survey
Nearly two-thirds of U.S. shoppers say persistent inflation will prevent them from buying a new phone this year, according to a survey released Tuesday, which could hurt sales of Apple's latest iPhones. investigation From WalletHub The survey also found that nine in 10 people believe the iPhone is too expensive. “When everyday living costs are […]
Job Creators Network Calls Out Democratic Spin on Energy, Food, and Rent Inflation Ahead of Debate
The Job Creators Network, America's largest small business advocacy group, has installed a rotating billboard in Times Square to highlight the harsh economic realities facing millions of Americans under the administration of President Joe Biden and Vice President Kamala Harris. The giant ad aims to “dismantle the Democratic campaign's pitch by showing that consumer prices […]
Currencies tread with caution ahead of US inflation test By Reuters – Investing.com
Ankur Banerjee SINGAPORE (Reuters) – The dollar was steady in early trade on Tuesday but the yen edged down from a one-month high as investors braced for U.S. inflation data and reassessed expectations of bigger interest rate cuts by the Federal Reserve starting next week. Friday's labor report did not provide any clear justification for […]