Inflation Climbed At Moderate Pace In July as Consumer Spending Picked Up
Consumer prices rose at a slightly faster pace last month than the month before, Commerce Department data released Friday showed. The personal consumption expenditures price index rose 0.2% in July from June, accelerating from June's 0.1% increase from May, the acceleration was in line with economists' expectations. Over the past year, the personal consumption expenditures […]
Fed’s preferred inflation gauge ticked up in July as likely interest cut looms
The Federal Reserve's preferred measure of inflation rose slightly last month and consumer spending also grew robustly, suggesting the economy remains strong and providing a case for the central bank to oppose a half-percentage-point interest rate cut next month. The Commerce Department said on Friday that the personal consumption expenditures (PCE) price index rose 0.2% […]
Inflation measure closely watched by the Fed rises 2.5% in July
Mark Heppenstall, chief investment officer at Penn Mutual Asset Management, joins “Mornings with Maria” to share his thoughts on some of the headlines in the U.S. economy. The inflation indicator is Federal Reserve System It rose slightly in July as rising prices continue to weigh heavily on millions of Americans. The Commerce Department said Friday […]
Inflation holds steady as Fed nears rate cuts
Inflation held steady in July as U.S. households increased spending and saw their incomes rise slightly, according to data released Friday by the Bureau of Economic Analysis. The personal consumption expenditures (PCE) price index, the Federal Reserve's preferred way of measuring inflation, rose 0.2% last month and 2.5% over the past year. Both the monthly […]
Dollar edges higher ahead of key data; euro weakens on German inflation – Investing.com
Investing.com – The US dollar rebounded from recent lows and edged higher on Thursday ahead of a series of key economic data, while the euro fell. As of 4:10 a.m. ET (9:10 a.m. GMT), the dollar index, which indexes the greenback against six other currencies, was trading up 0.2 percent at 101.182 after falling to […]
Gold prices rise, keep record highs in sight as inflation test approaches – Investing.com
Investing.com — Gold prices rose in Asian markets on Thursday, hovering near record highs as the dollar's rebound slowed ahead of the release of a key inflation reading that is likely to influence prospects for interest rate cuts. Safe-haven demand also boosted gold prices, especially after disappointing earnings results from market darling Nvidia Corporation (NASDAQ:) […]
Smucker’s, Jif peanut butter owner slashes full-year outlook amid stubborn inflation
J.M. Smucker Co., owner of Jif Peanut Butter, on Wednesday cut its full-year sales and profit outlook, hurt by rising inflation as cost-conscious consumers turn to cheaper alternatives. The company has raised prices on some products, including frozen foods, to offset rising raw material costs, but expects full-year sales to fall as consumers cut back […]
Gold prices pulled off record high as dollar recovers amid inflation watch – Investing.com
Investing.com — Gold prices edged lower in Asian markets on Wednesday as the dollar recovered from a 13-month low, but attention was focused on upcoming key inflation data for further clues on interest rates. But gold remains on track to hit a record high this month as geopolitical worries boost demand as a safe-haven asset […]
After the convention, only three things matter for the Harris campaign: inflation, immigration and Israel
With the excitement of the Democratic National Convention quickly fading, Democrats must face the fact that Americans care deeply about only a few important issues. All the convention jubilation will not quench the political establishment's thirst for clear answers on issues of daily concern and national importance. The success of the Harris-Waltz presidential campaign will […]
European Stocks Muted With Focus on US Inflation, Nvidia Results – Yahoo Finance
(Bloomberg) — European stocks erased modest gains on Tuesday as investors refrained from making big bets ahead of U.S. inflation data and Nvidia Inc. earnings later this week. Most read articles on Bloomberg The Stoxx 600 index was flat at 11:25 a.m. London time, having risen 0.4% earlier, led by the auto and mining sectors […]