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Tag: inflation

U.S. Inflation Hits 2.9% In July, Opening Possibility For Fed To Start Cutting Rates

(Photo by Brandon Bell/Getty Images) By James Myers, OAN StaffWednesday, August 14, 2024 8:18 AM U.S. inflation rose 2.9% year-on-year in July, below expectations, raising the possibility that the Federal Reserve will finally start cutting interest rates next month. advertisement The Bureau of Labor Statistics said the consumer price index rose 0.2% from the previous […]

Theme park revenues take a dive as inflation, high costs bite

Rich Greenfield, partner at LightShed Ventures, gives more details on amusement park revenue on The Claman Countdown. Inflation and rising costs continue to strain household finances in the United States, causing some major theme park operators to see revenue declines. Disney, Universal and Six Flags all reported declines in theme park revenue for the second […]

US inflation hits 2.9% in July, paving way for Fed to start cutting rates

U.S. inflation rose 2.9% year-on-year last month, slightly weaker than expected, raising the possibility that the Federal Reserve will finally start cutting interest rates next month. According to the Bureau of Labor Statistics, the consumer price index rose 0.2% from the previous month in July, just below the 3% year-on-year increase that economists had expected, […]

Inflation Revived In July as Housing Prices Continue To Rise

Inflation rose in July, reversing a decline in prices the previous month, but remained muted enough to ensure the Federal Reserve cuts interest rates next month. The Bureau of Labor Statistics said Wednesday that the consumer price index rose 2.9% in July from a year earlier. The government’s main inflation measure rose 3% from a […]

Annual inflation falls below 3 percent for first time since March 2021

The Labor Department said Wednesday that consumer prices rose 0.2% in July after remaining flat or falling for two straight months. The Consumer Price Index (CPI) also grew at a slower clip in July from a year earlier, to 2.9%, down from 3% in June and falling below 3% for the first time since March […]

Futures tread water ahead of key inflation report – Yahoo Finance

(Reuters) – Futures tracking the S&P 500 stock index took a breather on Wednesday after the index rose for a fourth straight day as investors cautiously waited for a key inflation report that could provide clues about the pace of the Federal Reserve’s interest rate cuts. Nasdaq 100 futures fell 0.1% and Alphabet Inc. was […]

‘Rubber-stamped’: Key Dem hit over Biden-Harris support on border, inflation

First appearance on FOXNevada Sen. Jacky Rosen, a Democrat whose future in Congress is uncertain, is facing scrutiny for her support of President Biden and Vice President Harris, particularly over their efforts to tackle inflation and illegal immigration, ahead of a close Senate election in her state in November. “Jacky Rosen approves of over 95% […]

July’s Food Inflation Leaves Families Hungry for Relief

Food inflation makes an unwelcome return Just when you thought it was safe to go back to the grocery store… Food inflation is picking up steam again. The Producer Price Index (PPI) for food rose 0.6% in July, the biggest increase since February. On an annualized basis, This equates to a food inflation rate of […]