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 […]
Holiday sales to grow at slowest pace since 2018; inflation wipes out consumers’ savings
U.S. holiday sales are expected to grow at the slowest pace since 2018 amid concerns that persistent inflation will wipe out consumer savings, according to a new survey. Holiday retail sales are projected to grow 2.3% to 3.3% from November through January, totaling $1.6 trillion. According to Deloitte's annual holiday retail forecast. That's a far […]
When Trump Imposed Tariffs, There Was Low Inflation
Republican vice presidential nominee Sen. J.D. Vance of Ohio said on CNBC's “Squawk Box” on Thursday that then-President Donald Trump did not cause inflation when he imposed tariffs. Vance said, “One of the classic examples that economists use to attack Donald Trump's economic policies is the tariffs that he put on washing machines and other […]
Stock market today: S&P 500, Nasdaq rise amid more signs of inflation cooldown – Yahoo Finance
U.S. stocks rose on Thursday as investors digested the latest inflation and labor data, testing lofty hopes for a quarter-point interest rate cut next week. The S&P 500 (^GSPC) rose 0.5%, the Nasdaq Composite Index (^IXIC) added 0.7% after a big closing gain led by tech stocks, and the Dow Jones Industrial Average (^DJI) added […]
Where is inflation the highest? Chicago and New York rank near the top
Eddie Ghabour, co-founder and CEO of Key Advisors Wealth Management, looks ahead to the Federal Reserve's long-awaited interest rate decision on “Varney & Co.” Americans face a very different situation. Inflation rate Inflation varies depending on where you live in the U.S., but the latest data shows that consumers in the Northeast and Midwest are […]
Argentina Measures 4.2% Inflation, Down from 25.5% When Javier Milei Took Office
Argentina's National Statistics and Census Institute (INDEC) announced on Wednesday afternoon that Argentina's inflation rate for August was 4.2%. INDEC Published The company released its latest detailed monthly report at 4 pm local time on Wednesday, explaining that the 4.2% inflation rate in August was an average taken from multiple sectors, with clothing and footwear […]
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% […]