Gold News: Can Upcoming Inflation Data Propel XAU/USD Prices to New Highs? – FX Empire
Weekly Gold (XAU/USD)Expectations of a Federal Reserve rate cut grow Market expectations for a Federal Reserve interest rate cut in September are solidifying, with traders putting the chances of a 50 basis point cut at 55%. This potential shift in monetary policy is a key driver of gold prices, as lower interest rates typically make […]
Credit card debt: Inflation, interest rates have more Americans carrying balances over – USA TODAY
With credit card interest rates sky-high, more Americans are taking on credit card debt every month, a new survey finds. Half of all credit card holders were surveyed in June as part of Bankrate’s latest research study. Credit card debt investigation That’s up from 44% in January and the highest level since March 2020, when […]
Burger King sales slump as customers pull back on fast food spending amid inflation
Burger King Inc.’s sales fell last quarter despite touting discounts on its menu as inflation-weary customers continued to avoid eating out, parent company Restaurant Brands Inc. said Thursday. The Toronto-based conglomerate, which also owns brands such as Tim Hortons, Papa John’s and Popeyes, said same-store sales at the Whopper maker fell 0.1 per cent and […]
‘Feel betrayed’: Top conservative group blasts vulnerable Dems on inflation in multimillion-dollar ad blitz
First appearance on FOXAmericans for Prosperity Action, the political arm of the powerful conservative network Koch, is launching a multimillion-dollar advertising offensive in battleground states to target vulnerable incumbent Senate Democrats and boost their Republican opponents ahead of the November election. The influential conservative group is spending $5.75 million on advertising in Wisconsin, Montana, Nevada, […]
Here’s how much more you can expect to spend on back-to-school shopping amid sticky inflation
A new survey finds that costs on back-to-school shopping lists are expected to increase by 6% this fall due to persistent inflation, forcing some parents to make difficult decisions between saving on school supplies or cutting back on other discretionary spending. Parents of kindergarten through eighth grade students expect to spend an average of $333 […]
KFC, Pizza Hut sales slump as sticky inflation hampers parent Yum’s bottom line
Yum! Brands, the parent company of KFC and Pizza Hut, reported a larger-than-expected drop in same-store sales in the second quarter as high inflation led lower-income Americans to spend less on eating out. U.S. same-store sales for its Yum Fried Chicken (KFC) division fell 5% in the second quarter, down from a 7% decline in […]
Fed Should Cut Rates, ‘Inflation Is Down Pretty Close to Zero’
Speaking on CNN News Central on Monday, Rep. Adam Smith (D-Wash.) said the Fed needs to cut interest rates in response to the stock market crash. “Inflation is getting pretty close to zero. And now there are counter-pressures in the market and I think the Fed should and will respond,” he said. Co-host John Berman […]
Kamala Harris is ‘almost personally responsible’ for massive inflation numbers: Moore
Former Trump campaign senior economic adviser Steve Moore discusses the inflation numbers under the Biden administration, … source
Denny’s ‘Lumberjack Slam’ Platter Rises to $18 amid Inflation
Denny’s breakfast plates have apparently become prohibitively expensive due to inflation and rising labor costs. The Reddit post included an image of the restaurant’s menu, showing the Lumberjack Slam costing $17.99, New York Post report He noted Friday that 10 years ago, the meal would have cost around $5.99. Denny’s breakfast plate price rises from […]
Powell: Fed could cut rates 'as soon as' September if inflation, job market keep cooling
Federal Reserve Chairman Jerome Powell said Wednesday that the central bank could cut interest rates “as early as” September if inflation and the job market continue to cool. After the Fed announced it would keep interest rates steady on Wednesday, Powell said it needed to see a combination of generally healthy economic data, along with […]