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Tag: July

July inflation drops below 3% as Fed considers September rate cut

Housing costs remain high, but insurance premiums are finally starting to stabilize. (iStock) Annual inflation fell below 3% in July for the first time in more than three years. Consumer Price Index The Consumer Price Index (CPI) released by the Bureau of Labor Statistics (BLS). On an annualized basis, prices rose 2.9% in July, slowing […]

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 […]

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 […]

Producer Prices Increased by Less Than Forecast in July

U.S. inflation pressures showed further signs of easing in July, with producer prices rising just 0.1%, less than expected. According to the Bureau of Labor Statistics, the Producer Price Index (PPI) for final demand, which tracks the average change in selling prices received by domestic producers of goods and services for the products they sell […]

US producer prices rise less than expected in July

The Conference Board’s chief economist, Dana Peterson, analyzes the job market and consumer confidence on “Making Money.” U.S. producer prices grew slower than expected in July as rising commodity prices were tempered by lower services prices, suggesting inflation continued to ease. The Labor Department’s Bureau of Labor Statistics said on Tuesday that the producer price […]

2K Chinese Migrants Encountered at Southwest Border in July

According to a Department of Homeland Security report reviewed by Breitbart Texas, 1,953 migrants from China were apprehended at the Southwest border during July, bringing the total number of Chinese nationals apprehended at the border this year to 35,300. According to an unofficial report provided by a Customs and Border Protection source, the number of […]

Major U.S. Banks Shuttered 33 Branches During 2-Week Period in July

Major US banks including Chase, Bank of America and Wells Fargo closed more than 30 branches over a two-week period in July. Daily Mail Report He revealed. Between July 14 and July 28, 33 banks closed across multiple regions of the country, with Florida having the most closures. Bank of America closed 11 branches, while […]