Inflation causing sticker shock at flower prices
Brides and florists are surprised at the rising prices of wedding flower arrangements. Inflation has forced newlyweds to cut costs in unexpected ways, including cutting the soaring cost of wedding flowers. According to wedding planning website Zola, the average price of a wedding in 2024 will exceed $30,000. Wedding experts blame inflation for hitting every […]
Trump Promises to Cut ‘Energy and Electricity Prices’ in Half
Former President Donald Trump vowed that if elected in November, his administration would cut “energy and electricity prices” in half. At a rally in Asheville, North Carolina, on Wednesday, Trump said: said He told the crowd that under Trump, the US would cut energy and electricity prices in half “within 12 months” – and up […]
Where are high prices still hitting Americans the hardest?
Former IMF Chief Economist Kenneth Rogoff discusses the state of the economy following the July CPI report. Inflation eased again in July, even as rising rent, grocery and auto insurance costs kept prices uncomfortably high for millions of Americans. The Labor Department said Wednesday that the Consumer Price Index (CPI), a broad measure of the […]
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 […]
Oil prices dip as OPEC cuts demand forecast, economic cues awaited – Investing.com
Investing.com — Oil prices fell in Asia on Tuesday, reversing last week’s rebound as caution mounted over a string of economic data this week and OPEC’s cut to its 2024 demand growth forecast. Prices have rebounded sharply from more than seven-month lows as traders charged a higher risk premium to crude on fears of an […]
Trump to highlight prices, crime at Pennsylvania rally
Former President Trump is expected to focus on rising prices and what his campaign is calling a “crime wave” at a rally in the battleground state of Pennsylvania this weekend. Trump plans to address a crowd in Walks Valley, Pennsylvania, on Saturday and describe how the Harris-Biden administration’s “dangerously liberal policies and radical Democratic Party” […]
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 […]
Disney to hike streaming prices after announce profits
Disney’s streaming platform finally posted a net profit after a long struggle that saw the company lose billions of dollars. In its third-quarter earnings report, the company announced that streaming profits beat expectations for the quarter. Disney said direct-to-consumer revenue totaled $47 million in the third quarter, a big recovery from a $512 million loss […]