Consumers Finally Get Some Relief From Inflation As Prices Decline for First Month Since 2020
Consumers are experiencing their first relief from inflation since the peak of the 2020 pandemic. In an unexpected development, the Labor Department said on Thursday that prices for consumer goods and services fell in June. The big drop signals a recent slowdown in inflation and is raising hopes that the Federal Reserve may sharply cut […]
Gas prices: Costs soar with second straight day of increases
The cost of gas continues to soar as the average price for a gallon of regular gas rose for the second straight day. The latest increases negate the minimal decrease Americans experienced over the July 4th weekend. Prices are now less than a penny cheaper than last year at this time. The average price for […]
Gold prices advance, rate cuts in focus as CPI data looms – Investing.com
Investing.com — Gold prices rose in Asian markets on Thursday, helped by a decline in the dollar and Treasury yields on growing expectations of a U.S. interest rate cut ahead of the release of a key inflation reading. Gold edged higher this week, buoyed by reports that emerging market central banks are stockpiling the metal, […]
Oil Prices Perk Up on Crude Draw – OilPrice.com
Crude oil prices rose today following the release of the U.S. Energy Information Administration. report Inventories fell by 3.4 million barrels in the week ending July 5. This compares with a much larger drop of 12.2 million barrels the previous week. The American Petroleum Institute reported on Tuesday that inventories were estimated to have fallen […]
Inflation expected to slow again in June, but high prices are still crushing Americans
Former Kansas City Federal Reserve Bank President Thomas Honig responded to Jerome Powell’s comments on “Cavuto Coast to Coast” that the Fed isn’t ready to start cutting interest rates. The closely watched inflation report due on Thursday is expected to show that price pressures within the economy continued to ease in June. Economists expect the […]
FTC report slams pharmacy 'middlemen' for seemingly driving up prices, limiting access
Pharmacy benefit managers (PBMs) have a significant influence on the availability and affordability of prescription drugs. Scathing new report “These powerful middlemen may be profiting from inflating drug prices and squeezing Main Street pharmacies,” a Federal Trade Commission report concluded. The report signals significantly increased scrutiny of the business practices of PBMs, the opaque intermediaries […]
Where to buy tickets, best prices, roster
Vivid Seats is an official ticketing partner of the New York Post and may earn revenue from this partnership if you share or purchase this content. Basketball craze is heading to Phoenix this summer. The 2024 WNBA All-Star Game will be held at the Footprint Center, home of the Mercury, on Saturday, July 20. But […]
Mortgage rates crept back up closer to 7% as home prices increase
The average interest rate on a 30-year mortgage rose to 6.95% last week. (iStock ) Mortgage rates rose sharply this week, hovering near 7%. The jump ended a string of declines this week. Rates on a 30-year fixed-rate mortgage averaged 6.95%. Freddie Mac is. “Mortgage rates rose this week, to just below 7 percent,” explained […]
Gas Prices: Decrease at the pumps to the end the holiday weekend
Gas prices decreased slightly on Sunday, with the average price for a gallon of regular gas dropping to $3.506, according to AAA. On Saturday, a gallon of regular gas cost $3.509. A week ago, it was $3.492. A month ago, it was $3.471, and a year ago, it cost $3.537 per gallon. California had the […]