The inflation measure favored by the Fed rises as tariffs increase prices, raising doubts about a rate cut in September.
The Federal Reserve’s preferred measure of inflation saw a slight decline in June as tariffs on imported goods began raising costs for some products. The Personal Consumption Expenditure (PCE) price index climbed by 0.3% last month, aligning with economists’ predictions from a Reuters survey. Year-over-year, PCE increased by 2.6%. Core PCE, which strips out the […]
Inflation rises more than anticipated in the Federal Reserve’s favored measure
Inflation, as indicated by the Federal Reserve’s key measure, rose from 2.3% to 2.6% in June, driven by rising costs linked to President Trump’s tariffs. This shift is influencing the economy in significant ways. The Commerce Department’s personal consumption expenditure (PCE) price index recorded a bump that surpassed economists’ forecasts of a 2.5% rise. When […]
S&P 500 Today: Generac Stock Rises; IDEX Shares Fall
Key takeout The S&P 500 dipped 0.1% on Wednesday, July 30, 2025, while the Federal Reserve maintained interest rates, raising concerns about potential tariff impacts. Generac Holdings experienced strong quarterly results, driven by improved margins, pushing stock prices for backup generator manufacturers significantly higher. IDEX stocks dropped after industrial manufacturers reported disappointing outlooks for the […]
Microsoft Announces Impressive Q2 Results, Stock Rises
Microsoft Reports Strong Second Quarter Earnings Microsoft has disclosed impressive earnings for the second quarter, showcasing a revenue growth of 18.1% from the previous year, reaching $764.4 billion. Their GAAP earnings stood at $3.65 per share, which was 8% higher than what analysts had forecasted. But the real question is—should you consider investing in Microsoft […]
Meta Stock Rises as Earnings Exceed Expectations
Meta Reports Strong Q2 Earnings Meta (formerly Facebook) has announced its second-quarter earnings, which surpassed analysts’ predictions. This positive news led to a surge in stock prices during after-hours trading on Wednesday. In that trading, the parent company of Facebook, Instagram, and WhatsApp saw its shares rise by over 11%, marking a significant recovery from […]
USD/CAD Outlook for 30/07: Rises Ahead of Fed and BoC
The US dollar is gaining strength against the Canadian dollar in today’s trading session. This shift is largely due to interest rate announcements from both the Bank of Canada and the Federal Reserve. In the end, the spotlight is likely to remain on the US, though it’s clear that traders are paying attention to the […]
USD/INR rises as Trump indicates increased import tax on India
The Indian rupee is declining against the US dollar following comments from the US president regarding India’s import tariffs. Trump has suggested a possible import tax of 20%-25% on goods from India. Investors are eagerly awaiting the Federal Reserve’s monetary policy decisions along with key US economic data. The Indian Rupee (INR) is expected to […]
Japanese Yen rises slightly against a generally falling USD, before Fed/BoJ decisions.
The Japanese yen has bounced back from a weekly low against the US dollar. Immediate interest rate hikes by the BOJ and declining trade optimism may limit the yen’s recovery. Traders might hold back ahead of significant announcements from major central banks. During the Asian trading session on Wednesday, the Japanese yen (JPY) showed some […]
USD/JPY rises to a more than one-week high, surpassing the mid-148.00s before FOMC and BoJ meetings
USD/JPY is poised to reach its highest level in nearly two weeks, supported by several factors. Optimism around trade and decreased expectations for rate hikes from the BOJ continue to weigh on the Safe Haven JPY. The USD is likely to maintain solid gains on Monday, which will contribute positively to the currency pair. The […]
New affordable housing tower rises near the iconic Parachute Jump in Coney Island
Coney Island Affordable Housing Development Groundbreaking Mayor Eric Adams took part in a groundbreaking ceremony on Monday for a new development featuring entirely affordable apartments, situated near Coney Island’s iconic parachute jump. Using a shovel, Adams joined executives from BFC Partners along with representatives from city agencies and Goldman Sachs to mark the beginning of […]