Income investing opportunities emerge as the outlook for rate cuts moves to September – CNBC
Although traders’ hopes for a June rate cut were dashed, income-seeking investors may find a golden opportunity to pick up bonds and high-dividend stocks at bargain prices. Consumer prices rose faster than expected in March, rising an annualized 3.5%, beating Wall Street expectations. The news sparked a selloff Wednesday, with the Dow Jones Industrial Average […]
Core Producer Prices Up The Most Since September
Prices charged by U.S. producers of goods and services rose 2.1% in the 12 months that ended in March, outpacing the annual inflation rate of 1.6% recorded the previous month. Despite the year-over-year increase in inflation, there was some good news in the Bureau of Labor Statistics’ Final Demand Producer Price Index (PPI). The month-on-month […]
PCE inflation rises for the first time since September
Personal consumption expenditures price index inflation, one of the Federal Reserve‘s preferred gauges of price instability, has risen for the first time since September of last year, another damning contradiction of the White House’s assertion that President Joe Biden has tamed the worst inflationary crisis in 40 years. Headline PCE inflation rose by 2.5% in […]
Key inflation gauge hits highest level since September ahead of Fed meeting
U.S. wholesale prices accelerated again in February, as inflationary pressures in the economy remain high and may not ease as quickly in coming months as the Federal Reserve and the Biden administration hope. This is the latest sign of this. The Ministry of Labor said on Thursday: producer price index The index, which tracks inflation […]
Wholesale inflation unexpectedly accelerates to highest level since September
In a wide-ranging, exclusive interview with FOX Business, Treasury Secretary Janet Yellen spoke about the state of the economy and Biden’s new budget proposal. Wholesale-level inflation is significantly higher than expected in February, the latest sign that price pressures in the economy remain high and difficult to contain. The Labor Department announced Thursday that it […]
2 suspects in 2018 Vermont murder-for-hire case to stand trial in September
Two people facing federal charges in connection with a murder-for-hire scheme that led to the 2018 kidnapping and murder of a Vermont man are scheduled to go on trial in September, a federal judge announced Thursday. U.S. District Judge Jeffrey Crawford set a September 23 trial date for Serhat Gamlukuk of Los Angeles and Burke […]
Billy Joel Teams Up With Rod Stewart For Concert In September: REPORT
Billy Joel and Rod Stewart will team up to rock Cleveland Browns Stadium on September 13th with a joint concert, USA Today reported on Thursday. At a press conference held at a stadium in Cleveland, the city's Mayor Justin Bibb led the announcement, revealing that the two music icons will perform together in concert. according […]