Inflation unexpectedly rose to 2.7% in June in producer price index
Inflation as measured by the producer price index rose to 2.7% for the year ending in June, the Bureau of Labor Statistics reported Friday, some bad news for the Federal Reserve and President Joe Biden. Economists had forecast a slight rise in inflation from 2.2% in May. On a month-to-month basis, the producer price index increased by 0.2 percentage points, more than expected. […]
Inflation unexpectedly drops to 3% in June
Nancy Tengler, CEO and CIO of Laffer Tengler Investments, explains why she recommends investing in stocks over bonds over the long term. Inflation rate fell more than expected in June Federal Reserve Prices remained uncomfortably high for millions of Americans. The Labor Department said Thursday that the Consumer Price Index (CPI), a broad gauge of […]