Consumer prices
Fed’s key inflation gauge rose 2.5% in June from a year ago, in line with expectations
People shop at a grocery store in Brooklyn on July 11, 2024 in New York City. Spencer Platt | Getty Images An important gauge for the Federal Reserve showed inflation eased slightly from a year ago in June, helping to open the way for a widely anticipated September interest rate cut. The personal consumption expenditures […]
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BOJ to weigh rate hike next week, detail plan to halve bond buying, Reuters reports
The flag of Japan flutters at the Bank of Japan headquarters in Tokyo on Dec. 19, 2023. Kazuhiro Nogi | AFP | Getty Images The Bank of Japan is likely to debate whether to raise interest rates when it meets next week and unveil a plan to roughly halve bond purchases in coming years, sources said, signaling its resolve to steadily unwind its massive monetary stimulus. […]
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CNBC Daily Open: Dow jumps 700 points, gold hits record, HSBC new CEO
Traders walk the floor during morning trading at the New York Stock Exchange (NYSE) on May 14, 2024 in New York City. Spencer Platt | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter […]
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CNBC Daily Open: Dow soars 700 points to record close
Traders work on the floor during morning trading at the New York Stock Exchange on May 14, 2024. Spencer Platt | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like […]
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Here are 6 buying categories cheaper today than they were before the pandemic
It’s the nature of prices to go up over time, even in low-inflation environments. Historically, the target for the U.S. Federal Reserve has been 2% annual inflation. So when worldwide events like the Covid-19 pandemic push inflation well above that 2% target, it can be a real shock to consumers. Since hitting 9% in June […]
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This is the deflation breakdown for June 2024 — in 1 chart
Important Details Deflation steps how rapidly prices are declining for shopper items and companies. Selling prices have deflated for a selection of goods like bodily merchandise, airfare, gasoline and some groceries considering that June 2023, in accordance to the customer price index. A single clarification: Supply and demand dynamics have normalized right after currently being […]
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High inflation is largely not Biden’s or Trump’s fault, economists say
Key Points The consumer price index moderated again in June 2024, the Bureau of Labor Statistics said Thursday. The CPI annual inflation rate has declined to 3% from a 9.1% pandemic-era peak in 2022. Neither President Joe Biden nor former President Donald Trump shoulder much of the blame for high inflation, economists said. Source
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Inflation falls 0.1% in June from prior month, helping case for lower rates
The monthly inflation rate dipped in June for the first time in more than four years, providing further cover for the Federal Reserve to start lowering interest rates later this year. The consumer price index, a broad measure of costs for goods and services across the U.S. economy, declined 0.1% from May, putting the 12-month […]
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Is inflation Biden’s or Trump’s fault? The respond to just isn’t so simple, economists say
Key Points President Biden and previous President Trump traded barbs about the U.S. economic system throughout their very first presidential debate. Trump mentioned Biden brought on superior pandemic-era inflation, which surged right following he took business. Neither Biden nor Trump are to blame for substantially of the inflation, having said that, economists reported. The Covid-19 […]
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Inflation slows in May, with consumer prices up 3.3% from a year ago
The consumer price index showed no increase in May as inflation slightly loosened its stubborn grip on the U.S. economy, the Labor Department reported Wednesday. CPI, a broad inflation gauge that measures a basket of goods and services costs across the U.S. economy, held flat on the month though it increased 3.3% from a year […]
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