Inflation
Wednesday’s big CPI inflation report could mark a change in thinking for the Fed
Product prices as seen at Walmart. Courtesy: Walmart The news Tuesday was good for inflation, and investors hope it will get even better Wednesday when the Labor Department releases the July consumer price index report. With the score being one down, one to go on confirming that the early-year jump in prices either was a […]
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Wholesale inflation measure rose 0.1% in July, less than expected
A key measure of wholesale inflation rose less than expected in July, opening the door further for the Federal Reserve to start lowering interest rates. The producer price index, which measures selling prices that producers get for goods and services, increased 0.1% on the month, the Labor Department’s Bureau of Labor Statistics reported Tuesday. Excluding […]
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CNBC Daily Open: Oil soars on Middle-East tensions
Traders work on the floor of the New York Stock Exchange during afternoon trading on March 27, 2024. Michael M. Santiago | 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. […]
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CNBC Daily Open: Oil soars on Middle-East tensions
Traders work on the floor of the New York Stock Exchange during morning trading on May 31, 2024 in New York City. Michael M. Santiago | 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 […]
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China’s bond market is rattled as central bank squares off with bond bulls
A “Buy Treasury bonds” poster is seen at a bank in Haian, East China’s Jiangsu province, Aug 1, 2024. Cfoto | Future Publishing | Getty Images China’s bond market, the world’s second largest, is on edge following a turbulent week in which the central bank started intervening heavily to stem a plunge in yields even as the economy is struggling. […]
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Harris knocks Trump’s Fed comments: ‘I would never interfere’ in central bank decisions
U.S. Vice President and Democratic presidential candidate Kamala Harris speaks with members of the media before boarding Air Force Two at Detroit Metropolitan Wayne County Airport in Romulus, Michigan, U.S., August 7, 2024. Elizabeth Frantz | Reuters Vice President Kamala Harris on Saturday fiercely disagreed with former President Donald Trump’s suggestion this week that U.S. […]
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China’s consumer prices pick up more than expected in July, up by 0.5%
China’s retail sales grew by 2% in June from a year ago. Data for July is due out Thurs. Aug. 15. Pictured here is a shopping mall in Beijing on Aug. 7, 2024. Pedro Pardo | Afp | Getty Images BEIJING — China’s consumer prices rose by a more-than-expected 0.5% in July from a year […]
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Bank of Japan won’t raise rates when markets unstable, deputy governor says
The Japanese flag flutters over the Bank of Japan (BoJ) head office building (bottom) in Tokyo on April 27, 2022. Kazuhiro Nogi | Afp | Getty Images Bank of Japan Deputy Governor Shinichi Uchida said on Wednesday the central bank won’t raise interest rates when financial markets are unstable. The recent strengthening of the yen would affect the BOJ’s policy decision because it reduces upward pressure on […]
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Markets are counting on the Fed to head off recession with sizeable interest rate cuts
Key Points In the market’s eyes, the Fed finds itself either poised to head off recession or doomed to repeat the mistakes of its recent past. “No recession today, but one is increasingly inevitable by year-end if the Fed fails to act,” said Steve Blitz, chief U.S. economist at TS Lombard. Traders are pricing in […]
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San Francisco Fed President Daly sees interest rate cuts coming as labor market weakens
Mary Daly, president of the Federal Reserve Bank of San Francisco, during the National Association of Business Economics (NABE) economic policy conference in Washington, DC, US, on Friday, Feb. 16, 2024. Graeme Sloan | Bloomberg | Getty Images San Francisco Federal Reserve President Mary Daly on Monday said she expects that interest rates will be […]
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