Inflation
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
Read More
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 […]
Read More
CNBC Daily Open: A true bull market — it’s not Wall Street
Traders work on the floor of the New York Stock Exchange during morning trading on October 04, 2023 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 […]
Read More
CNBC Daily Open: A true bull market — it’s not Wall Street
Traders work the floor of the New York Stock Exchange on July 25, 2023, in New York City. Angela Weiss | AFP | 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 […]
Read More
CNBC Daily Open: Fed’s Powell says high rates could hurt growth
Traders work on the floor of the New York Stock Exchange on April 26, 2023 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 matter where they […]
Read More
China’s inflation numbers miss expectations, rising 0.2% in June
Consumers are shopping at a supermarket in Qingzhou, China, on June 12, 2024. Nurphoto | Nurphoto | Getty Images BEIJING — China’s consumer price inflation rose by 0.2% in June from a year ago, missing expectations, while producer prices fell in-line with forecasts, data from the National Bureau of Statistics on Wednesday showed. China’s consumer […]
Read More
CNBC Daily Open: Powell says high rates threaten growth
Traders work on the floor of the New York Stock Exchange (NYSE) on February 27, 2023 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 where they […]
Read More
Watch Fed Chair Jerome Powell testify live before Senate banking panel
[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.] Federal Reserve Chair Jerome Powell speaks Tuesday to the Senate Banking Committee as part of his semiannual address to Congress on monetary policy. With the Fed still on hold regarding […]
Read More
‘Make or crack week’: Stifel sees 40% likelihood of President Biden dropping out of the race
Rapidly Money ‘Make or crack week’: Stifel sees 40% possibility of President Biden dropping out of the race Printed Mon, Jul 8 20247:51 PM EDT Stephanie Landsman@stephlandsman Enjoy Dwell Resource
Read More
Inflation outrage: Even as prices stabilize, Walmart, Chipotle and others feel the heat from skeptical customers
When Walmart announced earlier this summer that it would add digital shelf labels to more of its stores, the discounter said the move would cut another tedious task from store workers’ to-do lists. Customers didn’t necessarily see it that way. On TikTok, some criticized the higher-tech price tags as the first step toward the nation’s […]
Read More