2023-08-10 15:54:38 The consumer price index rose 3.2% from a year ago in July, a sign that inflation has lost at least some of its grip on the U.S. economy. Prices accelerated a seasonally adjusted 0.2% for the month, in line with the Dow Jones estimate, the Bureau of Labor Statistics reported Thursday. However, the … Read more
2023-08-09 19:04:14 Gas station signboards display prices in Bethesda, Maryland on August 6, 2023. Mandel Ngan | AFP | Getty Images Thursday’s consumer price index report likely will show that the pace of price increases is easing, but not enough to get the Federal Reserve to retreat on its inflation fight. If the Wall Street … Read more
2023-07-17 20:38:52 A food shopper searches for vegetables July 1, 2023 at the Hannaford supermarket in South Burlington, Vermont. Robert Nickelsberg | Getty Images Don’t break out the party hats just yet: Despite recent signs that inflation is cooling, the fight to bring down the meteoric price increases of the past three years is far … Read more
2023-07-06 20:18:01 A man walks past a “now hiring” sign posted outside of a restaurant in Arlington, Virginia on June 3, 2022. Olivier Douliery | AFP | Getty Images The U.S. jobs market is still on fire, no matter how much effort policymakers put into cooling it off. Despite a series of interest rate hikes … Read more
2023-06-30 20:43:36 Brent crude recorded the longest streak of quarterly losses in more than three decades, amid ample supply and continuing concerns about demand rates. Oil faced concerns about a possible slowdown in the global economy as well as a slowdown in the economic recovery in China. Increased exports from Russia and Iran maintained ample … Read more
2023-06-28 21:16:09 Huge power Investment funds bought stocks last month for the first time since February, fear of missing out on the opportunity outweighing the impact of economic worries, according to Barclays strategists. These strategists, led by Emmanuel Coe, wrote: “Fear of missing out saw frustrated pessimists turn to cautious optimism. It is notable that … Read more
2023-06-24 12:00:01 Federal Reserve Board Chairman Jerome Powell departs after speaking during a news conference following the Federal Open Market Committee meeting, at the Federal Reserve in Washington, DC, on June 14, 2023. Mandel Ngan | AFP | Getty Images The Federal Reserve plans to keep hiking interest rates to stem inflation, which means an … Read more
2023-06-20 20:51:35 Oil prices fell as risk aversion prevailed in the markets and was overshadowed by news that China would launch gradual stimulus measures aimed at supporting its economy. Brent crude contracts, the global benchmark, settled below the level of $76 a barrel, as investors moved away from risky assets. Chinese banks on Tuesday slashed … Read more