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Inflation Rises, Narrowing Chances for a Fed Rate Cut
The core index that omits energy and food costs also rose by 0.3% in June, but the annual rate ticked up to 2.8% from 2.7% and slightly above forecasts. Personal spending rose by 0.3%, below the 0.4% forecast but still suggesting consumers are willing to continue shopping.
10don MSN
Key inflation rate shows biggest rise in 6 months, CPI shows, but Fed rate cut still appears in play
A key measure of consumer prices in July posted the biggest increase in six months, suggesting inflation is showing some ...
Mexico’s prices rose much less than expected earlier this month while the economy grew modestly in the second quarter ...
The International Monetary Fund (IMF) says recent monetary policy responses to the stubbornly high inflation have proven to ...
Canada's annual inflation rate eased to 1.7% in July from 1.9% in the prior month as lower year-on-year gasoline prices kept ...
While a post-pandemic burst of inflation has abated across much of the developed world, the UK is still stuck with the ...
2don MSN
Sharp rise in airfare and food costs pushed UK inflation higher in July, denting rate cut hopes
Higher food and airfare prices pushed U.K. inflation above expectations in July. The development has tempered market ...
Beth Hammack, the president and chief executive of the Federal Reserve Bank of Cleveland, thinks the Fed needs to maintain ...
Market-based expectations of long-term inflation were rising on Friday, suggesting the Federal Reserve could be ...
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