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The Philadelphia and Baltimore metro areas each experienced 3.4% inflation in October. Detroit was slightly behind at 3.3% – though that was higher than Midwest peer St. Louis, which had 2.6% ...
Inflation hit a four-decade high 9.1% in mid-2002. Eleven interest rate hikes by the Federal Reserve in 2022 and 2023 helped bring it down — to 2.7% last month. ... “This week’s data show ...
GDP rose 2.8% last quarter, while PCE inflation was 2.2% in September. Traders are bracing for earnings from Meta after the close.
The economy has defied prophecies of doom since late 2022 following the Fed's aggressive rate hiking campaign to stamp out inflation. It is a down shift in economic growth and it confirms the ...
Shelter moderates, food remains sticky. Notable callouts from the inflation print include the shelter index, which rose 4.7% on an unadjusted, annual basis, lower than October's 4.9% increase.
Indeed, data the Bureau of Economic Analysis released Friday showed that spending outpaced income in March, as it has in three of the past four months, while the personal savings rate plunged to 3 ...
New data from the Bureau of Economic Analysis revealed the US economy grew at a 5.2% annualized pace in the third quarter, revised up from the 4.9% reported in the advance estimate a month ago.
Economic data: S&P Global US Services PMI, September (48.5 expected, 47.9 previously); Chicago Fed Nat Activity Index, August (-.20 expected, -0.34 previously) Earnings : No notable earnings Tuesday