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Consumer prices rose at the slowest pace since April 2021 as inflation showed further signs of cooling in May, according to the latest data from the Bureau of Labor Statistics released Tuesday ...
After a hot December jobs report pared back investor's hopes for interest rate cuts in 2025, two key inflation readings will add to the discussion in the week ahead.
But even with that targeted approach, the consensus is that it will act as a dreaded inflation bomb. In this case, the report predicts inflation could increase by 0.6 percentage points. Fiscal Tension
Above-average inflation is now being driven entirely by the service sector, where inflation is still uncomfortably high at 5.3%. Even there, anomalies are much of the story.
The stock market's new record high will be challenged in the week ahead by a slew of corporate earnings reports and a fresh reading of the Fed's preferred inflation gauge.
Stocks just had their best week of 2024.. All three major indexes pressed to record highs after Donald Trump won the 2024 presidential election.. For the week, the S&P 500 and the Dow Jones ...
3 Things to Do This Week If You Have Debt. ... Here Are My Predictions for Inflation If Biden Wins Again. Show comments. Advertisement. Advertisement. In Other News. Entertainment.
One-year inflation expectations jumped to 4.3% in February from 3.3% last month, marking the the fifth time in 14 years that the survey reported a rise of 1 percentage point or more in year-ahead ...