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Inflation is still a thing. Prices were 2.6% higher in October than a year earlier, according to the latest Consumer Price Index, released Wednesday. That's a much lower inflation rate than ...
An inflation report in the coming week will test the strength of the record-setting U.S. stocks rally and provide a crucial piece of data that could factor into the Federal Reserve's plans for ...
Inflation is not dead. Enough talk about the Fed should only be concerned about maximum employment." UBS suggested that the upcoming consumer price index report will be the next big thing for markets.
Kashkari’s remarks come ahead of the October inflation report slated for release Wednesday at 8:30 a.m. ET. Economists predict headline inflation could tick up from 2.4% to 2.6% year-over-year ...
Housing costs are a big driver of inflation — for now. July inflation report: New and used car prices keep falling. July CPI report: Monthly inflation falls in line with estimates, rises by 0.2%.
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.
Some economists [22] attribute the U.S. inflation surge to product shortages resulting from the global supply-chain problems, itself largely caused by the COVID-19 pandemic. [23] This coincided with strong consumer demand, driven by low unemployment and improved financial conditions following the pandemic. [ 24 ]
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 ...