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GDP rose 2.8% last quarter, while PCE inflation was 2.2% in September. Traders are bracing for earnings from Meta after the close.
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
The latest GDP report showed that a key gauge of consumer demand picked up in the second quarter to an annual rate of 2.9%, matching the rate in the fourth quarter of 2023 for the strongest pace ...
The CPI report notably flashed an unexpected rise of "core" month-over-month inflation, which experts attributed to service costs building up over years and stubborn housing prices.
The latest inflation reading gives the Fed freedom to act, ... Economic data releases and earnings. ... on Aug. 30. Then comes the August jobs report on Sept. 6, and finally, a last, pre-meeting ...
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 ...
The latest data from the Bureau of Labor Statistics showed that the Consumer Price Index (CPI) increased 2.7% over the prior year in November, a slight uptickfrom October's 2.6% annual gain in ...
“Disinflation is out, and inflation is in with today’s CPI report,” Karen Manna, ... But now, “barring a steep turnaround in the economic data, especially the inflation data, it is hard to ...