Inflation Climbs to 3%—But Fed Is Still Expected To Cut Rate
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The Bureau of Labor Statistics is likely to skip a month of data collection for the Consumer Price Index for the first time in its history because of the ongoing government shutdown.
It wasn’t the first time he said that. Since July 1, Trump has referred to the U.S. having "no inflation" 11 times at eight events — a radio interview, a bill signing, bilateral meetings with a foreign leader, gaggles with reporters, a Cabinet meeting, and a roundtable in Florida.
The latest inflation report was released Thursday morning and, with it, the revelation that inflation increased in August. Now at 2.9%, the inflation rate increased from July's 2.7% and is now almost a full percentage point higher than the Federal Reserve ...
Macroeconomics studies an overall economy or market system, its behaviors, the factors that drive it, and how to improve its performance.
Inflation heated up in August to the fastest pace since January as weekly jobless claims climbed to their highest level in nearly four years — fueling worries the economy is sliding into a stagflationary mix of rising prices and weakening growth.
Annual inflation picked up pace a little in the eurozone last month, cementing expectations that the European Central Bank will leave interest rates unchanged for a second-straight meeting next week. Consumer prices rose by 2.1% on year in August across ...
(Bloomberg) -- While a post-pandemic burst of inflation has abated across much of the developed world, the UK is still stuck with the highest price growth among big Western economies. Granted, consumer price inflation is now well below where it was in late ...