`Peak inflation will have to wait’: Traders see three more 8%-plus CPI readings despite falling gas prices
admin “Staggering.” “Ugly.” “Brutal.” And …. “out-of-date.” Those are some of the words that investors, analysts…
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The biggest monthly rent increase in 36 years is adding fuel to inflation fire
Rent prices are helping to fuel inflation, new government data shows, seeing their largest monthly…
Read MoreManchin, key to Democrats’ budget deal, sounds inflation alarm after hot CPI report
Sen. Joe Manchin, who’s key to congressional Democrats’ economic-policy efforts, on Wednesday sounded the alarm…
Read MoreBiden touts falling gas prices, but it’s no cure for high inflation
President Biden called the worst U.S. inflation reading in almost 41 years “out of date”…
Read MoreEuro takes fresh run toward parity after U.S. inflation hits 41 year high
Stronger-than-expected U.S. inflation provided the nudge to push the euro back toward parity against the…
Read MoreFed will have ‘zero patience’ for high inflation readings, economist
U.S. inflation is still likely to come down “in coming months” but the Federal Reserve…
Read MoreWhite House highlighted ‘substantial declines in gas prices’ before latest inflation report
The Biden administration on Tuesday played defense before Wednesday’s much-anticipated reading on raging U.S. inflation,…
Read MoreU.S. inflation climbs to new 41-year high of 9.1%, CPI shows, as gas prices surge
The numbers: Surging gasoline prices last month drove the rate of U.S. inflation to a…
Read MoreComing up: Consumer price index for June
The consumer price index is expected to rise a sharp 1.1% in June, according to…
Read MoreAvoiding a recession ‘increasingly challenging,’ says IMF, as it cuts U.S. growth forecast again
The International Monetary Fund has cut its forecast for U.S. growth for the second time…
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