The latest reading from the Federal Reserve’s favorite price gauge, which contains some signs of cooling, is failing to calm the nerves of traders and investors who are fretting about Read more
Tag: inflation figures
Suze Orman says to do this right now if you’re worried about inflation
The rate of U.S. inflation reached a 40-year high of 8.6% in May as overall prices for things including rent, gas and food all remain on the rise. Financial commentator Read more
Consumer spending slows sharply as inflation hits home
The numbers: Americans increased spending in May by just 0.2% — the smallest increase in 2022 — as high inflation made them more cautious about what they buy and how much. Read more
Raging U.S. inflation is starting to cool, key price gauge signals
The numbers: A key gauge of U.S. inflation rose 0.6% in May largely due to the higher cost of gas and food, but there were renewed signs that price pressures Read more
Coming up: PCE inflation and consumer spending
The PCE inflation gauge preferred by the Federal Reserve is forecast to rise 0.7% in May. The core rate, which excludes food and gas, is seen increasing 0.4%. The 12-month Read more
July 4 forecast: Inflation is raising the cost of summer BBQs by 17% to $70
If you’re planning a Fourth of July barbecue, be prepared to dig deeper into your wallet. The American Farm Bureau Federation has found that the cost of the traditional holiday Read more
Dow futures down over 300 points as losing first half closes and Fed’s favorite inflation gauge looms
U.S stock futures fell sharply on Thursday, as traders anticipated the release of inflation data closely watched by the Federal Reserve, and Wall Street braced for its worst first half Read more
First Wall Street bank to call a U.S. recession now sees chance that inflation fails to decelerate
Deutsche Bank, the first major bank to predict a U.S. recession in the current inflationary era, now sees a chance that price gains won’t come off nearly as much as Read more
Opinion: Why are Americans so grumpy about the economy? They’ve never lost so much purchasing power in one year, as the stimulus dries up and inflation boils over
If you want to know why Americans are so grumpy about the economy, let’s start with the fact that despite strong job growth and sizable increases in wages, their incomes Read more
Canaria in the coalmine? Spanish inflation surges a shocking 10.2% to notch a 37-year high.
Global inflation worries got turbocharged on Wednesday, as Spain reported consumer prices soaring at the highest annual rate in 37 years. Alongside that came slightly softer-than-forecast German economic data. The Read more