American households lost about $6.8 trillion in wealth over the first three quarters of 2022 as the stock market SPX, -0.73% DJIA, -0.90% COMP, -0.70% shed more than Read more
Tag: inflation
U.S. consumer sentiment improves in December as inflation worries ease
The numbers: The University of Michigan’s gauge of consumer sentiment rose to a preliminary December reading of 59.1 from a November reading of 56.8. Economists polled by the Wall Street Read more
U.S. stocks open lower, set for weekly drop after hotter-than-expected wholesale inflation report
U.S. stock indexes opened lower on Friday after wholesale prices rose more than expected in November, dampening hopes that inflation might be cooling off. The Dow Jones Industrial Average DJIA, Read more
U.S. wholesale price inflation picks up in November, but is lower for year
The number: U.S. wholesale prices rose 0.3% in November, the Labor Department said Friday. Economists polled by The Wall Street Journal has forecast a 0.2% gain. This is the third Read more
U.S. wholesale price inflation picks up in November, but is lower for year
The number: U.S. wholesale prices rose 0.3% in November, the Labor Department said Friday. Economists polled by The Wall Street Journal has forecast a 0.2% gain. This is the third Read more
Italian Economy Expected to Slow Sharply in 2023 as Inflation Takes Toll
By Xavier Fontdegloria Italy’s economy is expected to decelerate sharply in 2023 due to high inflation, slowing international trade flows and a tighter monetary policy, according to forecasts from the Read more
November jobs report is most important data for inflation this year- and not in a good way
The November U.S. jobs report on Friday showed the U.S. economy gained 261,000 jobs last month, with the unemployment rate holding steady at 3.7%. Economists polled by the Wall Street Read more
U.S. stocks open mostly higher on key inflation data
U.S. stock indexes opened mostly higher on Thursday after inflation data closely watched by the Federal Reserve shows price pressures are easing. The personal consumption expenditures index showed the rate Read more
U.S. private-sector job growth slows to lowest level since early 2021, ADP
The numbers: Private payrolls rose by 127,000 in November, according to the payroll services firm ADP on Wednesday. It is the slowest pace of growth since January 2021. Economists polled Read more
Eurozone Inflation Eased in November as Energy Price Rises Slowed
By Maria Martinez Inflation in the eurozone eased in November, due to a deceleration in energy price rises. The consumer price index–a measure of what consumers pay for goods and Read more