The numbers: Construction on new U.S. homes fell a seasonally adjusted 9.6% in July to 1.45 million, the Commerce Department said Tuesday. The level of starts in July since February Read more
Tag: July
Inflation surge cools in July. Should you still play defense with your portfolio?
The latest surge in stocks helped lift the Nasdaq Composite COMP, +2.09% out of bear-market territory on Wednesday and the Dow Jones Industrial Average DJIA, +1.27% to exit correction territory. Read more
U.S. import prices decline in July for the first time this year
The numbers: The cost of imported goods fell 1.4% in July, the U.S. Labor Department said Friday. This is the first decline since December and the largest since April 2020. Read more
U.S. import prices decline in July for the first time this year
The numbers: The cost of imported goods fell 1.4% in July, the U.S. Labor Department said Friday. This is the first decline since December and the largest since April 2020. Read more
U.S. producer price inflation moderates in July
The numbers: The U.S. producer price index fell 0.5% in July, the Labor Department said Thursday. That’s down from a 1.0% jump in June. Economists polled by The Wall Street Read more
U.S. producer price inflation moderates in July
The numbers: The U.S. producer price index fell 0.5% in July, the Labor Department said Thursday. That’s down from a 1.0% jump in June. Economists polled by The Wall Street Read more
July inflation and jobs data suggest no recession this year, Laura Tyson says
““We’re not likely to see a recession this year.”” Worries about a recession, at least in the near term, have been ameliorated by the July consumer inflation and jobs data, Read more
Fed’s Kashkari says July CPI is ‘first hint’ of possible good news on inflation
The July consumer price data released Wednesday is the “first hint” that U.S. inflation might be slowing but doesn’t obviate the need for higher interest rates, said Minneapolis Fed President Read more
U.S. budget deficit narrows by record amount in July by one measurement
The numbers: The U.S. federal budget deficit has narrowed by a record amount in the fiscal-year-to-date measurement, the U.S. Treasury Department said Wednesday. For the first ten months of the Read more
Grocery prices in July had largest price increase since 1979 — with one food staple rising by 38% on the year
The rise in the cost of living cooled in July, but not for grocery prices. The price of food at home rose 1.3% from June to July, marking a 13.1% Read more