The numbers: The cost of imported goods rose just 0.2% in June — the smallest increase in six months — in a sign the U.S. is no longer importing as much Read more
Tag: Markets
Weekend reads: What you can do to counter high inflation
This week featured another batch of government reports underlining the high inflation Americans are suffering through. The Consumer Price Index for July hit another multidecade record with a year-over-year increase Read more
Amazon slashes its private-label selection, considers exiting business under regulatory pressure
Amazon.com Inc. has started drastically reducing the number of items it sells under its own brands, and the company has discussed the possibility of exiting the private-label business entirely to alleviate regulatory Read more
Markets are now pricing in 100% risk of a U.S. recession before year’s end: Deutsche Bank
Something big shifted in the market following Thursday’s U.S. consumer-price index report, according to George Saravelos, global head of currency research at Deutsche Bank. Based on moves in U.S. stocks Read more
China’s commodities imports might be close to a bottom, but demand remains soft, says economist
China saw a sharp slowdown in its commodities imports in June as the economy saw a slow recovery from the widespread COVID-19 lockdowns, but a report from Capital Economics said Read more
Oil selloff puts crude near ‘inflection point’ as investors weigh inflation outlook
Crude oil is are near a “clear inflection point” after a selloff pulled the U.S. oil benchmark back below $100 a barrel, a technical analyst said Wednesday, leaving prices on Read more
`Peak inflation will have to wait’: Traders see three more 8%-plus CPI readings despite falling gas prices
“Staggering.” “Ugly.” “Brutal.” And …. “out-of-date.” Those are some of the words that investors, analysts — and even President Joe Biden — used to sum up the June consumer price Read more
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 increase in more than three decades. The consumer price index jumped by a stunning 9.1% Read more
Biden 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President Biden called the worst U.S. inflation reading in almost 41 years “out of date” on Wednesday because it doesn’t reflect the recent decline in gasoline prices, but don’t expect Read more
White 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, with officials holding a briefing for reporters and releasing a memo that they said “provides Read more