Consumer price index for August shows that inflation in the services sector continues
Two and a half percent. That is how high inflation has been in this economy over the past twelve months, according to the consumer price index for August, which the Bureau of Labor Statistics released on Wednesday. Prices rose 0.2%…
Why the Consumer Price Index (CPI) shouldn’t be the only inflation data investors should keep an eye on
All eyes are on the Federal Reserve as most expectations are for the start of a rate-cutting cycle. … (+) next week at the September meeting of the Federal Open Market Committee on September 17-18, 2024. Fed Chair Jerome Powell…
Nasdaq hits record ahead of new inflation data
Traders expect a flood of economic data this week.Michael M. Santiago/Getty The Nasdaq hit a record in early trading on Tuesday, while other indexes delivered mixed numbers. Traders await PCE inflation data on Friday. Markets will also digest housing market…
Here prices are falling as inflation eases
For Americans, who have suffered from rising prices over the past three years, there was another promising sign on Wednesday that inflation is declining sustainably. The consumer price index (CPI), a broad measure of the prices of everyday goods such…
Stocks rally slows ahead of US inflation data: Markets Wrap
(Bloomberg) — Stocks struggled to gain momentum as traders awaited key inflation data that will shape the outlook for the Federal Reserve’s next moves. Most read by Bloomberg Stocks edged lower after recovering from Monday’s market slump that rocked trading…
What you should know this week
After a volatile trading week on Wall Street, the stock market ended the week virtually where it left off last Friday. Panic broke out in financial markets on Monday as the unwinding of the yen carry trade increased volatility after…
