inflation rates

One of the most hawkish investment firms on Wall Street might soon revise its estimates and anticipate an earlier rate cut from the Federal Reserve if June’s new inflation figures confirm another unmistakable signal of a return towards the 2% target. Despite recent benign inflation reports,...

Editor’s note: This story has been updated to correct the spelling of economist Joseph Brusuelas’ name. The Personal Consumption Expenditure (PCE) price index, a preferred inflation gauge for the Federal Reserve, revealed a steady trend in April, aligning with economist expectations...

The recent release of the Personal Consumption Expenditure (PCE) price index, a key metric favored by the Federal Reserve for gauging inflation, delivered higher-than-anticipated annual rates last month, suggesting that price pressures are facing significant hurdles to achieving the 2% target. The...

Real estate stocks slid at Wednesday’s market open, weighed down by the latest disappointing data on housing starts and a spike in mortgage rates, darkening the outlook for the sector. By 9:00 a.m. EST, the Real Estate Select Sector SPDR Fund (NYSE:XLRE) had dropped by 0.3%. This marked its...

Federal Reserve Governor Christopher J. Waller starkly opposed the idea of cutting interest rates amidst current macroeconomic conditions characterized by the recent unexpectedly high inflation figures. Speaking at the Economic Club of New York on Wednesday, March 27, Waller said, “There is...

Richmond Federal Reserve President Thomas Barkin has outlined a strategy that involves slowing down the economy as the winning recipe to decisively win the ongoing battle against inflation. These insights took center stage during a recent conference call hosted by Market News International (MNI)...

Every month, the Department of Labor releases data pertaining to the unemployment rate, wage rates and the overall status of the economy. Despite poor headline numbers, TD Ameritrade chief market strategist JJ Kinahan said the economy is showing innate strength. “What [the report] does...