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July Consumer Inflation Rises, But Less Than Economists Fear: 'The Fever Has Broken'
Thursday, August 10, 2023 - 11:46am | 597The Consumer Price Index rose from 3% in June to 3.2% in July, narrowly missing the anticipated 3.3%. Core inflation (excluding energy and food) was down marginally from 4.8% in June to 4.7% in July, cooler than the projected 4.8%. Traders pushed the broad market SPDR S&P 500 (NYSE:SPY) more...
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Jerome Powell To Deliver Speech On Wednesday: Here's What He May Say On Interest-Rate Hikes, Inflation
Monday, November 28, 2022 - 9:14am | 445Federal Reserve Chair Jerome Powell is scheduled to deliver a speech at an event on Wednesday hosted by the Brookings Institution in Washington, which is nominally focused on the labor market. What Happened: Powell is, however, expected to cement expectations that the central bank will slow its...
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Consumer Price Index Sees Increases With White House Concerned By Global Energy Supply
Wednesday, August 11, 2021 - 10:15am | 371The Consumer Price Index increased .5% in July after rising .9% in June, and, in general, prices of all items rose 5.4% over the last year, according to the most recent Bureau of Labor Statistics report. What Happened: All indexed items increased in price, including shelter, food, energy and new...