Inflation to be 'major issue' for some time, Former Kansas City Fed president warns

Former Kansas City Federal Reserve President and CEO Thomas Hoenig warned that inflation will continue to be a "major issue" for some time. Hoenig provided the insight on "Mornings with Maria,"...

Instant View: US CPI unchanged in July, raises hopes of Fed slowing

NEW YORK - U.S. consumer prices decelerated in July as gasoline prices dropped sharply, raising hopes the U.S. Federal Reserve may dial back its aggressive path of interest rate hikes. The...

0% inflation is nice, but this number from today’s CPI report is even more encouraging

Core inflation, which excludes volatile items like energy and food, posted its lowest increase in almost a year. Wednesday finally brought Americans some good news on the inflation front. The...

U.S. consumer price growth unchanged for July

Breaking News - U.S. consumer prices did not rise in July due to a sharp drop in the cost of gasoline, delivering the first notable sign of relief for Americans who have watched inflation climb...

US inflation decelerates more than expected on gas price drop

The consumer price index increased 8.5% from a year earlier, cooling from the 9.1% June advance that was the largest in four decades, Labor Department data showed Wednesday.

Markets jump on new data showing inflation eased slightly

NEW YORK (AP) — Wall Street headed for strong gains before the opening bell Wednesday after the government reported inflation eased slightly last month, but remained high enough to be an issue of...

Homebuyers dial back amid affordability issues, shaky economy

The volatile mortgage market has kept some potential homebuyers on the sidelines. Mortgage rates have whipsawed of late, falling for a couple of weeks in concert with moves in the bond market...

Inflation climbs in July as prices cool but remain near record high

The torrid pace of inflation slowed in July for the first time in months, but prices remained near the highest level in 40 years. The Labor Department said Wednesday that the consumer price index,...

STOCK MARKET NEWS: Futures rise, Inflation data due, Oil declines

incoming update… U.S. equity futures were rising Wednesday morning ahead of the release of the July report on consumer prices. The major futures indexes suggest a gain of 0.3% when trading begins...

Norway's core inflation rises more than expected

OSLO - Norway's core inflation jumped in July to its highest level in more than two decades, exceeding forecasts as the costs of food soared 7.6%, Statistics Norway data showed on Wednesday. Core...

White-hot inflation seen cooling in July but remaining near record high

The rapid pace of inflation likely cooled off slightly in July as gasoline prices fell and supply chain disruptions started to ease. However, that may provide little comfort to millions of...

U.S. consumer price growth expected to slow due to lower gasoline costs

- U.S. consumer prices are expected to have risen at a much slower pace in July due to a sharp drop in the cost of gasoline, delivering the first notable sign of relief for Americans who have...

Chinese CPI Inflation Rises, But Misses Expectations on Lockdown Woes

By Ambar Warrick Investing.com-- Chinese consumer and producer price indicators for July came in below expectations on Wednesday, indicating that the world’s second-largest economy was still...

Inflation puts great pressure on state's food bank and household budgets

Inflation has been a "concern" for Los Angeles Regional Food Bank CEO Michael Flood, who stressed Tuesday that the price hikes for necessities, including food and gas, have "put a lot of pressure"...

Germany plans tax changes to help households cope with inflation

BERLIN - Germany's finance ministry wants to raise income tax thresholds and slightly increase child benefits in response to the highest inflation in the country in decades, ministry officials...

Stocks Fall As Inflation Report Looms; Covid Vaccine Maker Crashes

The Dow Jones Industrial Average was lower Tuesday ahead of Wednesday's key inflation report. Vaccine maker Novavax crashed 31% after cutting its 2022 revenue guidance due to lack of demand for...

U.S. productivity drops in second quarter; annual decline largest ever

- U.S. worker productivity fell sharply in the second quarter and on an annual basis posted a record decline, the Labor Department said on Tuesday. Nonfarm productivity, which measures hourly...

Small business sentiment hovers near historic low as inflation rages

Most business owners since 1979 say rising prices are their single most important problem. Small Business Optimism Index climbs to 89.9 last month, a 0.4 percentage point increase from June. That...

Small business sentiment hovers near historic low as inflation rages

Most business owners since 1979 say rising prices are their single most important problem. Small Business Optimism Index climbs to 89.9 last month, a 0.4 percentage point increase from June. That...

U.S. productivity posts biggest ever annual drop in second quarter

U.S. worker productivity in the second quarter fell at its steepest pace on an annual basis since 1948, the Labor Department said on Tuesday, while growth in unit labor costs accelerated,...

Small business sentiment hovers near historic low as prices soar

Small business confidence rose slightly in July but remained near a historic low as fears over white-hot inflation persisted, with the most business owners since 1979 reporting that rising prices...

U.S. productivity drops in second quarter; annual decline largest ever

U.S. worker productivity fell sharply in the second quarter and on an annual basis posted a record decline, the Labor Department said on Tuesday.

Fed considers full-percentage point rate hike and more: Tuesday's 5 things to know

CRUSHING INFLATION SOLUTION?: The scorching-hot July jobs report raises the risk of a full-percentage point interest rate increase when the Federal Reserve meets in September as policymakers try...

Fed could approve 100-basis point interest rate hike after jobs shocker, Citi says

The Federal Reserve is set to raise interest rates for the first time in nearly two years in September. A strong jobs report and faster-than-expected wage growth could make a rate hike more...

Fed considers another huge rate hike after blowout jobs report

The scorching-hot July jobs report raises the risk of a full-percentage point interest rate increase when the Federal Reserve meets in September as policymakers try to crush inflation and cool the...

Fed could approve 100-basis point interest rate hike after jobs shocker, Citi says

The Federal Reserve is set to raise interest rates for the first time in nearly two years in September. A strong jobs report and faster-than-expected wage growth could make a rate hike more...

Fed Rate-Hike Forecasts Raised at JPMorgan, Evercore on Blowout Jobs Report

-- Friday’s blowout jobs report spurred economists at JPMorgan Chase & Co. (NYSE:JPM), Evercore ISI and LH Meyer to say bigger US interest-rate increases are now in store this year, with Citigroup...

Higher mortgage rates, limited supply pushes up prices: Real estate expert

Macro Trends Advisors LLC founding partner Mitch Roschelle explained on Monday why inflation and higher mortgage rates translate to soaring prices for apartment rentals. Speaking on "Varney &...

U.S. consumers' inflation outlooks drop sharply, NY Fed survey shows

- U.S. consumers' expectations for where inflation will be in a year and three years dropped sharply in July, a New York Federal Reserve survey showed on Monday, indicating U.S. central bankers...

Crucial week ahead will influence rate hiking cycle

A series of inflation reports due out this week could propel or break the market’s summer momentum. Investors will get the latest gauge of how quickly prices are rising across the U.S. economy...

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