By Comment on this storyCommentInflation has cooled down from a year ago, but that’s failing to allay the pain of Americans who are still paying up at gas pumps and grocery aisles.As a result, there’s a growing disconnect between policymakers, who point to cooling inflation indicators as a sign of progress, and people who are…
By Federal Reserve officials are expected to leave interest rates unchanged at their meeting on Wednesday, buying themselves more time to assess whether borrowing costs are high enough to weigh down the economy and wrestle inflation under control.But investors are likely to focus less on what policymakers do on Wednesday — and more on what…
By Canada’s rate of inflation accelerated by more than expected for the second straight month, but the gains that are largely driven by higher gasoline prices may allow the Bank of Canada to look past the setback. The consumer price index rose 4% in August from a year ago, the quickest pace since April, following…
By (Photo by Win McNamee/Getty Images)Getty ImagesFollowing the release of the August Consumer Price Index (CPI) the headlines were full of muscular scare-words. “Resurgent US consumer prices…more angst… fresh signs of stubbornly high inflation” – The Financial Times “Inflation accelerated in August…a surge in consumer prices” – The Wall Street Journal “Price pressures remain stubborn…marking…
By By the end of the year, the Fed will choose between the economy and its inflation target, Mohamed El-Erian said. The central will decide if it can tolerate inflation at 3% or higher — above its 2% target. Or the Fed will choose to “crush” the economy to reach its long-standing goal, he told…
By Traders work on the floor of the New York Stock Exchange, April 26, 2023.Michael M. Santiago | Getty ImagesThe Dow Jones Industrial average gained for the first day in three after August retail sales came in better than expected and another inflation reading was not as bad as feared.The Dow Jones Industrial Average added…
By Inflation is likely to fall below the Federal Reserve’s 2% annual target by late next year, according to David Kelly, chief global strategist at JP Morgan Asset Management. Consumer prices rose again in August to reach a 3.7% yearly rate, based on Wednesday’s release of the monthly consumer-price index. That marked its biggest jump in…
By Is inflation getting worse? Consumer prices are expected to post the biggest gain in August in more than a year. Here’s how to read the latest consumer-price index.The forecast Consumer prices are expected to jump 0.6% in August — the biggest increase in 14 months — according to economists polled by the Wall Street…
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By Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, July 20, 2023.Brendan McDermid | ReutersStock futures were little changed Sunday night as investors awaited a batch of economic data in the week ahead and earnings from two major tech companies.Futures tied to the Dow Jones Industrial Average…