By New inflation data set for release in the week ahead could help Wall Street regain its footing. The latest read on the consumer price index — an inflation gauge that measures what consumers pay for a many goods — is due out Thursday. The July producer price index — which gauges what wholesalers pay…
By Here’s a thought experiment: Try to imagine Jay Powell and the rest of the Federal Reserve jumping for joy because of reports that inflation is coming down. Let’s start with the Institute for Supply Management’s update on U.S. manufacturing for July, which included this line: “The Prices Index remained in ‘decreasing’ territory, at a…
By LONDON (Reuters) – The British public’s expectations for future inflation fell in July, U.S. bank Citi said on Wednesday, offering some relief to the Bank of England which is expected to announce its 14th back-to-back interest rate increase on Thursday.Public expectations for inflation in 12 months’ time fell sharply to 4.3% from 5.0% in…
By If you’ve been listening to the political rhetoric about inflation, you might assume that Democrats and Republicans are on different planets — and that one of the sides isn’t telling the truth.Consider dueling comments in recent days by President Joe Biden and former New Jersey Gov. Chris Christie, who is running for the Republican…
By More Americans are making summer vacation plans, and most are planning to hit the road to get to their destinations, a recent survey said. (iStock) More Americans are planning a summer trip this year, and 100 million of them plan to hit the road to get to their destination, a recent survey said. Overall,…
By After soaring last year, inflation has cooled faster than economists had expected. Still, prices at grocery stores and malls aren’t likely to go down anytime soon.AdvertisementThat’s because the economy and the job market remain hot, despite predictions of a recession. Wages are still rising. Gross domestic product climbed a healthy 2.4 percent last quarter,…
By More From ForbesJul 29, 2023,12:15pm EDTAI Productivity Gains Are Not Limited To Big Tech”,”scope”:{“topStory”:{“index”:2,”title”:”AI Productivity Gains Are Not Limited To Big Tech”,”image”:”https://specials-images.forbesimg.com/imageserve/64c4406c3e9ca5472f03e661/290×0.jpg”,”isHappeningNowArticle”:false,”date”:{“monthDayYear”:”Jul 28, 2023″,”hourMinute”:”06:34″,”amPm”:”pm”,”isEDT”:true,”unformattedDate”:1690583670648},”uri”:”https://www.forbes.com/sites/greatspeculations/2023/07/28/ai-productivity-gains-are-not-limited-to-big-tech/”}},”id”:”4l83jm6ci0mg00″},{“textContent”:”Jul 28, 2023,05:52pm EDTAre Recession Fears Starting To Fade?”,”scope”:{“topStory”:{“index”:4,”title”:”Are Recession Fears Starting To Fade?”,”image”:”https://specials-images.forbesimg.com/imageserve/64c411b83e9ca5472f03e5d6/290×0.jpg”,”isHappeningNowArticle”:false,”date”:{“monthDayYear”:”Jul 28, 2023″,”hourMinute”:”03:22″,”amPm”:”pm”,”isEDT”:true,”unformattedDate”:1690572139512},”uri”:”https://www.forbes.com/sites/bradmcmillan/2023/07/28/are-recession-fears-starting-to-fade/”}},”id”:”dh5p16gkg67c00″},{“textContent”:”Jul 28, 2023,10:28am EDTBRICS And BRACs”,”scope”:{“topStory”:{“index”:6,”title”:”BRICS And BRACs”,”image”:”https://specials-images.forbesimg.com/imageserve/64c2edbe4518bdda34ade19d/290×0.jpg?cropX1=0&cropX2=1206&cropY1=0&cropY2=804″,”isHappeningNowArticle”:false,”date”:{“monthDayYear”:”Jul 28, 2023″,”hourMinute”:”08:15″,”amPm”:”am”,”isEDT”:true,”unformattedDate”:1690546500000},”uri”:”https://www.forbes.com/sites/andrewtisch/2023/07/28/brics-and-bracs/”}},”id”:”1qg7n9akib3e00″},{“textContent”:”Jul 28, 2023,06:10am EDT … See the…
By More From ForbesJul 28, 2023,06:30am EDTEurope Must Close The Tech Gap”,”scope”:{“topStory”:{“index”:2,”title”:”Europe Must Close The Tech Gap”,”image”:”https://specials-images.forbesimg.com/imageserve/64c28b5c95452f3086ade19b/290×0.jpg”,”isHappeningNowArticle”:false,”date”:{“monthDayYear”:”Jul 27, 2023″,”hourMinute”:”11:50″,”amPm”:”am”,”isEDT”:true,”unformattedDate”:1690473017863},”uri”:”https://www.forbes.com/sites/jeanmarcollagnier/2023/07/27/europe-must-close-the-tech-gap/”}},”id”:”cl22op5gcjog00″},{“textContent”:”Jul 27, 2023,09:00am EDTThe July 30 Gubernatorial Election In Chubut, Argentina’s No. 2 Petro-Province”,”scope”:{“topStory”:{“index”:4,”title”:”The July 30 Gubernatorial Election In Chubut, Argentina’s No. 2 Petro-Province”,”image”:”https://specials-images.forbesimg.com/imageserve/64bfe651540f53f5ded8f5f0/290×0.jpg”,”isHappeningNowArticle”:false,”date”:{“monthDayYear”:”Jul 26, 2023″,”hourMinute”:”11:02″,”amPm”:”am”,”isEDT”:true,”unformattedDate”:1690383720000},”uri”:”https://www.forbes.com/sites/thebakersinstitute/2023/07/26/the-july-30-gubernatorial-election-in-chubut-argentinas-no-2-petro-province/”}},”id”:”73r2am67i5q800″},{“textContent”:”Jul 26, 2023,09:32am EDTInnovation Is Key To Unlocking A Net Zero World”,”scope”:{“topStory”:{“index”:6,”title”:”Innovation…
By An obscure price tracker closely followed by economists also suggests inflation is slowing, but perhaps not quite as fast as the best-known indexes. The Dallas Federal Reserve’s “trimmed mean” inflation rate eased to 4.2% in the period running from June 2022 to June 2023 from 4.6% in the prior month. That’s much higher than…
By Washington, DC CNN — US consumers have been feeling a whole lot better this summer as inflation has continued to slow. Consumer sentiment tracked by the University of Michigan rose 11% in July from the prior month, reaching its highest level since October 2021, according to a final reading of the month’s data. That’s…