Inflation

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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…

By Traders work on the floor of the New York Stock Exchange (NYSE) June 29, 2023.Brendan McDermid | ReutersStock futures were near flat on Thursday night as Wall Street awaited new inflation data due Friday morning.Futures tied to the Dow Jones Industrial Average added 14 points, or 0.04%. S&P 500 futures ticked higher by 0.07%,…

By It was never in doubt. In the run-up to the Federal Reserve’s meeting this week, investors assigned a probability of nearly 99% to a decision by the central bank to raise interest rates once again. On July 26th policymakers duly fulfilled those expectations, with their 11th increase in 12 meetings, together making for America’s…

By Happy Fed day to all who observe. Market expectations are for a quarter-point rate hike from the Federal Open Market Committee, and some weaselly language pointing to the possibility of future rate hikes but not committing to them. The one thing you won’t hear Fed Chair Jerome Powell discuss on Wednesday is the money…

By The Federal Reserve has landed a hot U.S. economy softly before. It has also helped usher in a recession and nearly doubled unemployment.Which will be this time? Our current Fed captain hasn’t offered too many opinions about how we might land, but he’s sounded modestly optimistic at times this year.“The economy can return to…

By WASHINGTON (AP) — Global growth will see a slight improvement compared to previous International Monetary Fund projections but “many challenges still cloud the horizon, and it is too early to celebrate,” the organization’s chief economist said Tuesday.IMF economist Pierre-Olivier Gourinchas gave his assessment as the organization projected that global economic growth will slow to…

By Minneapolis CNN  —  The global economy is showing more resilience than economists previously thought — but, although some risks have abated, choppy waters could still be ahead, the International Monetary Fund said Tuesday. In its latest update to its World Economic Outlook, the agency said it expects global growth of 3% in both 2023…