By Rising hopes of a soft landing for the US economy likely hinge on the Federal Reserve’s willingness to tolerate inflation markedly higher than it would prefer. After taking a break from tightening credit last month, Fed Chairman Jerome Powell and his colleagues look locked in to raising interest rates by a quarter percentage point…
By Core CPI (%m/m)Revinitiv, Capital EconomicsIf you look closely at the far-right side of the chart and squint, you can see that Core Goods (ex-used car prices) and Core Services (ex-shelter) were both negative (slightly) in June. In addition, Jay Powell’s “go to” CPI sub-index, Services (ex-energy and shelter), showed up as a big fat…
By Summer vacation is a sacred time for most Americans.So why is it in peril? A new study from ELVTR, an online learning platform based in Irvine, California, revealed that 55% of workers are either taking less time off or canceling vacation plans altogether due in part to recent layoffs.“I think a lot of people…
By — Recommendations are independently chosen by Reviewed’s editors. Purchases you make through the links below may earn us and our publishing partners a commission. While many Americans must continue to contend with rising inflation, they aren’t letting it stop them from having fun. According to a survey conducted by Forbes Advisor, 87% of Americans plan…
By The June CPI data showed prices for more than half of the basket’s components were rising more than five per cent on an annual basis. REUTERS/Blair GableEven though headline inflation finally fell back to within the Bank of Canada’s target range in June, anyone who pulled out their party hat to celebrate might have…
By The James E Pepper Distillery in Lexington, KentuckyPhoto, courtesy James E Pepper DistilleryOver the last several years, widespread, persistent inflation and significant labor shortages have been a defining feature of the US economy. Recently I sat down with a group of craft distillers to explore how inflation has impacted them. Not surprisingly, all of…
By By Mike Dolan6 Min ReadLONDON (Reuters) – This is no normal economic cycle and pity the poor forecaster.FILE PHOTO: A person arranges groceries in El Progreso Market in the Mount Pleasant neighborhood of Washington, D.C., U.S., August 19, 2022. REUTERS/Sarah Silbiger/For policymakers, investors or market traders, it’s been a bruising few years. Unprecedented shocks…
By Here’s a number you probably heard a lot about last week: 3%. It’s the annual rate of U.S. inflation — the increase in the Consumer Price Index — from June 2022 to June 2023. It’s the lowest inflation we’ve seen since the spring of 2021. Now, some other numbers for you: 8.7%, 6.4% and 4.8%. Those are the…
By The inflation dragon is breathing a lot less fire, but it’s far from dead. The rate of inflation slowed sharply to 3% in June from a 40-year high of 9.1% a year earlier, the consumer price index showed. Wholesale prices have come down even more with the producer price index now essentially flat over…
By Disinflationary trends in the US are taking hold partly because of China’s weakening economy, according to Ed Yardeni.Yardeni said on Thursday that the US could continue to see lower inflation without a recession.China’s aging demographic profile and weak consumer spending is disinflationary for the US, Yardeni said. Loading Something is loading. Thanks for signing…
