Exclusive news, analysis, and commentary on governmental price and inflation reports, including Federal Reserve decisions.
Inflation is definitely looking like a “two-handle” problem. That’s investor-speak for a rate below 3% but above the Fed’s 2% target.
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The Fed may have cracked inflation, but eggflation is proving harder to beat. Unsurprisingly, egg producer stocks are soaring.
Another month, another frustratingly sticky inflation report. Still, a rate cut seems certain when the Federal Reserve meets next week.
The last mile is always the hardest. For the Federal Reserve, the last mile in its race to tame inflation just got even harder.
Trump promised in a Truth post to levy via 25% tariffs “on ALL products coming into the United States” from Mexico and Canada.
The leadership change comes as the retail pharmacy industry faces thin profit margins, store closures, and layoffs.
Inflation cooled in May. So why isn’t the Federal Reserve slashing interest rates yet like other wealthy countries have done?
As the prospect of higher-for-longer continues to sink in, small businesses are beginning to feel the pinch, per Bloomberg.
It has taken a while, but recent data suggests that the Federal Reserve’s rate hikes may finally be taming inflation.
Christopher Waller said that the high interest rates may finally have the fight against inflation back on track.
The CPI rose just 0.3% from the previous month. Perhaps most importantly, the annual core rate fell from a year earlier.
A New York Fed survey found renters saying their probability of ever owning a home fell to 40.1%, a new low.
Cocoa prices plunged almost 30% in the past week after a rally that pushed prices nearly 80% higher to start the year.
Futures prices had surged to record highs in recent months because of droughts contributing to the country’s smallest herd since the 1950s.
The central bank held the funds rate at 5.25% to 5.5%, citing a “lack of further progress toward the Committee’s 2% inflation objective.”
Spending by older affluent Americans is helping grow the economy. But it’s also contributing to a delay in the Federal Reserve cutting rates.