Inflation cooled in May. So why isn’t the Federal Reserve slashing interest rates yet like other wealthy countries have done?
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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.
Our new high-tech vehicles are becoming pricier to repair, and we’re getting in more accidents than ever before.
The European Central Bank signaled that it might be ready to pull the trigger in June.
More than a quarter of all US home sales were bought by investors in the last quarter, a new all-time high.
The consumer price index offered up a surprising uptick, damaging hopes that the Fed will be cutting rates anytime soon.
Why it’s still a tightrope-walk to an economic soft landing.
While housing prices have skyrocketed in the past two years, the new year may bring a welcome relief to renters.