Inflation’s Slow, Steady Decline Continues
August 25, 2024
Meanwhile, consumers in July were somewhat less positive about labor and business conditions
Meanwhile, consumers in July were somewhat less positive about labor and business conditions
The July jobs report was well below forecasts, adding greater certainty for an interest-rate reduction
The annual inflation rate slowed to 2.9% in July, its lowest since March 2021, and core CPI was its lowest since April 2021.
Consumer sentiment seems to be following the classic seaman’s advice to hold fast as political stress ramps up
Inflation eased in June as a continued slowdown in price increases signaled that the Federal Reserve may cut interest rates by the end of the summer.
Consumer sentiment was mixed in May, with people’s feelings about the economy seeming to be wildly disparate
Consumer confidence dips again, with inflation far outweighing politics and global conflicts as the top concern
Inflation eased in May, and prices were flat month over month, fueling hope that the Fed could cut interest rates later this year.
Though inflation has yet to hit the Fed’s target, Wednesday’s report offered signs of relief, as all three major stock indexes closed at record highs.
The consumer price index rose 3.5% in the month, while core prices, excluding food and energy, rose 3.8%.
Meanwhile, consumers in July were somewhat less positive about labor and business conditions
The July jobs report was well below forecasts, adding greater certainty for an interest-rate reduction
The annual inflation rate slowed to 2.9% in July, its lowest since March 2021, and core CPI was its lowest since April 2021.
Consumer sentiment seems to be following the classic seaman’s advice to hold fast as political stress ramps up
Inflation eased in June as a continued slowdown in price increases signaled that the Federal Reserve may cut interest rates by the end of the summer.
Consumer sentiment was mixed in May, with people’s feelings about the economy seeming to be wildly disparate
Consumer confidence dips again, with inflation far outweighing politics and global conflicts as the top concern
Inflation eased in May, and prices were flat month over month, fueling hope that the Fed could cut interest rates later this year.
Though inflation has yet to hit the Fed’s target, Wednesday’s report offered signs of relief, as all three major stock indexes closed at record highs.
The consumer price index rose 3.5% in the month, while core prices, excluding food and energy, rose 3.8%.
