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Key inflation gauge picks up on goods, spending barely rises
The Federal Reserve’s preferred measure of underlying inflation increased in June at one of the fastest paces this year while consumer spending barely rose, underscoring the dueling forces dividing policymakers over the path of interest rates.
A Sevens Report commentary noted that while June’s headline consumer price index (CPI) met broad expectations, the details revealed “some tariff price pressures may be appearing in the economy ...
CPI inflation report By the numbers: The Labor Department said that consumer prices rose 2.7% in June from a year ago, up from an annual increase of 2.4% in May.
U.S. inflation increased in June as tariffs boosted prices for imported goods like household furniture and recreation ...
That was one takeaway of the freshly minted June CPI report, which was released today by the Labor Department. Headline inflation rose 2.7%, while the core rate increased to 2.9%.
The Motley Fool's Just-Released Report Shows U.S. Inflation Is at 2.7%. Here's How 2 Consumer Goods Staples Are Faring. The U ...
Economists polled by the Wall Street Journal expect headline inflation to rise 0.3% for June. That would raise the 12-month headline CPI rate to 2.7%, up from 2.4% in the prior month.
Markets this week focus on CPI data, Fed signals, and earnings from key names as rate cut bets climb and tariff concerns ...
Core PCE tends to move more slowly than the consumer price index, or CPI, and covers a broader range of spending. If ...
Despite the current market optimism, relying on economic headlines for investment decisions can prove harmful in the long run ...
Prices rose 2.6% in June compared with a year ago, the Commerce Department said, up from an annual pace of 2.4% in May.
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