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Inflation has slowed significantly since topping out at 9.1% in June 2022. However, the return to more typical rates of inflation was expected to be highly bumpy, and that choppiness was on full ...
The yield on the 10-year Treasury note jumped Wednesday to 4.62% in response to the inflation report, a sign that investors expect interest rates, growth and inflation to be higher in the coming ...
Today’s inflation report shows that real weekly wages are now down 4.4% and prices are up 19.9% since Biden took office. That’s Bidenomics! — GOP (@GOP) May 15, 2024
The latest release shows a mild uptick from November to December and three months in a row of inflation ticking up instead of heading back down toward the Fed’s goal of 2%. The inflation rate ...
The latest inflation data is unlikely to shift the Fed’s plans for eventually cutting interest rates. Central bankers including Powell have signaled that achieving 2% inflation will be a bumpy path.
Revisions to both the July and August report showed the US economy added 72,000 more jobs during those two months than previously reported. Meanwhile, the unemployment rate fell to 4.1% from 4.2% ...