Retail sales increased 0.7% in July, better than expected as consumer spending is holding up
Consumer spending held up well in July as inflation slowed, with retail sales turning in a stronger-than-expected showing for the…
Russian ruble slumps to near 17-month low, briefly moves past 100 against dollar
The Russian ruble briefly notched 100 to the U.S. dollar on Monday, nearing a 17-month low as President Vladimir Putin‘s economic advisor blamed loose monetary…
Wholesale prices rose 0.3% in July, higher than expected
A measure of wholesale prices rose more than expected in July, countering recent trends showing that inflation pressures are easing.…
July CPI report shows inflation gauge rose 3.2%, less than expected
The consumer price index rose 3.2% from a year ago in July, a sign that inflation has lost at least…
Interest rates should stay around 5% for longer — even as inflation falls, top economist Jim O’Neill says
Veteran economist Jim O’Neill says central banks will need to keep interest rates up around 5% across major economies for…
Thursday’s inflation data may be low, but don’t expect the Fed to declare ‘mission accomplished’ yet
Thursday’s consumer price index report likely will show that the pace of price increases is easing, but not enough to…
Credit card balances jumped in the second quarter and are above $1 trillion for the first time
Americans increasingly turned to their credit cards to make ends meet heading into the summer, sending aggregate balances over $1…
JPMorgan backs off recession call even with ‘very elevated’ risks
JPMorgan Chase economists on Friday bailed on their recession call, joining a growing Wall Street chorus that now thinks a…
The story of inflation, as told through your child’s backpack
Back-to-school shopping hasn’t been easy this year for Lauren Cyr. The mother of three has searched for deals and spread…
Black unemployment rate ticks lower in July as jobs market remains tight
The unemployment rate for Black workers fell slightly in July as the broader labor market remains tight. Black workers’ jobless…
