Wholesale prices rose 0.2% in June, slightly hotter than expected
A measure of wholesale prices rose more than expected in June as Wall Street assesses when the Federal Reserve will…
JPMorgan’s Jamie Dimon warns inflation and interest rates may stay higher
JPMorgan Chase CEO Jamie Dimon on Friday issued another warning about inflation despite recent signs of easing in price pressures.…
‘Why would you tinker with it if it’s not broken?’: Economist on why the Fed may not cut rates in September
Markets now firmly expect a September interest rate cut in the U.S., but the Federal Reserve has a strong reason…
Biden touts cooling inflation, slams Trump tariffs at press conference
President Joe Biden on Thursday trumpeted the latest inflation report in the opening remarks of his highly anticipated solo press…
High inflation is largely not Biden’s or Trump’s fault, economists say
Inflation decelerated again in June, bringing further relief to consumers’ wallets. The consumer price index rose 3% in June 2024…
Inflation falls 0.1% in June from prior month, helping case for lower rates
The monthly inflation rate dipped in June for the first time in more than four years, providing further cover for…
China’s inflation numbers miss expectations, rising 0.2% in June
BEIJING — China’s consumer price inflation rose by 0.2% in June from a year ago, missing expectations, while producer prices…
Watch Fed Chair Jerome Powell testify live before Senate banking panel
[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a…
‘Make or break week:’ Stifel sees 40% chance of President Biden dropping out of the race
There’s a 40% chance President Joe Biden will not seek reelection, according to Stifel. Brian Gardner, the firm’s chief Washington…
Fed says it’s not ready to cut rates until ‘greater confidence’ inflation is moving to 2% goal
Federal Reserve officials at their June meeting indicated that inflation is moving in the right direction but not quickly enough…
