Here’s the deflation breakdown for June 2024 — in one chart
Inflation has throttled back significantly since peaking two years ago. The U.S. economy is even seeing some prices deflate for…
‘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…
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…
‘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…
Jobless rates rise in June for white, Black and Hispanic women but fall for men in the three racial groups
The unemployment rate for women in white, Black and Hispanic racial groups rose in June in line with the overall…
‘Early innings’ of a U.S. manufacturing boom: Tema ETFs CEO delivers bull case for industrials
One exchange-traded fund is betting on a U.S. manufacturing job resurgence. Tema ETFs CEO and founder Maurits Pot is behind…
Is inflation Biden’s or Trump’s fault? The answer isn’t so simple, economists say
The recent U.S. presidential debate saw both candidates trade barbs related to the economy. High pandemic-era inflation was among the…
‘Preparation overload’: Democrats defend Biden after debate flop as voter support flinches
Democrats are making the rounds on the Sunday media circuit working to reshape perceptions about President Joe Biden after he…
Growth, value stocks could see boost from Russell rebalancing
A bullish move may be ahead for both value and growth in the year’s second half. VettaFi’s Todd Rosenbluth thinks…
IMF says Fed should hold interest rates where they are until ‘at least’ end of year
The Federal Reserve should wait to cut interest rates until “at least” the end of the year, according to the…
