BREAKING NEWS: Inflation rises just 3% in June as price pressures continue to cool
Invesco global market strategist Brian Levitt gives his take on the state of the economy on 'Barron's Roundtable.'
Inflation showed welcome signs of cooling in June, but core prices pointed to strong underlying pressures that are still bubbling beneath the surface – and continuing to burden millions of Americans. The Labor Department said Wednesday that the consumer price index, a broad measure of the price for everyday goods including gasoline, groceries and rents, rose 0.2% in June from the previous month.
Prices climbed 3% on an annual basis, slightly below the 3.1% increase forecast by Refinitiv economists. Although inflation has cooled from a peak of 9.1%, it still remains above the Federal Reserve's 2% target rate.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
US inflation believed to have slowed in June in sign of easing price pressuresSome economists believe if inflation keeps slowing and the economy shows signs of improvement, a July interest rate hike could be the Federal Reserve's last.
Consulte Mais informação »
NY Fed: Year-ahead expected inflation drops to 3.8% in June, lowest since April 2021The Federal Reserve Bank of New York's monthly Survey of Consumer Expectations showed on Monday that the US consumers' one-year inflation expectation
Consulte Mais informação »
China: Inflation surprised to the downside in June – UOBUOB Group’s Economist Ho Woei Chen, CFA, comments on the release of Chinese inflation figures. Key TAkeaways Inflation is largely absent in China due
Consulte Mais informação »
US CPI Banks Preview: Inflation to step meaningfully lower in JuneThe US Bureau of Labor Statistics (BLS) will release the most important inflation measure, the US Consumer Price Index (CPI) figures, on Wednesday, Ju
Consulte Mais informação »
U.S. stocks open modestly higher as investors look ahead to June inflation dataU.S. stocks opened modestly higher Tuesday, a light day on the economic calendar, as investors look ahead to highly-anticipated inflation data due out...
Consulte Mais informação »
First Mover Asia: Crypto Market Is on ‘Standby’ as Release of June Inflation Data NearsBitcoin continued to hover well over $30K as investors awaited the release of June's US Consumer Price Index. TheSamReynolds reports
Consulte Mais informação »