Inflation is inching closer to the Federal Reserve’s 2% annual target, according to the latest ‘Personal Consumption Expenditures Price Index.’
Read More Inflation Nears Fed’s 2% Target; Rate Cut Uncertainty RemainsTag: inflation
US inflation rises moderately, consumer spending cools
U.S. prices increased moderately in June as the declining cost of goods tempered a rise in the cost of services.
Read More US inflation rises moderately, consumer spending coolsWall Street mixed as investors weigh GDP data after tech mauling
Data showed the U.S. economy expanded 2.8% in the second quarter versus estimates of 2%, but inflation subsided, leaving intact expectations of a September rate cut.
Read More Wall Street mixed as investors weigh GDP data after tech maulingThe Oppo Report On Faux Queen Kamala
By Theodore R. Malloch
July 26, 2024
(Views expressed by guest commentators may not reflect the views of OAN or its affiliates.)
Read More The Oppo Report On Faux Queen KamalaRecord house prices depress US home sales in June
U.S. existing home sales fell more than expected in June as the median house price set another record high.
Read More Record house prices depress US home sales in JuneFed getting ‘closer’ to rate cuts, top officials say
Fed Governor Christopher Waller and New York Fed President John Williams both voiced that description of the shortening horizon toward looser monetary policy.
Read More Fed getting ‘closer’ to rate cuts, top officials say