Here’s the deflation breakdown for July 2024 — in one chart
Fotostorm | E+ | Getty Images Inflation cooled below 3% in July 2024, the first time it dropped beneath that level in more than three years. While many areas of …
U.S. Economy
Here’s the inflation breakdown for July 2024 — in one chart
d3sign | Moment | Getty Images Inflation continued to retreat in July, aided by easing price pressures for consumer staples like food and energy and physical goods like new and …
UBS CEO Ermotti says it is too early to talk about a U.S. recession
Sergio Ermotti, chief executive officer of UBS Group Stefan Wermuth | Bloomberg | Getty Images ZURICH, Switzerland ꟷ UBS CEO Sergio Ermotti said Wednesday that market volatility could intensify in …
Treasury yields slide as producer prices increase is less than expected
Treasury yields fell on Tuesday as a wholesale inflation measure came in softer than expected. The yield on the 10-year Treasury was lower by about 5.7 basis points at 3.852%. …
59% of Americans wrongly think U.S. is in a recession, report finds
Shoppers at a Walmart store in Secaucus, New Jersey, US, on Tuesday, March 5, 2024. Gabby Jones | Bloomberg | Getty Images We are not in a recession “Right now …
Harris narrowly ahead of Trump with voters on the economy: Poll
U.S. Vice President and Democratic presidential candidate Kamala Harris speaks at her campaign headquarters in Wilmington, Delaware, on July 22, 2024. Harris on Monday compared her election rival Donald Trump …
10-year Treasury yield falls ahead of key unemployment data
Momentum behind U.S. Treasury yields waned on Thursday, as a recovery rally in global stock markets stalled and investors looked ahead to the release of key economic data. The yield …
Market correction may not be over yet
Traders work on the floor of the New York Stock Exchange during morning trading on August 06, 2024 in New York City. Michael M. Santiago | Getty Images This report …
Sahm rule creator doesn’t think that the Fed needs an emergency rate cut
The U.S. Federal Reserve does not need to make an emergency rate cut, despite recent weaker-than-expected economic data, according to Claudia Sahm, chief economist at New Century Advisors. Speaking to …
Correction may not be over yet
Traders work on the floor of the New York Stock Exchange during morning trading on August 06, 2024 in New York City. Michael M. Santiago | Getty Images This report …