News
Inflation May Be Cooling, But Many Workers Still Aren't Feeling Richer. Salaries' Data Show Why
9+ hour, 44+ min ago (578+ words) American workers have seen little improvement in their purchasing power since President Donald Trump returned to office, with pay increases largely offset by rising prices over the past 18 months. Average hourly earnings rose 3.5% in June from a year earlier, matching…...
Inflation Decelerated In June. But Grocery Shopping In The U.S. Decreased Anyway
5+ hour, 37+ min ago (444+ words) The buying of grocery units fell 1.8% in June compared to the previous year, according to a new analysis. The study, conducted by Bain & Company using NielsenIQ grocery and published by CNBC, shows a reversal compared to the 0.1% increase recorded in…...
Inflation Cooled More Than Expected In June. Now a Fed President Says Price Increases Have 'Peaked"
1+ day, 6+ hour ago (348+ words) New York Federal Reserve President John Williams said he sees multiple signs that inflation has peaked, something that would allow policymakers to refrain from hiking interest rates. "There are encouraging reasons to expect that inflation has peaked and should edge…...
Inflation Is Still Above Target. Fed Governor Christopher Waller Says Rate Hikes Could Still Be Coming | IBTimes
2+ day, 9+ hour ago (419+ words) Federal Reserve Governor Christopher Waller said Monday that the U.S. central bank should avoid overreacting to inflation based on the mistakes of the past, while making clear that interest rate increases remain on the table if price pressures fail to ease....
The Fed Kept Rates Steady In Its Last Meetings. The Minutes Show Members Disagreed About What To Do
1+ week, 1+ day ago (420+ words) Federal Reserve officials were split about what to do with interest rates in their last meeting, minutes released on Wednesday show. Some members analyzed that inflation could ease soon, allowing for lower rates. Others saw the opposite scenario in the…...
30-Year Mortgage Rates Eased To Lowest Level Since Mid-May. Yet Homebuying Demand Showed Little Response.
1+ week, 6+ day ago (354+ words) International Business Times The average rate on a 30-year fixed U.S mortgage declined this week to its lowest level since mid-May, providing some relief for prospective homebuyers after borrowing costs climbed through much of the spring as geopolitical tensions in…...
Fed Chair Kevin Warsh Is Betting On AI. He Says The Revolution Is Just Getting Started.
2+ week, 2+ hour ago (401+ words) Federal Reserve Chair Kevin Warsh said the United States is likely to be a "big winner" from artificial intelligence, describing the technology as a structural shift in the global economy. Speaking during an European Central Bank summit in Sintra, Portugal,…...
The Economy Added Fewer Jobs Than Expected. It Could Be a Boon For Wall Street
2+ week, 4+ hour ago (478+ words) The latest job report showed a decline in hirings in June, leading some investors to believe there is a lower chance the Federal Reserve will hike interest rates. However, stocks were mixed after the report. The S&P 500 edged lower…...
Fed Chair Kevin Warsh Refused To Say What The Fed Will Do In Its Next Meeting, But Did Provide a Key Hint.
2+ week, 1+ day ago (431+ words) Federal Reserve Chairman Kevin Warsh declined to give guidance about the central bank's next decision on interest rates but did give a potential hint by saying inflation is running too high. "We're all in the price stability business, that might…...
European Inflation Will Likely Remain 'Significantly' Above Target Due To The 'Energy Price Shock,' ECB Official Warns
2+ week, 2+ day ago (408+ words) Joachim Nagel, the president of Germany's central bank, said inflation is at risk of staying above target despite the ceasefire between the U.S. and Iran. Speaking to CNBC, Nagel said the "energy price shock" is "still in the system." He went…...