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A Cautious Fed Eyes Just One Rate Cut In 2024
Morningstar· 1 day agoThe Federal Reserve is now calling for only one interest rate cut in 2024. As was widely expected, the Fed kept the federal-funds rate unchanged at a target range of 5.25%-5.50% at its June ...
US wholesale prices dropped in May, adding to evidence that inflation pressures are cooling
Associated Press via AOL· 12 hours agoWholesale price increases fell in May, the latest sign that inflation pressures in the United States...
Wholesale Inflation Unexpectedly Declines in May on Lower Gasoline Prices
US News & World Report· 12 hours agoThursday brought another round of better-than-expected news on inflation as producer prices fell by 0.2% in May, beating expectations for a small increase. The drop was driven by a sharp decline ...
Hawkish resistance from the Fed: Why only one interest rate cut in 2024?
Investing.com· 20 hours agoThe surprise from the United States Federal Reserve did not come from the decision to keep interest...
Fed’s Favored Inflation Gauge Set to Rise by Least in Six Months
Bloomberg· 10 hours agoThe Federal Reserve’s favored inflation gauge is set for the smallest advance since November...
US consumer prices unchanged in May; bolster rate cut expectations
Reuters via Yahoo Finance· 2 days agoU.S. consumer prices were unexpectedly unchanged in May as cheaper gasoline and other goods offset...
TLT ITB Surge As Inflation Flatlines
etf.com via Yahoo Finance· 1 day agoCore prices excluding housing dropped 0.4% from April to May, while core services excluding housing fell by 0.6%. The next inflation data point that...
Daily Spotlight: Fed Takes a Hawkish Turn
Argus Research via Yahoo Finance· 14 hours agoThis is the Fed's plan: keep rates high to push inflation lower. In the meantime, inflation has indeed been on a downward trek. The latest CPI reading was 3.3%, down from 9.1% in July 2022, ...
Today's inflation report determines the Fed's course and Powell's statement By Investing.com
Investing.com· 2 days agoOn Wednesday, investors are awaiting one of the most important pieces of data that will shape the...
Producer Prices Slip in May From Previous Month
The Wall Street Journal· 12 hours agoEconomists surveyed by The Wall Street Journal had forecast that the producer-price index would edge up by 0.1%, having risen 0.5% in April. + From a...
