U.S. Consumer Spending Surges 0.6% in July
“The consumer is still very sturdy and providing fundamental strength to the overall economy,” an economist says.
Core CPI Rises 0.3% for Second Straight Month
The July inflation readings reduce "the chances that the U.S. central bank would cut rates by half a percentage point" in September.
U.S. Producer Prices Rise 0.1% in June
The tepid gain in the PPE points to “relatively subdued inflation, as most of the increase was driven by volatile categories of goods and services.”
Core Inflation Posts Biggest Jump in 17 Months
The pick-up in underlying inflation in June "argues against aggressive monetary stimulus from the central bank," an economist says.
The Reason the Fed May Need to Cut Interest Rates This Year
The "real" economy won't benefit much from a rate reduction, but the Federal Open Market Committee may have other things on its mind.
U.S. Inflation Picks Up the Most in 15 Months
Deceleration in consumer spending is expected to curb the increase and keep interest rates unchanged.
U.S. Productivity Surges to 3.6% Gain in Q1
“The rebound in productivity is restraining labor costs and keeping inflation in check,” an economist says.
Fed Resists Pressure for Interest Rate Cut
The Fed doesn't see "a strong case for moving [rates] in either direction" amid weak inflation and solid economic growth.
U.S. Consumer Spending Surges 0.9% in March
“The economy is in a sweet spot for now," with inflation pressures remaining too weak for the Fed to raise interest rates.
U.S. Consumer Prices Jump 0.4% in March
“The uptick in inflation, being largely driven by higher gas prices, is unlikely to worry investors or the Federal Reserve."
U.S. Employers Add 304,000 Jobs in January
The unexpectedly large gain suggests employers "have not let up one bit on their hiring in response to risks out there in the world economy."