US inflation rises moderately, consumer spending cools

Published by admin on

U.S. prices increased moderately in June as the declining cost of goods tempered a rise in the cost of services.
Categories: 2% targetbenchmark overnight interest rateBureau of Economic AnalysisBusinessCentral BankclothingCommerce DepartmentConsumer spendingcore PCE inflationcost of servicesdeclining cost of goodsDollareconomic growthenergy goodsFederal Reservefinancial marketsfinancial servicesfootwearGasolineGDPGross Domestic Producthousehold equipmentHOUSINGinflationInsuranceinterest ratesJeffrey RoachJuly 30-31juneLabor market conditionsLPL Financialmotor vehiclesPCE price indexpersonal consumption expenditurespersonal incomepolicy meetingrate cutsReuterssaving ratesecond-quarter GDPSeptemberTodays Headlinestransportation servicesU.S. pricesU.S. Treasury yieldsutilitieswagesyear-on-year gain

Related Posts

119th Congress

Gaetz Announces He Won’t Return To Congress Next Year

Florida Representative Matt Gaetz , who withdrew from consideration as President-elect Donald Trump’s pick for Attorney General on Thursday, said on Friday that he will not be rejoining Congress next year.

Alvin Bragg

Judge Delays Trump’s Sentencing In Manhattan ‘Hush Money’ Case, Considers Dismissing Charges

A Manhattan judge has postponed Donald Trump’s sentencing for his conviction in his hush-money case and said he’ll consider getting rid of the case entirely after voters elected him to become the next President. 

Alphabet

S&P 500, Dow touch over one-week highs after business activity data

The S&P 500 and the Dow touched over one-week highs after data showed a still robust economy, while small-cap stocks outperformed large-cap indexes.