Adriana Kugler
Fed getting ‘closer’ to rate cuts, top officials say
Fed Governor Christopher Waller and New York Fed President John Williams both voiced that description of the shortening horizon toward looser monetary policy.
borrowing costs
Monthly US consumer prices post first drop in four years as inflation subsides
U.S. consumer prices fell for the first time in four years in June amid cheaper gasoline and moderating rents.
Advanced Micro Devices
S&P 500, Nasdaq scale record highs as Nvidia leads megacap charge
The Nasdaq and the S&P 500 hit record highs on Wednesday as strength in Nvidia and other mega stocks supported Wall Street’s winning streak.
Alicia Summers
Inflation Slows In May, Fed Holds Interest Rates Steady
Inflation Slowed in May According to the Consumer Price Index Out Today.
American consumers
Biden Flip Flops on Tariffs When Visiting Steel Workers in Pennsylvania
By Daniel Baldwin April 18, 2024 (Views expressed by guest commentators may not reflect the views of OAN or its affiliates.)
Alicia Summers
Inflation Rises More Than Expected, Posing Dilemma For Federal Reserve
Today, inflation rose again, surpassing expectations. The Bureau of Labor Statistics’ Consumer Price Index (CPI) underscores the ongoing challenge faced by the Federal Reserve in meeting its target goals of reducing inflation to 2%. Inflation increased by 3.5% compared to last March, marking a faster pace than February’s 3.2%.
Business
US small-business sentiment slides to lowest level in more than 11 years
NFIB said its Small Business Optimism Index fell 0.9 point to 88.5 last month, the lowest level since December 2012.
Alan Becker
Inflation Increases to 3.2% in February
The latest Consumer Price Index report for February is in, showing an unexpected increase in annual inflation to 3.2 percent, exceeding analysts’ predictions of 3.15 and marking a notable increase from January’s figures.
4.9% In Q3
Economic Update: GDP Revised Down To 4.9% In Q3
In the latest economic update, our GDP, encompassing all the goods and services we produce, increased by 4.9% in Q3 this year, revised down from the initial 5.2%.