INFLATION

Inflation in Canada eased to two percent year-on-year in August, hitting the target set by the country's central bank and marking its slowest increase since February 2021, official data showed Tuesday.

The U.S. economy appears to have cleared the final hurdle for the Federal Reserve to reduce interest rates next week with Thursday's data showing wholesale prices on target with projections.

The new data come ahead of an expected interest rate cut by the Fed.

Last year's median income was $80,610, up an inflation-adjusted 4% over 2022 and marked the first statistically significant increase since 2019.

Two generations of Americans are increasingly opting against parenthood, and they blame it on the rising cost of raising children, according to a new study from MassMutual.

The latest Survey of Consumer Expectations showed little difference from a month earlier, with the biggest anticipated price hike involving medical care.

It pops up to 41,563.08 points fueled by favorable inflation news from the Commerce Department

Mary Daly said the "most likely" outlook involves continued gradual declines in inflation alongside steady and sustainable job growth.

FOMC signaled that a rate cut could be on the table at the upcoming September 17-18 meeting, especially if economic data continues to align with expectations.

As part of their economic platforms, Vice President Kamala Harris and former President Donald Trump have both pledged to reduce costs for Americans.

US consumer inflation eased slightly in July, according to government data published Wednesday, its smallest 12-month increase since March 2021 and a positive sign for the Federal Reserve as it weighs cutting interest rates.

If inflation continues to decline, Schmid said, he would grow more confident that the Fed is on track to achieve its price stability mandate.

The US Federal Reserve's favored inflation measure eased further in June, according to government data published Friday, in more good news for policymakers ahead of next week's interest rate decision.

The European Central Bank is keeping options "wide open" for September, president Christine Lagarde said, after holding interest rates steady Thursday in the wait for more evidence that inflation was on the right track.

The European Central Bank held borrowing costs steady Thursday, giving policymakers more time to assess progress on inflation after last month's first interest rate cut in five years.

The increase in PPI in June was attributed to a sudden rise in final demand services, particularly in trade service margins, which soared 1.9% from May.

The latest economic data could result in long-awaited interest rate cuts after the Consumer Price Index (CPI) -- a key factor in the Federal Reserve's bid to lower inflation -- came in below projections on Thursday.

The US Federal Reserve is making "modest" progress in its inflation fight, the head of the US central bank told lawmakers Tuesday, on the first of two days of testimony in Congress.

The eurozone's annual rate of inflation cooled in June in line with analysts' expectations thanks to a slowdown in food and energy price rises, official data showed on Tuesday.

The U.S. economy got some good news on the inflation front Friday as fresh data saw the personal consumption expenditures (PCE) price index hit its lowest annual rate in May in over three years.

Experts from Wall Street and economic analysts predict Trump's measures could lead to a resurgence of inflation, which has only recently shown signs of cooling.