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What P&G Price Hikes Tell About Basic Consumer Goods Inflation

P&G's price hikes may continue as the company faces cost pressures on several fronts.

Key US Inflation Gauge Cools Further As Rate Hikes Bite

The US central bank's preferred inflation gauge cooled again in June, although spending remained resilient

A key indicator of US inflation cooled in June to the lowest annual rate in over two years, although this remains above the central bank's target, according to government data released Friday.

Will US Dodge A Recession? Analysts Weigh In On Outlook

US consumer inflation rose 3.0 percent from a year ago in June 2023, official data showed, the lowest since March 2021

Signs are emerging that the U.S. economy may not enter into a recession in 2023, as previously predicted. Recent inflation and jobs data shows signs that the U.S. economy is starting to cool.

People shop in a grocery store in Manhattan, New York City

US Consumer Inflation Remains A 'Core' Problem

Wednesday's data showed inflation is at its lowest since early 2021, but it remains a "core" issue for the US economy.

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An eagle tops the U.S. Federal Reserve building's facade in Washington

Why Rising Interest Rates Won't Push The US Economy Into A Recession

In its regular June meeting last week, the Fed sent a clear and loud message to markets: Fighting inflation isn't done. Interest rate hikes will continue for the rest of the year until inflation reaches the official goal of 2%.

US Retail Sales Rise 0.3% In May, Showing Consumer Spending Is Holding Up - IBT Graphics

The surprise data indicates that consumer spending has remained resilient despite an elevated inflation rate and the headwinds in the economy.

The Fed has raised its benchmark lending rate by 500 basis points since March 2022.

Fed Starts Interest Rate Meeting As Inflation Continues To Cool

The US Federal Reserve on Tuesday kicked off a two-day meeting to set its benchmark lending rate, with fresh signs of cooling inflation increasing the chance it will pause its aggressive cycle of rate hikes.

Walmart has gained market share in US grocery with higher income shoppers in an inflationary period

Walmart Lifts Forecast As It Wins US Grocery Consumers Due To Inflation

Walmart lifts forecast as it wins US grocery consumers due to inflation

Elevated inflation is eroding the value of workers' wages, causing mass strikes across Britain

UK Economy Ekes Out Growth In First Quarter

After narrowly avoiding recession last year, the economy advanced 0.5 percent in January before flattening in February and sliding 0.3 percent in March, the Office for National Statistics said in a statement.

A Wall Street sign outside the New York Stock Exchange

Inflation Keeps Falling, Sending Stocks, Bonds Higher On Wall Street

The latest inflation data shows prices continue to drop, which is good news on Wall Street.

The US economy added 236,000 jobs in March, slowing from earlier months amid signs that the economy is cooling

Job Gains, Rising Real Wages Could Change The Game On Wall Street

The U.S. economy continues to churn out more jobs at a healthy rate, according to the U.S. Bureau of Labor Statistics.

A security guard walks in front of an image of the Federal Reserve following the two-day Federal Open Market Committee (FOMC) policy meeting in Washington, March 16, 2016.

May FOMC Meeting: To Hike Or Not To Hike

Compounding the Fed's dilemma is a wave of regional bank failures, which raises the prospect of a credit crunch that could further limit liquidity and push a weakening economy into a recession.

US economic growth slowed in the first quarter, with analysts noting that consumer spending is weakening

US Consumers Keep Spending Despite High Inflation, Rising Interest Rates

U.S. consumer spending remains strong despite high inflation and rising interest rates.

There is growing speculation the Federal Reserve will cut interest rates by the end of the year

Earnings Update: Has Wall Street Priced In The Bad News?

"The implications for earnings are not great news: the Financials sector is still expected to drive earnings growth in 2023," Amanda Agati, chief investment officer at PNC Asset Management Group, said.

A bank employee counts U.S. dollar notes at a Kasikornbank in Bangkok

Investors Cut Cash Holdings As Market Focus Shifts To Inflation

Investors cut their cash holdings for the first time in eight weeks in the week to Wednesday, while shedding equities and gold, according to a report from BofA Global Research on Friday.

Fed officials: no call yet on 50 vs 75 bps rate hike next month

Fed's Harker Sees More Central Bank Action To Quash Inflation Pressures

Federal Reserve Bank of Philadelphia President Patrick Harker said Thursday the U.S.

File photo of United States one dollar bills seen on a light table at the Bureau of Engraving and Printing in Washington

Dollar Eases As US Inflation Cools

The dollar was on the back foot on Thursday after cooler-than-anticipated U.S.

The US housing market may finally be cooling after rebounding sharply in 2020 as the wider economy suffered from the Covid-19 pandemic

Inflation Is Beginning To Beat Home Prices – A Crash Ahead?

Home prices reportedly lagged inflation by 2.5% between July 2022 and January 2023.

High-Tech Stocks, Bitcoin Rally Like March 2020, But How Long Will It Last?

High-technology stocks and cryptocurrencies are rallying like they did in March 2020, but analysts and investors are uncertain how long it will last.

People mourn the death of a relative, who was killed with others in a stampede during handout distribution, in Karachi

Pakistan Posts Highest-ever Annual Inflation; Stampedes For Food Kill 16

Consumer price inflation in Pakistan jumped to a record 35.37% in March from a year earlier, the statistics bureau said on Saturday, as at least 16 people were killed in stampedes for food aid.

A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in New York City

Wall St Gains As Bank Fears Fade, Focus On Inflation Data

Wall Street's main indexes climbed on Thursday as fears of a banking crisis eased, with rate-sensitive realty and technology stocks leading gains ahead of key inflation data that could shape the Federal Reserve's policy path.

Inflation Helps McDonald's Beat Chipotle And Shake Shack

Inflation has changed McDonald's image, turning it into a popular dining place for the young, middle and older generations.

Gasoline prices are displayed at gas station in New Jersey

Falling US Gasoline Stockpiles Signal A Repeat Of Last Summer's High Prices

U.S. motorists face a repeat of last summer's high gasoline prices, analysts warned on Wednesday, with fuel stockpiles heading towards multi-year lows ahead of the peak summer driving season that begins in two months.

Chart showing changes in the benchmark interest rates of the United States Federal Reserve

US Fed To Balance Banking Woes, Inflation In Next Rate Decision

The Federal Reserve has raised rates eight times since last year in the face of decades-high inflation as it looks to cool the economy without tipping it into a recession.

1. The US is in a weaker fiscal shape than Europe.

U.S Economy: Washington Joins Wall Street Fighting The Fed With Fiscal Easing

These days, Wall Street headlines on the U.S. economy are all inflation numbers, substantial job gains, robust retail sales, and persistent income and consumer spending growth.

The Federal Reserve's preferred inflation gauge rose last month from a year ago, suggesting it may take more effort to rein in prices

Consumers Could Be Pushed' Over The Edge' Due To New Inflation Numbers

With prices still high and not likely to come down, and interest rates also likely to climb because of inflation, some consumers could soon be pushed to their financial breaking points, experts warn.

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