Signs reading, 'please bear with us: we are currently experiencing interruptions in our supply chain which may affect the availability of certain products,' is seen taped to the drive-up menu at a Wendy's restaurant on May 06, 2020 in Miami, Florida. Joe Raedle | Getty Images News | Getty ImagesInflation...
Product prices as seen at Walmart. Courtesy: WalmartThe news Tuesday was good for inflation, and investors hope it will get even better Wednesday when the Labor Department releases the July consumer price index report.With the score being one down, one to go on confirming that the early-year jump in prices...
A key measure of wholesale inflation rose less than expected in July, opening the door further for the Federal Reserve to start lowering interest rates.The producer price index, which measures selling prices that producers get for goods and services, increased 0.1% on the month, the Labor Department's Bureau of...
People shop at a grocery store in Brooklyn on July 11, 2024 in New York City.Spencer Platt | Getty ImagesConsumers grew more confident in July that inflation will be less of a problem in the coming years, according to a New York Federal Reserve report Monday that showed the...
A general view of the Eiffel Tower with the Olympics rings pictured with national flags of competing countries from the Place du Trocadero ahead of Paris 2024 Olympic Games on July 21, 2024 in Paris, France.Kevin Voigt | Getty Images Sport | Getty ImagesThe Olympic Games are causing...
Jeremy SiegelScott Mlyn | CNBC Wharton School Professor Jeremy Siegel no longer thinks it's vital for the Federal Reserve to implement an emergency interest rate reduction, but still wants policymakers to cut quickly and aggressively.Siegel caused a stir Monday when he told CNBC that Fed Chair Jerome Powell and...
Republican presidential candidate former President Donald Trump speaks during a press conference at his Mar-a-Lago estate on August 08, 2024, in Palm Beach, Florida. Joe Raedle | Getty ImagesRepublican presidential nominee Donald Trump on Thursday said that he should have a voice when the Federal Reserve makes its decisions on...
JPMorgan upped the likelihood it sees for the U.S. economy entering a recession this year, the latest sign of concern around the country's financial health following the market turbulence this week. The bank raised its probability for a U.S. or global recession to 35% by year end, chief global...
Initial claims for unemployment insurance totaled less than expected last week, countering other signs that the labor market is weakening.First-time filings for jobless benefits came to a seasonally adjusted 233,000 for the week, a decline of 17,000 from the previous week's upwardly revised level and lower than the Dow...
Shipping giant Maersk, considered a barometer for global trade, is not seeing signs of a U.S. recession as freight demand remains robust, the company's chief executive said Wednesday."We've seen in the last couple of years, actually, [the shipping container] market remaining surprisingly resilient to all the fear of recessions...