Customers shop for groceries at a Walmart store in Secaucus, New Jersey, US, on Tuesday, March 5, 2024.Gabby Jones | Bloomberg | Getty ImagesGoldman Sachs has cut its probability forecast for a U.S. recession to 20% shortly after raising it, as fresh labor market data sparked a reassessment of...
Luke Sharrett/Bloomberg via Getty ImagesEgg prices are climbing, placing the household staple back in the spotlight as consumers stay concerned not only about inflation but the absolute level of prices.July marked a third straight month that egg prices rose on an annual basis, a reversal from a year of...
The past week's data deluge left behind a few distinct impressions: Inflation is on the run, the labor market appears to be OK if no longer on fire, and the economy is not headed off a cliff despite the ever-lingering potential for a substantial slowdown. That's the backdrop for...
An H&M store is seen in Herald Square on July 01, 2024 in New York City. Michael M. Santiago | Getty ImagesConsumer spending held up even better than expected in July as inflation pressures showed more signs of easing, the Commerce Department reported Thursday.Advanced retail sales accelerated 1% on the...
The U.K. economy grew by 0.6% in the second quarter of the year, the Office for National Statistics said Thursday, continuing the country's cautious recession rebound.The reading was in line with the expectations of economists polled by Reuters and follows an expansion of 0.7% in the first quarter.Economic growth...
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...