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The July CPI inflation report will be released on Tuesday with economists expecting prices ticked higher as more tariffs took ...
Inflation held steady in July as the headline figure for the Consumer Price Index was at 2.7% year-over-year, unchanged from June and lower than the expected 2.8% growth.
The increase in the so-called personal consumption expenditure price index points to still-intense inflationary pressures in the U.S. economy.
The volatility in economic data was front and center with the recent release of numbers on gross domestic product, which came ...
The central bank typically aims to hold long-run inflation at an annual rate of 2%, as measured by the Personal Consumption Expenditures Price Index.
The inflation rate stayed at 2.7% in July after it climbed more than expected in June.
The core Consumer Price Index picked up to 3.1% Y/Y in July, its highest level since February, exceeding the 3.0% consensus ...
Although there were some price increases for consumer goods last month, the overall effects of higher tariffs remain limited and will likely not be a hindrance to the Federal Reserve cutting interest ...