Sorry President Biden, those inflation numbers totally suck
The White House's attempt to spin new inflation data positively reveals major uncertainties around the effectiveness of rate cuts and the impact on the economy.
Where the U.S. economy stands halfway through 2024
The U.S. economy faces challenges with persistent inflation, slower rate cuts, and signs of slowing growth despite a favorable overall outlook for workers and investors.
June 2024 FOMC preview: Still standing - London Business News | Londonlovesbusiness.com
The FOMC is expected to maintain current policy and guidance, waiting for more data on inflation before considering rate cuts.
Where the U.S. economy stands halfway through 2024
The U.S. economy faces challenges with persistent inflation, slower rate cuts, and signs of slowing growth despite a favorable overall outlook for workers and investors.
June 2024 FOMC preview: Still standing - London Business News | Londonlovesbusiness.com
The FOMC is expected to maintain current policy and guidance, waiting for more data on inflation before considering rate cuts.
NVIDIA and Tesla Lead $599 Billion Magnificent 7 Sell-Off in Thursday Trading
There was a significant reversal in the market on Thursday with the Russell 2000 surging as the Nasdaq-100 fell, driven by a cooler-than-expected CPI and potential rate cuts.
US CPI to provide the FOMC with further confidence in the disinflationary process - London Business News | Londonlovesbusiness.com
US CPI report indicates progress towards 2% target, with no change in headline CPI MoM and core CPI at a 3.4% low.