As the current earnings season ends, companies listed in the Standard & Poor’s 500 index are “handily beating expectations” after the tariff war, a weakened job market, and tighter consumer spending had lowered forecasts, The Wall Street Journal reported.
Tag: inflation
U.S. PRODUCER PRICES CLIMB BY MOST IN THREE YEARS
U.S. wholesale prices jumped 0.9 percent in July, their biggest monthly increase since June 2022. Producers’ margins increased, indicating that a significant number of them are passing tariff costs through to their customers, Bloomberg noted.
U.S. RETAIL SALES ROSE IN JULY AMID WARNING SIGNS
The dollar value of U.S. retail sales increased by 0.5 percent in July, more than inflation rose, on stronger sales of passenger vehicles and heavy promotions by Amazon and Walmart.
CONSUMERS’ MOOD HAS DARKENED IN AUGUST
Consumers are no longer fearing a short-term economic catastrophe from Donald Trump’s tariff war, but they do expect higher prices and fewer jobs, according to this month’s survey of consumer sentiment by the University of Michigan.
INFLATION CREEPS HIGHER IN JULY AS SERVICE PRICES CLIMB
In July, consumer prices rose 0.2 percent from June, as economists forecasted, and grew by 2.7 percent year on year.
GOING OUT OF BUSINESS TRENDS
The economic landscape has presented an array of challenges that will profoundly affect the business community this year.
SHOCKING U.S. INFLATION WARNING PROJECTION. (6-12 MONTHS OUT). THE 4 THINGS YOU NEED TO DO NOW.
Inflation/currency devaluation here in the US is picking up momentum RAPIDLY. Moreover, there is not a single roadblock being put up to slow it down.
U.S. INFLATION ROSE AGAIN IN JUNE
In June, consumer prices ticked up 0.3 percent from May and rose at a 2.6-percent annual rate, according to the Personal Consumption Expenditures Price Index, the U.S. Federal Reserve’s preferred measure of inflation.
LUXURY BRANDS SLOW PRICE HIKES AS CUSTOMERS BALK
After years of raising prices far higher and faster than the rate of inflation, luxury brands are slowing their increases as a key customer group cuts purchases.
ECB HOLDS INTEREST RATES FIRM AS A BULWARK AGAINST TARIFF UNCERTAINTY
On 24 July, the European Central Bank (ECB) decided to hold its key policy rate at 2 percent after reducing it eight times in a row over the past 13 months.