The Personal Consumption Expenditures Price Index, which is the U.S. Federal Reserve’s favorite inflation measure ticked up just 0.1 percent in August from July, its smallest rise in three months, the Bureau of Economic Analysis reported.
Tag: inflation
Post
WILL FED’S RATE CUT HELP THE HARRIS CAMPAIGN?
The numbers show that the U.S. economy, while Joe Biden and Kamala Harris have been in the White House, is not gloom or doom.
Post
FED CUTS RATES BY A HALF POINT
In its first interest rate reduction in four years, the U.S. Federal Reserve cut its policy rates by a half point last week, opting for a larger cut than the quarter-point drop that had been expected for most of this year.
Post
RUSSIA’S CENTRAL BANK RAISES INTEREST RATE AGAIN
For the second time in as many meetings, the Bank of Russia’s governing committee raised the bank’s key interest rate, adding a full percentage point and lifting the rate to 19 percent.
Post
ECB CUTS KEY INTEREST RATE BY QUARTER POINT
On 13 September, the European Central Bank (ECB) shaved a quarter point from its policy interest rate, cutting it to 3.5 percent as inflation slowed to 2.2 percent and indicators showed the Eurozone’s economy staggering.
Post
BANK OF CANADA CUTS INTEREST RATE A THIRD TIME
The Bank of Canada has cut its key interest rate for a third time in as many meetings, dropping it by a quarter point to 4.25 percent.
Post
EUROZONE INFLATION SLOWS TO 2.2 PERCENT IN AUGUST
After peaking at 10.6 percent in October 2022, inflation in the 20-country Eurozone slowed to 2.2 percent in August, moving down from 2.6 percent in July and nearly reaching the European Central Bank’s 2-percent target.
Post
EUROZONE FACTORY ACTIVITY CONTRACTS AS ASIA, U.K. IMPROVE
The Hamburg Commerce Bank’s purchasing managers' index (PMI) for the 20-country Eurozone’s manufacturing industry rated factory activity at 45.8 in August, well below the 50 mark that separates decline from growth.
Post
HOUSING AFFORDABILITY TOP CONCERN
In a new Gallup survey, half the respondents in the world’s wealthiest countries—including 60 percent of U.S. residents—cited the lack of affordable housing as their chief worry, edging out education, healthcare, and other urgencies.
Post
FED OFFICIALS MULL HALF-POINT RATE CUT
Now that markets have priced in a 100-percent certainty that the U.S. Federal Reserve will cut its policy interest rates next week, speculators are wondering how large the cut will be.