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.
Tag: U.S. Economy
Post
U.S. ECONOMY GREW MODESTLY IN THIS YEAR’S FIRST HALF
Adjusted for inflation, the U.S. GDP grew by 1.25 percent during the first six months of this year, initial government data indicates.
Post
WHERE THE JOBS ARE—AND AREN’T
Of the 73,000 jobs the U.S. economy birthed in July, 55,000 were in healthcare, a traditionally low-paying industry that has led job creation in most months this year.
Post
JOB MARKET BUST: ONLY 73,000 NEW JOBS ADDED IN JULY
The U.S. economy added a net 73,000 nonfarm jobs last month, well below economists’ modest expectation of 100,000, the Bureau of Labor Statistics reported.
Post
ECONOMIC UPDATE—MARKET OVERVIEW
Again, again, and again, week-after-week, month-after-month, as we have detailed, another Wild Card and another Trump Card are played, and where it goes, nobody knows.
Post
POOR JOBS REPORT HALTS U.S. DOLLAR’S COMEBACK
The dollar’s value increased 1.5 percent against a collection of other major currencies last week, the London Stock Exchange Group reported, marking the buck’s best week since last November’s presidential election.
Post
SPOTLIGHT: BIGS GETTING BIGGER
After a year of regulatory review—and after a change in presidential administrations—the three-member U.S. Federal Communications Commission (FCC) has approved Skydance Media’s $8-billion acquisition of Paramount Global.
Post
SPECIAL REPORT: TRUMP’S TARIFF WAR
The U.S. treasury has raked in an additional $55 billion so far in Donald Trump’s tariff war and most of it has come out of Corporate America’s pocket, The Wall Street Journal reported.
Post
U.S. ECONOMIC BRIEFS
American companies did more business overall this month as manufacturing sagged and the service sector showed its strongest month since December.
Post
HIGH INTEREST RATES, RECORD PRICES SINK JUNE U.S. HOME SALES
The spring selling season, the year’s busiest for residential real estate, flopped this year as mortgage interest rates were stuck above 6.5 percent and the median home price set a record in June.