Waller and Williams Point to September for Rate Reductions
Category: Economy Total Views: 71By : Addison Perry Updated: 07-17-2024
Fed Officials Signal Closer Move to Interest Rate Cuts
Top Federal Reserve officials say the U.S. central bank is almost decided on lowering interest rates. Better inflation patterns and a more balanced labor market help to support this change. Recent comments by Fed Governor Christopher Waller and New York Fed President John Williams both underlined this. Their implication of a possible September rate cut shows faith in the present course of the economy. Thomas Barkin, President ... Read More
Fed Rate Cut Prospects Unchanged Amid Steady Retail Sales
Category: Economy Total Views: 70By : Olivia Taylor Updated: 07-16-2024
June Retail Sales Remain Steady Amid Economic Resilience
U.S. retail sales stayed the same in June, proving consumer resilience and bolstering second quarter prospects for economic growth. Strength in other areas more than balanced a drop in auto dealership receipts. May's sales turned out to be higher than first projected, according the Commerce Department. This information fits the theory that, as inflation cools, the Federal Reserve might start lowering interest rates in Se... Read More
Fed Rate Cuts Expected Despite PPI Increase
Category: Economy Total Views: 68By : Dylan Bailey Updated: 07-13-2024
June Producer Prices Surpass Expectations Amid Rising Service Costs
Rising service costs caused U.S. producer prices in June to rise somewhat more than expected. After unchanged in May, the producer price index (PPI) for final demand climbed 0.2% last month. Forecasts by economists for a 0.1% rise The PPI increased by 2.6% in June, the biggest year-on-year increase since March 2023. Much of this increase in service prices—especially a 1.9% rise in trade services margins&mdas... Read More
Moderate Growth Expected by Central Banks in Coming Years
Category: Economy Total Views: 86By : Addison Perry Updated: 07-11-2024
Geopolitical Conflicts: A Major Risk to Global Economy
By central bank reserve managers, geopolitical conflicts are considered as the most major threat to the world economy. An annual UBS Asset Management survey indicates that the main risk identified by 87% of respondents is growing geopolitical tensions. These conflicts provide a significant obstacle even with a generally good economic picture. Overlooking almost $15 trillion in assets, reserve managers are worried about possibl... Read More
Unexpected Drop in U.S. Consumer Prices for June
Category: Economy Total Views: 90By : Lucas Young Updated: 07-11-2024
Surprising June U.S. Consumer Price Drop
U.S. consumer prices dropped rather suddenly in June. This was a big change from the data of the previous month. After not changing in May, the Consumer Price Index (CPI) sank 0.1%. Many economists who had expected a modest rise were taken aback by this fall. The CPI drop points to a possible inflation cooling. The news strengthens the conviction that the trend of disinflation is starting to pick speed. This surprising decline can affect ne... Read More