U.S. Consumer Prices Rose 3.7% In September
Inflation continued to rise as U.S. consumer prices rose 3.7% in the year through September. This showed that it is holding steady from the previous month.
Federal Reserve Paused Raising Short-Term Interest Rates
The Federal Reserve paused raising the key short-term interest rates but signaled that another rate hike is likely before the end of the 2023 to try keeping inflation down.
Inflation Rose 3.7% in August
Because of an increase in gas prices, inflation rose, for a second straight month, 3.7% for August.
U.S. Consumer Prices Rose 3% Through June 2023
The U.S. consumer prices rose 3% for the year through June 2023. Inflation has cooled this year compared to last summer’s 9%.
Federal Reserve Occicials Agreed to Not Raise Interest Rates Right Now
The Federal Reserve officials have agreed to not raise interest rates right now after 10 consecutive rate increases. The offiicals have signaled more increases in the future if inflation doesn’t…
Inflation Still Shows Signs of Slowing Down in April
Signs of inflation slowing down as prices rose 4.9%.
U.S. Consumer Price Index Showed that Inflation Has Cooled
U.S. Consumer Price Index data showed that inflation has cooled slightly to 6.4% in the last year.
Inflation Slowed for the 3rd Straight Month
For the month of December, inflation has slowed for the 3rd straight month to 6.5% helped by cheaper fuel costs.
United States Bought More in October
United States households raised spending in October as inflation’s pace eased some.
The Consumer Price Index Rose 7.7% in October
The Consumer Price Index data was released for the 2022 through the month of October. The CPI rose 7/7% showing that inflation is slowing down.
Federal Reserve Approved a 0.75 Point Rate Increase
The U.S. federal reserve appoved a fourth 0.75 percentage point rate increase to slow down inflation.
European Central Bank Raised Interest Rates 0.75 of a Percentage Point
To try and stop inflation, the European Central Bank has raised interest rates 0.75 of a percentage point for the second straight time in a row.
The U.S. Economy Added 263,000 Jobs In September
The American economy added 263,000 jobs in September, a continued sign of slower growth in the economy because of higher interest rates and inflation continuing to rise. The unemployment rate…
Stocks Fell Hard Today on Inflation Concerns
The Dow Jones Industrials Average fell 2.8%, Nasdaq fell 2.5% and the S&P 500 fell 2.8% for the day on concerns surrounding inflation. Stocks fell 1.8% for the week alson.
Tesla Posted Record Profits
Tesla posted record profits for the latest quarter, but showed there could be a bumpy road ahead for the company as inflation and supply problems become an issue.
Consumer Prices Increased to 8.5% Last Month to the Highest Level in 41 Years
Consumer prices increased 8.5% last month, sending United States inflation to their highest level since 1981.
Inflation and Consumer Spending Both Rose in February
Inflation levels rose 6.4% in February and consumer spending rose 0.2% last month as well.
Rent-A-Center Shares Fell 36%
Rent-A-Center saw their shares plummet 36% in off hours trading after they announced their results were hurt by supply chain shortages, inflation and a pullback of government relief programs which…
Shake Shack Shares Dropped 11%
In off hours trading, Shake Shack shares saw their shares fall 11% because inflation hurt their latest quarter.
US Retail Sales Grew Last Month
United States retail sales grew by 3.8% in January as inflation continued soaring.
British Pound Rose to Its Strongest Level Versus the Euro
Data showed the United Kingdom’s annual Consumer Price Index’s inflation rose 4.2% in October which caused the British Pound soared to its strongest position against the Euro since 2/2020. This…