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Key US Inflation Gauge Picks Up on Goods, Spending Barely Rises
The Federal Reserve’s preferred measure of underlying inflation increased in June at one of the fastest paces this year while consumer spending barely rose, underscoring the dueling forces dividing policymakers over the path of interest rates.
New York will send inflation refund checks up to $400 to eligible residents beginning in October—no application required.
The core index that omits energy and food costs also rose by 0.3% in June, but the annual rate ticked up to 2.8% from 2.7% ...
Citi analysts reversed their bearish outlook for gold Monday, predicting bullion will rally to a record high in the near term ...
The Bank of England is widely expected to cut its key interest rate to 4% from 4.25% on Thursday and to lower it once more ...
4hon MSN
Prices could tick higher in 2025 as businesses pass tariff costs onto consumers, Cleveland Fed's Beth Hammack tells CBS News.
American workers are less confident about their retirement savings as inflation makes it harder to divert funds to savings.
7hon MSN
Mexico's headline inflation likely slowed in July, although the core index likely remained above the official target, ...
As a thought experiment, we asked ChatGPT what would happen if inflation dropped to 0% and how this would affect Americans ...
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