June wholesale prices rise less than expected in another encouraging inflation report
The PPI for final demand rose 0.1%. Economists surveyed by Dow Jones were expecting a rise of 0.2%.
Inflation rose just 0.2% in June, less than expected as consumers get a break from price increases
The consumer price index was expected to increase 0.3% in June and 3.1% from a year ago.
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Biden advisor defends stimulus and inflation surge: ‘The real cause was the global pandemic’
Heather Boushey is a member of President Joe Biden's Council of Economic Advisers.
This is ‘the end of the beginning’ of the battle against inflation, economist says
Top Societe Generale economist Kokou Agbo-Bloua said: "The central banks need to trigger a recession ... but we're not there yet."
Fed’s Goolsbee sees ‘golden path’ to lower inflation without a recession
Goolsbee said he's confident inflation can be tamed without a recession, even with additional rate increases likely.
The unemployment rate among Black workers increased in June for the second month in a row
The overall U.S. unemployment rate inched lower in June, but a negative trend in employment among Black workers may be developing.
Payrolls rose by 209,000 in June, less than expected, as jobs growth wobbles
Nonfarm payrolls were expected to increase by 240,000 and the unemployment rate to fall to 3.6% in June.
Payrolls report Friday likely to show a jobs market that is still hot
The consensus estimate is that payrolls rose by another 240,000 in June and the unemployment rate is projected to nudge lower to 3.6%.