Egg prices are rising once again as bird flu limits supply
Egg prices jumped more than 19% in July compared with the same month a year ago, consumer price index data shows.
Consumer spending jumped in July as retail sales were up 1%, much better than expected
Retail sales were projected to increase 0.3% in July, according to the Dow Jones consensus estimate.
UK economy expands 0.6% in second quarter; June growth stalls
GDP has recorded slight but steady growth almost every month so far this year as the U.K. exits a shallow recession.
Annual inflation rate slows to 2.9% in July, lowest since 2021
The consumer price index was expected to show a 0.2% increase in July and a 3% gain over the past year.
Wednesday’s big CPI inflation report could mark a change in thinking for the Fed
The news Tuesday was good for inflation, and investors hope it will get even better Wednesday.
Wholesale inflation measure rose 0.1% in July, less than expected
The producer price index for July was expected to increase 0.2%, according to the Dow Jones consensus estimate.
Three-year inflation outlook hits record low in New York Fed consumer survey
Consumers grew more confident in July that inflation will be less of a problem in the coming years.
Europe inflation may spike on Olympics and Taylor Swift, but UBS says it won’t hit locals’ wallets
According to UBS, the Paris Olympics, as well as the Eras Tour, are causing demand shocks without impacting the average consumers' spending power.
Jeremy Siegel backs off on calls for the Fed to do an emergency interest rate cut
Siegel no longer thinks it's vital for an emergency interest rate reduction, but still wants policymakers to cut quickly and aggressively.