The annual inflation rate fell to 2% in May, meaning it’s finally reached the Bank of England’s long-term target. This…
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14 minutes ago By Tom Espiner, BBC business reporter • Faisal Islam, Economics editor, @faisalislam Getty Images Inflation has hit the Bank of England’s target for…
Read More »:max_bytes(150000):strip_icc()/GettyImages-170617884-58ab8c58a6e940399e1b838382cd1190.jpg?w=780&resize=780,470&ssl=1 "Fed Officials Still Uncertain About Rate Cuts Despite Inflation Improvements")
Key Takeaways Federal Reserve officials pointed to “uncertainty” about the direction of the U.S. economy, saying recent data wasn’t enough…
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7 hours ago By Felicity Evans, Money editor, BBC Wales News BBC Self-employed carpenter Justin Williams says he was hit by the…
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Key Fed inflation metric expected to drop June 28 following unexpected decline in May wholesale prices and jump in jobless…
Read More »:max_bytes(150000):strip_icc()/GettyImages-1324728773-c0d0b4768285423b80487a6863782342.jpg?w=780&resize=780,470&ssl=1 "Declining May Wholesale Inflation Shows More Easing of Price Pressures")
Key Takeways The Producer Price Index (PPI), a measure of wholesale inflation, dropped in May. The decline in PPI was…
Read More »:max_bytes(150000):strip_icc()/GettyImages-2156374369-ebe47f5e9f0946ac801213175db60ae3.jpg?w=780&resize=780,470&ssl=1 "What to Expect From Wednesday’s Closely Watched CPI Inflation Report")
Key Takeaways Forecasters expect an inflation report on Wednesday to show May was a tame month for consumer price increases.…
Read More »:max_bytes(150000):strip_icc()/GettyImages-2089839807-7157ffb79f4a42f780d18d26b8338573.jpg?w=780&resize=780,470&ssl=1 "Five Below Sales Suffer as Inflation Hits Its Customers")
Key Takeaways Five Below missed quarterly earnings and revenue estimates and cut its outlook as inflation led its lower-income customers…
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Forbes InvestorInvesting Newsletters Taesik Yoon Forbes Staff Forbes Investor Investing Newsletter View Full Portfolio Jun 3, 2024,06:47pm EDT Updated Jun…
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Among prominent economists, no one was more explicit than former Treasury Secretary Larry Summers in warning that President Joe Biden…
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