Is there a decline in consumer spending? Here's what CEOs are saying – Business News (Trending Perfect)

[ad_1] People walk past Sweetgreen restaurant in Manhattan on September 14, 2023. Jenna Moon | The Washington Post | Getty Images As prices and interest rates continue to rise, Chipotle Burrito bowls and European vacations are still on the table for many consumers. But Big Macs and kitchen remodels are not. The latest round of … Read more

Fed Chair Powell says there has been “no further progress” this year on inflation – Top Stories (Trending Perfect)

[ad_1] Federal Reserve Chairman Jerome Powell speaks during a news conference following a two-day closed-door meeting of the Federal Open Market Committee on the Federal Reserve's interest rate policy in Washington, D.C., on December 13, 2023. Kevin Lamarque | Reuters Federal Reserve Chairman Jerome Powell said Tuesday that the U.S. economy, while strong, has not … Read more

Fears of rising inflation sent markets tumbling and Federal Reserve officials scrambling – Top Stories (Trending Perfect)

[ad_1] Advertising units for rent are displayed outside a Manhattan building on April 11, 2024 in New York City. Spencer Platt | Getty Images Early data points to the path of inflation through the first three months of 2024, and the news so far is not good. Choose thickness. Whether it's log prices or wholesale … Read more

Wholesale prices rose 0.2% in March – Global News (Trending Perfect)

[ad_1] A measure of wholesale prices rose less than expected in March, providing some potential relief from concerns that inflation will remain higher for longer than many economists expected. The Producer Price Index rose 0.2% during the month, less than the Dow Jones estimate of 0.3% and not the same 0.6% increase in February, according … Read more

Consumer prices rose 3.5% year over year in March – Top Stories (Trending Perfect)

[ad_1] The consumer price index accelerated faster than expected in March, pushing inflation higher and likely dashing hopes that the Federal Reserve could cut interest rates anytime soon. The Consumer Price Index, a broad measure of the costs of goods and services across the economy, rose 0.4% during the month, bringing the 12-month inflation rate … Read more

Wednesday's report is expected to show little progress against inflation – Global News (Trending Perfect)

[ad_1] Gas prices are displayed at a gas station on March 12, 2024 in Chicago, Illinois. Scott Olson | Getty Images The closely watched Labor Department report released on Wednesday is expected to show that little progress has been made in the battle to lower inflation. If so, that would be bad news for consumers, … Read more

The Indian central bank is maintaining interest rates, looking forward to the disappearance of inflation – Global News (Trending Perfect)

[ad_1] India's central bank kept its key interest rate on hold for the seventh straight policy meeting on Friday as economic growth is expected to remain strong while inflation remains above the 4% target level. Bloomberg | Bloomberg | Getty Images India's central bank kept its key interest rate unchanged for the seventh straight policy … Read more

El-Erian says that the Fed has turned into a theatrical commentator – Top Stories (Trending Perfect)

[ad_1] Muhammad Ali Al-Erian, economic advisor to Allianz SE. Bloomberg | Getty Images The US Federal Reserve has become too dependent on data and has lost its overall strategy, Mohamed El-Erian, chief economic advisor at Allianz, said on Friday. The economist told CNBC that a longer-term, more strategic outlook could see policymakers settle on a … Read more

The Fed's Powell stresses the need for more evidence that inflation is falling before cutting interest rates – Top Stories (Trending Perfect)

[ad_1] Federal Reserve Chairman Jerome Powell speaks during the Stanford Forum on Business, Government and Society at Stanford University on April 03, 2024 in Stanford, California. Justin Sullivan | Getty Images Federal Reserve Chairman Jerome Powell said on Wednesday that it will take some time for policymakers to assess the current state of inflation, making … Read more

Gold breaks records again as inflation fears emerge in the US – Business News (Trending Perfect)

[ad_1] Written by Shirin Elizabeth Varghese (Reuters) – Gold prices extended their record rise on Wednesday as fears of rising inflation boosted demand for gold as a hedge, with bullion traders shrugging off doubts about an imminent U.S. interest rate cut and rising Treasury yields. By 0406 GMT, the spot price of gold rose 0.3 … Read more