Wholesale prices were unchanged in July, delivering another better-than-expected inflation report and adding to signs that price pressures may finally be moving in the right direction. Why it matters: Producer prices can provide an early indication of inflation pressures that ...
Consumer prices rose modestly in July, matching economists’ expectations and providing additional evidence that the inflation pressures created by the Iran war and surge in energy prices are beginning to ease. Energy continues to improve: Energy prices fell 1.5% in ...
Markets are preparing for a pivotal inflation report Wednesday that could go a long way toward determining whether the Federal Reserve raises interest rates in September. Why it matters: Investors are almost perfectly divided over the Fed’s next move, meaning ...
American household debt declined in the second quarter for the first time in six years, offering an encouraging sign about consumer finances despite continued growth in credit card and auto debt. Why it matters: Household debt has climbed steadily in ...
America’s emergency oil stockpile has fallen below 300 million barrels for the first time in more than four decades, leaving the U.S. with a significantly smaller cushion as war and disruptions in the Strait of Hormuz keep energy markets on ...
Markets are off to a relatively quiet start Wednesday after a blockbuster session that saw all three major U.S. stock indexes close at record highs while Treasury bonds continued to rally. Why it matters: Investors are balancing optimism over easing ...
Markets get their first look at the labor market today as Jobs Week begins with the release of the closely watched JOLTS report. Why it matters: The labor market has remained stronger than expected despite elevated interest rates, and this ...
U.S. manufacturing activity surged to its strongest level in more than four years in July, signaling the factory sector continues to power the economy despite elevated interest rates. Why it matters: Stronger manufacturing and hiring point to a resilient economy, ...
With the first day of the month falling on a Saturday, this will be a later-than-usual jobs week. Economists expect the labor market to continue cooling, with the U.S. economy forecast to have added just 85,000 jobs in July. The ...