Goldman sees the Fed cutting rates in first half of next year as inflation falls
Goldman Sachs projects that the Federal Reserve will begin cutting interest rates in the first six months of 2024, according to a forecast over the weekend that the bank’s economists…
Yen breaches 145 level against USD, raises expectations BOJ may intervene
Japanese yen and U.S. dollar banknotes are arranged for a photograph in Tokyo, Japan. The U.S. dollar pushed to a fresh two-decade high versus major peers on Thursday, propelled by…
What Wall Street’s Top Recession Gauge Is Saying Now
Listen to article (1 minute) Wall Street is growing confident the U.S. can avoid a recession. But one key market indicator is still sending seemingly bleak signals. Copyright ©2023 Dow…
Wholesale prices rose 0.3% in July, higher than expected
A measure of wholesale prices rose more than expected in July, countering recent trends showing that inflation pressures are easing. The producer price index, which gauges the costs that goods…
CPI inflation July 2023: Inflation rose 3.2% annually
The consumer price index rose 3.2% from a year ago in July, a sign that inflation has lost at least some of its grip on the U.S. economy. Prices accelerated…
High prices are still a problem
Gas station signboards display prices in Bethesda, Maryland on August 6, 2023. Mandel Ngan | AFP | Getty Images Thursday’s consumer price index report likely will show that the pace…
Philadelphia Fed President Patrick Harker suggests interest rate hikes are at an end
Patrick Harker at Jackson Hole, Wyoming David A. Grogan | CNBC Philadelphia Federal Reserve President Patrick Harker on Tuesday indicated that the central bank could be at the end of…