5 Things Fed Chair Powell Might Address At Jackson Hole
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A new Bankrate report shows that while wages are slowly catching up, they still lag behind the surge in prices that began during the pandemic.
Fresh worries about inflation soured Americans on the economy in early August, underscoring lingering anxiety about the highest U.S. tariffs in decades and a further rise in unemployment.
Inflation held steady in July and ran slightly cooler than expected, increasing the odds of a Federal Reserve rate cut next month.
The White House says that tariffs haven’t caused inflation in the world’s biggest economy, but a series of recent data releases this week could soon challenge that view.
Here's what new data from the producer price index says about where inflation is headed, according to economists.
Chicago Federal Reserve Bank President Austan Goolsbee on Friday left the door open to supporting an interest-rate cut in September should fresh data prove reassuring, but said recent reports showing a rise in services inflation give him some pause amid what he calls the "stagflationary" impulse from tariffs.
"Despite this firmness, the tariff pass-through effect on consumer prices arguably has been less bad than expected so far."
The reality is that consumer inflation (the kind regular schmoes like us feel) was pretty mild. Certain items are getting more expensive, like housing and meat, while others, like gasoline, have fallen. But wholesale inflation (the kind businesses feel when making the stuff we buy), is another story.
LA PAZ, Aug 17 (Reuters) - Voters in Bolivia are gearing up for a general election on Sunday that has been overshadowed by inflation at a four-decade high and the absence of former leftist President Evo Morales, who is barred from running.
Federal Reserve policymakers will be debating whether stubborn inflation or slower hiring is the bigger problem for the economy as they prepare for an annual conference in Jackson, Wyoming, next week and a crucial policy meeting in September.
Even with restaurant and menu costs soaring over the past few years, Olive Garden is keeping the price of one promotion constant.
2don MSN
Inflation alarm bells went off again and prices are rising. Just how bad is it going to get?
The biggest increase in wholesale prices in three and a half years stunned Wall Street, but is tariff-related inflation really set to soar? The proof is far from ironclad.
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