Prices that consumers pay for a variety of goods and services rose 8.5% in July from a year ago, a slowing pace from the previous month.
Food prices fell sharply in July — but the respite may not last
Global food prices slid in July, but there are doubts over whether the good news will last as, among other things, the Russia-Ukraine grain deal appears shaky.
The easing of inflation pressures is giving the economy some breathing room, for now
If inflation has been the biggest threat to U.S. economic growth, then July’s data should provide signs that there’s at least some relief in the pipeline.
This was a good week for inflation numbers, but whether it can last is the big question
With Americans already paying huge bills for food, energy and a host of other items in their daily lives, any respite is a welcome one.
Wholesale inflation fell 0.5% in July, in another sign that price increases are slowing
The producer price index, which gauges the prices received for final demand products, fell 0.5% from June.
Retail sales little changed in July amid fall in gas prices and drop in auto sales
Retail activity was flat in July as falling fuel prices held back gas station sales and consumers turned more heavily to online shopping.
Inflation peaking? 10 common consumer items where prices are falling
While overall inflation remains high, the prices of some common items are beginning to tick down.
Fed’s Bullard sees more interest rate hikes ahead and no U.S. recession
St. Louis Fed President James Bullard said the central bank will continue raising rates until it sees compelling evidence that inflation is falling.
Danger ahead: The U.S. economy has yet to face its biggest recession challenge
You’d be hard-pressed now to find a recession in the rearview mirror. What’s down the road, though, is another story.
These charts show why we may not be in a recession
If the U.S. economy is in recession, someone forgot to tell the jobs market.