Tag: breaking news
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Import prices post surprise gain as costs of goods from China hit highest since 2008
Import prices were up 0.3% for the month, as a drop in energy was more than offset by increases elsewhere.
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Economic outlook is worsening and Trump is getting blamed, CNBC survey finds
The public is as depressed about the economy as it has been since the years just after the pandemic, according to the All-America Economic Survey.
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Dallas Fed President Logan calls for ‘modestly’ higher interest rates
The policymaker said this week’s good inflation news wasn’t good enough.
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Bank of Korea raises rates to 2.75% in first hike in over three years
The 25 basis point hike by the Bank of Korea was in line with a survey of economists polled by Reuters.
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Watch Fed Chairman Kevin Warsh testify live before Senate banking committee
Part of congressionally mandated Capitol Hill appearances for the central bank leader, Warsh spoke Tuesday to the House Financial Services Committee.
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New York Fed President Williams says inflation has peaked, rates ‘well positioned’
Williams cited five reasons why he expects the latest price surge has run its course.
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Wholesale prices unexpectedly declined 0.3% in June on big drop in gasoline
As with consumer prices, the index benefited from easing energy costs, particularly as oil fell due to the brief pause in tensions between the U.S. and Iran.
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Oil rises as U.S. continues to strike Iran, reinstates naval blockade of the country’s ports
Oil prices rose Wednesday after U.S. forces struck Tehran and Washington reinstated its naval blockade of Iranian ports near the Strait of Hormuz.
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Consumer prices rose 3.5% annually in June, less than expected as energy prices eased
The consumer price index in June was expected to increase 3.8% from a year ago.
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Warsh promises inflation will be a ‘thing of the past,’ cites benefits of AI investment boom
Warsh pledged Tuesday to “get monetary policy right” and defeat the inflation that has bedeviled the central bank for the past five years.
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