Tag: inflation
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Stocks rise after soft US inflation reading with Middle East in focus
NEW YORK/ MILAN, July 15 : MSCI’s global equities index rose on Wednesday after a surprise drop in the U.S. inflation reading and a second day of strong earnings reports while oil futures turned lower even as U.S.-Iran hostilities showed no signs of abating. U.S. producer prices were softer than expected i
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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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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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CNBC Daily Open: A chip off the AI block
With the chip sector at the center of market volatility, ASML raises guidance, IBM massively disappoints and SK Hynix regains some confidence.
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Dollar struggles as softer inflation dims Fed hike bets
HONG KONG, July 15 : The dollar extended its weakness on Wednesday after tumbling from a two-week high, as softer-than-expected inflation data curbed bets on a near-term Federal Reserve rate hike, despite concerns that elevated oil prices could fuel inflation risks. Against the yen, the dollar fetched 162.08,
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Social Security cost-of-living adjustment estimate for 2027 falls as inflation cools
New estimates show Social Security’s annual cost-of-living adjustment for 2027 may be between 3.7% to 3.8%. Here’s what to know.
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Stocks gain on softer inflation, bank results while oil rises on US-Iran hostilities
NEW YORK/LONDON July 14 : Shares were up modestly on Tuesday after softer than expected U.S. inflation data and strong second-quarter earnings from major banks, while oil prices rose for a second day as the U.S. and Iran battled for control of the Strait of Hormuz.The U.S. Consumer Price Index increased by a
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Here’s the inflation breakdown for June 2026 — in one chart
The consumer price index rose 3.5% in June from a year earlier, a deceleration after several months of upward moves.
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Watch Fed Chairman Kevin Warsh testify live to House Financial Services committee
In remarks prepared for the appearance, Warsh promised a vigilant fight to return inflation to the Fed’s 2% target.
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US inflation rate eases to 3.5% as gasoline prices fall
While US inflation rate fell in June, concerns remain over prices rising again due to the renewed conflict in the Middle East.
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