A pair of economic reports this week will show whether inflation is holding strong, receding somewhat or even perhaps increasing as 2024 progresses. First up will be the producer price index for April on Tuesday. The measure of inflation at the wholesale level – the prices businesses pay for the
Selected price indexes (SPI) provide monthly price changes for a selection of goods and services that New Zealand households purchase. Key facts: {chart} {table} Difference between the flow and stock measures of rent: The flow measure of rents captures rental price changes only for dwellings that
The Producer Price Index (PPI), a key inflation indicator that measures wholesale prices, increased by 0.5% last month in April, higher than the 0.3% Dow Jones estimate.
April’s Consumer Price Index (CPI) data shows that inflation’s torrid pace is cooling, at least a bit. But one would be hard-pressed to think anything resembling relief is being felt by the U.S. consumer. As reported Wednesday (May 15), the CPI released by the Bureau of Labor Statistics noted that prices were 0.3% higher in […]
President Joe Biden's migration crisis raises the mortgage rates that burden young couples and families, according to the president of the Federal Reserve Bank of Minneapolis.
A poll shows that more Americans trust former President Donald Trump over President Joe Biden on the handling of inflation and the economy.
GOP Rep. Thomas Massie of Kentucky and more than a dozen other House Republicans are pushing a measure that targets the Federal Reserve System. The measure includes text that declares, "The Board of Governors of the Federal Reserve System and each Federal reserve bank are hereby abolished" and "the Federal Reserve Act is hereby repealed."Massie announced the introduction of the measure on Thursday, the same day that the Dow Jones Industrial Average stock index surpassed 40,000 for the first time...
May 14 was a volatile day for Bitcoin (BTC). The price of the digital currency fell by 3% within a short period after the publication of new inflation figures from the United States. This caused the price of Bitcoin to fall to around $61,000, confirming investors’ concerns about the Federal Reserve’s monetary policy. Persistent inflation […]
WASHINGTON (AP) — U.S. wholesale prices rose sharply last month, a sign that inflation pressures remain stubbornly high after three elevated readings in consumer prices to start the year. Join our WhatsApp group Subscribe to our Daily Roundup Email The Labor Department said Tuesday that its producer price index — which tracks price changes before
The bank released fresh figures this week showing London property prices had fallen - but there were reasons to be positive.
According to a climate scenario analysis by the Federal Reserve, American banks are set to experience challenges in predicting the impact of climate change on their loan books due data and modelling difficulties. The report’s aim was to predict how banks would be able to manage the risks of climate change, such as natural disasters […]
Consumer sentiment soured in May as fears over sticky inflation and high interest rates dampened Americans' outlook for the US economy.