January 30, 2025
“Inflation-adjusted gross domestic product increased an annualized 2.3% in the fourth quarter after rising 3.1% in the prior three-month period, according to the government’s initial estimate published Thursday. The median forecast in a Bloomberg survey of economists called for a… Continue Reading…
January 30, 2025
“The European Central Bank lowered borrowing costs for a fifth time since June, with the region’s economy stalling and the 2% inflation target in reach… Officials reduced the deposit rate by a quarter-point to 2.75% — as predicted by all… Continue Reading…
January 27, 2025
“…The Flagstaff Family Food Center in Arizona broke records in 2022 serving nearly 28,000 meals per month on average… On the other side of the country, Capital Area Food Bank distributed 64 million meals last fiscal year in Washington and the… Continue Reading…
January 10, 2025
“Treasury Secretary Janet Yellen said that Biden-era stimulus spending may have contributed “a little bit” to the country’s subsequent inflation woes. But the widespread rise in prices was mostly “a supply-side phenomenon” caused by the Covid-19 pandemic itself, Yellen told… Continue Reading…
January 9, 2025
“… …” https://www.cnbc.com/2025/01/08/fed-minutes-january-2025.html Which policies? None were listed. No evidence given leads me to believe the Fed is lying. You know what will increase inflation? The Fed lowering interest rates will. I’m not saying lowering them is a bad thing… Continue Reading…
October 2, 2024
“Stocks could see a 10% drop by the end of the year, Stifel’s Barry Bannister says. The bank’s stock-strategy chief pointed to the slowing job market and the potential for sticky inflation. He added that interest rates likely aren’t dipping… Continue Reading…
August 20, 2024
“The consumer price index, a broad-based measure of prices for goods and services, increased 0.2% for the month, putting the 12-month inflation rate at 2.9%, its lowest since March 2021. Excluding food and energy, core CPI came in at a… Continue Reading…
August 20, 2024
“Price hikes slowed more than expected in July, and, for the first time in more than three years, the Consumer Price Index has landed below 3%. That paves the way for the Federal Reserve to cut rates next month after… Continue Reading…
August 1, 2024
“Headline inflation in the euro zone unexpectedly rose to 2.6% in July, the European Union’s statistics agency said Wednesday. Core inflation, which excludes more volatile energy, food, alcohol and tobacco prices, hit 2.9% in July, which was higher than expected.… Continue Reading…
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