With risk assets, including bitcoin, under pressure ahead of Wednesday’s pivotal Federal Reserve (Fed) meeting, pundits think markets have already incorporated a super-sized rate hike. So the focus will be on what the Fed says concerning … Read more
Retail sales numbers were better than expected in August as price increases across a multitude of sectors offset a considerable drop in gas station receipts, the Census Bureau reported Thursday. Advance retail sales for the … Read more
Stock futures rose on Monday morning, following the S&P 500′s third straight weekly gain, as investors shifted focus to a key inflation report this week. Futures on the Dow Jones Industrial Average gained 155 points or … Read more
Tesla CEO Elon Musk said in a tweet Friday that the electric car company could lower prices if inflation “calms down.” The Bureau of Labor Statistics reported a higher-than-expected inflation rate this week with the consumer price index … Read more
Shoppers paid sharply higher prices for a variety of goods in June as inflation kept its hold on a slowing U.S. economy, the Bureau of Labor Statistics reported Wednesday. The consumer price index, a broad measure of … Read more
Key Points: The big three inputs to the consumer price index, the most widely followed inflation measure, are food, energy, and shelter. But when it comes to breaking down where CPI inflation really comes from, … Read more