Page 31 - Jeffrey Roach News Today

The recent spike in gasoline prices helped to drive higher U.S. retail sales in August, while consumers continued to spend more modestly on other items.

Headline inflation jumped last month but the Fed remains on course to leave interest rates unchanged. Higher gas prices caused headline inflation to pick up sharply last month, the August Consumer Price Index (CPI) showed Wednesday, but a moderating pace of underlying inflation should keep the Federal Reserve on track to leave interest rates unchanged at the next Fed Meeting, experts say.Prices rose 0.6% in August after increasing just 0.2% the prior month, the Bureau of Labor Statistics said We

Explore economists' diverse views on August's CPI report and how it might influence the Fed's next moves.

Headline inflation jumped last month but the Fed remains on course to leave interest rates unchanged.

The spending spree that powered the economy won't last forever, complicating the Fed's balancing act of taming inflation and warding off recession.

Shares of Apple, Nvidia, and Tesla all moved lower in Wednesday's session as September continued to get off to a slow start.

World stock indexes were lower while U.S. Treasury yields rose and the U.S. dollar hit its highest in six months on Wednesday after stronger-than-expected U.S. services sector data suggested inflation...

The greenback recovered against most currencies after the data, with the euro and sterling hitting three-month lows and the yen touching session troughs

Also weighing on stocks Wednesday was a roughly $240 billion wipeout in market capitalization for the Apple-led coalition of seven large tech companies who have buoyed 2023’s gains.