Page 38 - Jeffrey Roach News Today

U.S. import prices fell for a second straight month in June, signaling a decrease in inflationary pressures in the economy.

U.S. import prices fell for a second straight month in June, signaling a decrease in inflationary pressures in the economy.

U.S. import prices fell for a second straight month in June, signaling a decrease in inflationary pressures in the economy.

The latest Wall Street Journal survey of economist found their average probability forecast of a recession in the next 12 months has fallen to 54 percent, down from 61 percent.

Pound US Dollar Exchange Rate Rallies

US inflation outlook brightening; consumer sentiment near two-year high

Economists also believe an expected interest rate hike from the Federal Reserve later this month would be the last in the U.S. central bank's fastest monetary policy tightening cycle since the 1980s. The Fed, which has hiked its benchmark overnight interest rate by 500 basis points since March 2022, skipped a rate hike at its policy meeting last month. "Investors should expect the Fed in the upcoming meeting to acknowledge the continued improvement in pricing dynamics across the dome...

U.S. producer prices barely rose in June and the annual increase in producer inflation was the smallest in nearly three years, further evidence that the economy had entered a period of disinflation even as the labor market remains tight.