Page 45 - Mark Hamrick News Today

Experts put the odds of a recession between now and July 2024 at 59 percent, showing a downturn is more likely than not.

Economists' average forecast for the Fed's peak interest rate is 5.6 percent, reflecting a target range of 5.5-5.75 percent, the highest since 2001.

Economists are split on whether inflation will settle back in at the Fed’s preferred level of 2 percent by the end of 2024 or the end of 2025.

The CPI report showed inflation fell to 3% as grocery price increases eased. Taking out gas and food, price gains eased more than expected but stayed elevated,

Inflation eased to 3% in June - the 12th straight month of decline. Forecasts say 12-month consumer price inflation will ease from 4% in May to 3.1% in

The consumer price index rose 3% in June from a year earlier, signaling a sharp and broad-based pullback in inflation.

 

U.S. consumer prices rose 3% in June compared with a year ago, a marked drop in the inflation rate that was the smallest 12-month increase in more than t

U.S. consumer prices rose 3% in June compared with a year ago, a marked drop in the inflation rate that was the smallest 12-month increase in more than t

New numbers out Wednesday are expected to show the inflation rate in June was just over 3%. That's a big improvement from this time last year, when inflation topped 9%.