Survey: Economists See Two More Rate Hikes And No Cuts This Year
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.
Source: bankrate.com
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Survey: Higher Inflation Could Persist Through At Least 2024
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.
Source: bankrate.com
Recession fears ease after solid U.S. job report
Fears that the U.S. economy will slump into a recession eased in the latest week after the solid June job report on Friday.
Source: marketwatch.com
NJ inflation, cost of living lowest in two years, feds say
A new inflation report suggests that it is at its lowest point in two years across New Jersey. Are consumers noticing?
Source: njherald.com
Supplier Price Gains Cooled in May, Latest Sign of Easing Inflation
Gabriel T. Rubin U.S. supplier prices rose 1.1% in May from a year earlier, continuing their recent cooling pattern, the Labor Department said Wednesday. The annual rate represents a significant slowdown. The producer-price index, which general...
Source: marketscreener.com