Fed in focus as earnings, economic calendars slow: What to know this week
Investors will face a holiday-shortened week after a run of economic data pared back bets on additional rate hikes from the Federal Reserve.
Source: yahoo.com
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Opinion: Despite pessimistic outlook, U.S. economy shows positive signs
By Arthur G. Swalley The first half of 2023 was highlighted by a substantial rally in risk assets, despite a mini-bank crisis and a year’s worth of pessimistic prognostications about an impending recession. On July 12th, the Bureau of Labor Statistics reported that the consumer price index rose just 3% last month from a year
Source: pacbiztimes.com
China's Economy Enters Deflation As US Inflation Ticks Higher
China's economy has entered deflation, with consumer prices falling in July for the first time in more than two years.
Source: chiangraitimes.com
US Consumer Inflation Edges Up In July
US consumer inflation inched up in July, government data showed Thursday, rebounding slightly for the first time in around a year and adding pressure on policymakers as they weigh further interest rate hikes.
Source: ibtimes.com
US consumer inflation edges up in July
US consumer inflation inched up in July, government data showed Thursday, rebounding slightly for the first time in around a year and weighing on policymakers as they mull further interest rate hikes.But with inflation still far from target, officials will "likely maintain a hawkish bias and keep the door open to further rate hikes if the data justifies it," she said.
Source: yahoo.com