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Investors and analysts are paying particularly close attention this year for any hints about how central bankers are thinking, as they approach a pivot point for monetary policy
Premarket Thoughts: Here's a premarket update for Thursday 8/24/23. There are 5 things I'm watching today. NVDA earnings, The 50 DMA line, Where we close and more
Here's a look at the major metropolitan areas getting hit the hardest by inflation, even as pricing pressure has been easing amid the Fed's interest rate-hiking campaign. Amid inflation and other economic pressures, WalletHub took a look at which of the 23 major metropolitan statistical areas in the country are getting hit the hardest versus a year ago. Leading the list on a year-over-year basis was the Miami-Fort Lauderdale-West Palm Beach, FL area, which saw inflation rise 6.9% from a year ago
“Forecasting recessions is a mug’s game,” says JPMorgan’s lead U.S. economist.
The Fed was concerned that low inflation for June was a single datapoint, now July’s report offers similar evidence of disinflation.