Consumer spending increased solidly in July, arguing against a half-percentage-point interest rate cut from the Federal Reserve next month.
Read More US consumer spending solid in July; inflation rises moderately
Tag: Federal Reserve
US house prices fall on monthly basis in June
House prices dipped 0.1% on a month-on-month basis after being unchanged in May, the Federal Housing Finance Agency said on Tuesday.
Read More US house prices fall on monthly basis in June
Dow Surges 400 Points as Wall Street Cheers Powell’s Fed Rate Cut Announcement
Wall Street’s stock indexes increased substantially on Friday, with the S&P 500 index climbing towards a record high, after Federal Reserve Chair Jerome Powell said “the time has come” to reduce interest rates.
Read More Dow Surges 400 Points as Wall Street Cheers Powell’s Fed Rate Cut Announcement
Fed’s Powell says ‘time has come’ to lower interest rates
Federal Reserve Chair Jerome Powell offered an explicit endorsement of interest rate cuts, saying further cooling in the job market would be unwelcome.
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US business activity edges lower; pricing power ebbs further
U.S. business activity fell to a 4-month low in August and firms continued to struggle to pass on higher prices to consumers.
Read More US business activity edges lower; pricing power ebbs further
Target raises 2024 profit forecast as price cuts draw shoppers
Target raised its full-year profit forecast on Wednesday and reported its first increase in quarterly comparable sales in over a year.
Read More Target raises 2024 profit forecast as price cuts draw shoppers