The Federal Reserve is expected to open the door to interest rate cuts as soon as September by acknowledging inflation has edged nearer to the U.S. central bank’s 2% target.
Read More Fed likely to hold rates steady one last time as inflation fight finale unfolds
U.S. prices increased moderately in June as the declining cost of goods tempered a rise in the cost of services.
Read More US inflation rises moderately, consumer spending cools
Data showed the U.S. economy expanded 2.8% in the second quarter versus estimates of 2%, but inflation subsided, leaving intact expectations of a September rate cut.
Read More Wall Street mixed as investors weigh GDP data after tech mauling
U.S. existing home sales fell more than expected in June as the median house price set another record high.
Read More Record house prices depress US home sales in June
Wall Street’s main indexes fell on Friday, while investors assessed the impact of a global cyber outage that knocked down CrowdStrike’s shares to an over two-month low.
Read More Wall Street extends rout, CrowdStrike slumps on global tech outage
A new report has revealed that the number of jobless claims has reached the highest in 10 months.
Read More Unemployment Claims Increase To Highest Level Since September 2023