Ebbing labor market momentum, together with abating inflation pressures, keep the Federal Reserve on track to start cutting interest rates this year.
Read More US weekly jobless claims rise as labor market gradually slowsTag: inflation
French Conservatives Make Huge Gains In Historic French Election Results
France could soon see a right-wing party obtain power for the first time since World War II, with Marine Le Pen’s National Rally making huge gains in the first round of a high-stakes snap election on Sunday.
Read More French Conservatives Make Huge Gains In Historic French Election ResultsPrescription Drug Prices Have Increased Almost 40% Over Past Decade
A new study shows the cost of prescription drugs in the U.S. has increased nearly 40% over the past 10 years, surpassing the rate of inflation during the same time span.
Read More Prescription Drug Prices Have Increased Almost 40% Over Past DecadeUS inflation ebbs in May as goods prices fall
U.S. monthly inflation was unchanged in May as a modest increase in the cost of services was offset by the largest drop in goods prices in six months.
Read More US inflation ebbs in May as goods prices fallUS consumer confidence retreats slightly; house prices remain elevated
The mixed survey also showed consumers’ perceived likelihood of a recession over the next 12 months retreated this month.
Read More US consumer confidence retreats slightly; house prices remain elevatedHome Sales Drop For Third Straight Month, Prices Hit Record High
For the third straight month, sales of previously occupied U.S. homes fell in May as increasing mortgage rates and record-high prices discourage many potential homebuyers during what’s typically the housing market’s busiest period of the year.
Read More Home Sales Drop For Third Straight Month, Prices Hit Record High