U.S. retail sales barely rose in May, suggesting that economic activity remained lackluster in the second quarter.
Read More US retail sales rise less than expected in May
Tag: inflation
Chief Market Strategist On State Of The Economy
The Federal Reserve decides to hold interest rates steady following the latest inflation report.
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Inflation Slows In May, Fed Holds Interest Rates Steady
Inflation Slowed in May According to the Consumer Price Index Out Today.
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US consumer prices unchanged in May; rate-cut expectations rise
U.S. consumer prices were unexpectedly unchanged in May, but inflation likely remains too high for the Federal Reserve to start cutting interest rates before September.
Read More US consumer prices unchanged in May; rate-cut expectations rise
AI-powered Apple overtakes Microsoft as world’s most valuable company
Apple shares jumped nearly 4% to a record $215.04, giving it a market valuation of $3.29 trillion.
Read More AI-powered Apple overtakes Microsoft as world’s most valuable company
May Jobs Report: Mixed Signals For Economy, Inflation, And Fed Rate Decisions
The latest jobs report shows that 272,000 jobs were added in May, while unemployment rose to 4%, and labor force participation remained relatively stable.
Read More May Jobs Report: Mixed Signals For Economy, Inflation, And Fed Rate Decisions