Today news
About the same in other media
U.S. Inflation Reached a New Four-Decade High in June, Economists Estimate
Reading now: 436
U.S. inflation is estimated to have reached a new four-decade high in June, but falling gasoline prices and discounting at some retailers could be signs of moderating price pressures, economists say.
The consumer-price index is expected to have increased 8.8% in June from the same month a year ago, according to economists surveyed by The Wall Street Journal. That would be higher than May’s annual rate of 8.6% that led Federal Reserve officials to shift to a faster pace of benchmark interest-rate increases, according to meeting minutes released last week. The Labor Department will release the June inflation report at 8:30 a.m. ET Wednesday.
Read more on wsj.comAbout this in other media
U.S. GDP Rose Slightly in Second Quarter, Economists Estimate wsj.com /2 years ago
Top Federal Reserve officials say they misread inflation and now plan to correct the course cnbc.com /2 years ago
Inflation Is 2022’s Boogeyman cryptonews.com /2 years ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
