Wholesale inflation measure rose 0.1% in July, less than expected
The producer price index for July was expected to increase 0.2%, according to the Dow Jones consensus estimate.
The producer price index for July was expected to increase 0.2%, according to the Dow Jones consensus estimate.
Consumers grew more confident in July that inflation will be less of a problem in the coming years.
According to UBS, the Paris Olympics, as well as the Eras Tour, are causing demand shocks without impacting the average consumers' spending power.
Siegel no longer thinks it's vital for an emergency interest rate reduction, but still wants policymakers to cut quickly and aggressively.
The comments seem to reinforce reporting earlier this year that advisors close to Trump are looking at a host of changes for the Fed.
Initial claims for unemployment insurance were expected to total 240,000 for the week ending Aug. 3.
U.S. inventories "are not at a level that is worrisome or that seems to indicate a significant slowdown right in the offing."
America's youngest workers have not only kept, but continued building on, big wage gains seen during the pandemic.
The unemployment rate fell to 3.7% from 4.1% for Asian Americans in July.