In a noteworthy turn, core goods prices have experienced a continued decline, contributing to the first dip in inflation in six months, according to April’s consumer price index. … READ MORE >
inflation
CPI resumes disinflationary trend in April amid weakened retail sales
Overall CPI inflation rose by 0.3% in April, while core inflation—which excludes food and energy—also rose by 0.3%. This helped bring the year-over-year headline inflation down to 3.4% and core inflation to 3.6%. … READ MORE >
Producer price offers mixed result ahead of CPI release
The producer price index increased by 0.5% in April, above estimates, as both goods and service prices accelerated, according to Bureau of Labor Statistics data released on Tuesday. … READ MORE >
Senior Loan Officer Survey: Progress halts as inflation rebounds in Q1
Progress toward normalized lending practices generally halted in the first quarter as the Federal Reserve turned more hawkish amid the rebound in inflation, according to data in a Fed report announced on Monday. … READ MORE >
Fed holds rates steady as rebound in inflation hampers progress
Citing a lack of progress in reducing inflation, the Federal Reserve kept its policy rate unchanged at 5.5% at its meeting on Wednesday, the same rate it has had since July. … READ MORE >
American consumers continue to spend despite sticky inflation
Spending remained strong in March on the heels of robust income growth despite sticky inflation, according to Commerce Department released on Friday. … READ MORE >
Service sector continues to normalize in March
The ISM services composite index fell to 51.4 from 52.6, while the prices paid subindex dropped to 53.4 from 58.6. … READ MORE >
The Fed at an inflection point: A webinar from RSM US and U.S. Chamber of Commerce
With inflation easing and the labor market showing some signs of softening, the Fed has signaled that it intends to cut rates three times this year. But when will those cuts start? … READ MORE >
February consumer price index: Sticky yet under control
Inflation remains below wage growth as real hourly wages increased by 1.1% on the month and on a year-ago basis. … READ MORE >
Service sector continues to grow in February
The service sector continued to grow in February for the 14th straight month, according to the Institute for Supply Management on Tuesday. … READ MORE >