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Economy
Here’s the deflation breakdown for April 2024 — in one chart
Oscar Wong | Moment | Getty ImagesConsumers have largely seen prices deflate for physical goods, such as cars, furniture and appliances, economists said. They've also declined for some groceries and other things, such as travel, according to the consumer price index.Demand for physical goods soared in the early days of the Covid-19 pandemic as…
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U.S. inflation data fuels bets of Fed rate cuts as early as September
Traders work on the floor during morning trading at the New York Stock Exchange on May 14, 2024.Spencer Platt |…
The greatest macroeconomic story ever told? How high rates and boomer spending…
(Kitco News) – With the Federal Reserve signaling at their May meeting that they fully intend to keep interest…
Inside the Rent Inflation Measure That Economics Nerds Love to Hate
There’s a three-letter abbreviation that economists have started pronouncing with the energy of a four-letter…
U.S. Treasurys ahead of fresh consumer inflation figures
U.S. Treasury yields were lower on Wednesday is investors considered the outlook for inflationary pressures and…
China’s overseas students under pressure amid economic uncertainty
As a growing number of overseas Chinese students run into financial difficulties due to the declining wealth of…
Biden repeats lie that inflation ‘was at 9% when I came in’
Politics
By Steven Nelson
Published
May 14, 2024, 5:21 p.m. ET…
Bank of America Head: Consumers Show Spending ‘Resilience’
Bank of America’s CEO says consumer spending is still healthy despite steep interest…
UK wage growth still high despite unemployment rise
By Dearbail JordanBusiness reporter, BBC News14 May 2024, 07:27 BSTUpdated 26 minutes agoImage source, Getty…