Tag: inflation
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US wholesale inflation fell in July for 1st time in 2 years
Prices at the wholesale level fell from June to July, the first month-to-month drop in more than two years and a sign that some of the U.S. economy’s inflationary pressures cooled last month.
Wall Street ending flat as investors await inflation updates
Major stock indexes on Wall Street gave up early gains and ended a choppy day of trading little changed Monday. The S&P 500 and Nasdaq each slipped 0.1% after shedding gains of 1% and 1.6%, respectively. The Dow Jones Industrial Average closed 0.1% higher.
Inflation weighs on back-to-school buying for many families
To understand the impact of surging inflation on this year’s back-to-school spending, look no further than children’s rain boots with motifs like frogs and ladybugs made by Washington Shoe Co.
Biden calls deal with Manchin ‘godsend’ for US families
President Joe Biden declared his support Thursday for the “historic” inflation-fighting agreement struck by Senate Majority Leader Chuck Schumer and holdout Democratic Sen. Joe Manchin, an expansive health care and climate change package that had eluded the White House and seemed all but lost.
EXPLAINER: How do we know when a recession has begun?
By one common definition, the U.S. economy is on the cusp of a recession. Yet that definition isn’t the one that counts. On Thursday, when the government estimates the gross domestic product for the April-June period, some economists think it may show that the economy shrank for a second straight quarter. That would meet a longstanding assumption for when a recession has begun.
