inflation

Live stock market news updates: Equity futures mixed ahead of key inflation data

U.S. stock futures struggled to find their bearings on Friday morning as investors awaited an update on inflation, which is expected near a 40-year high amid high oil prices. gas, food and various other goods and services. Contracts on the S&P 500 and Dow Jones were each down about 0.2% in premarket trading. Nasdaq futures …

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The S&P 500 sells, but the damage is much worse; Key inflation data expected

Dow Jones futures rose slightly overnight, as did S&P 500 and Nasdaq futures with a major inflation report available on Friday. X The stock market rally suffered significant losses on Thursday as major indexes undermined key near-term support. Beneath the surface, conditions are even worse, with decliners beating out winners and breakouts not working. In …

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Consumer price inflation in May is expected to be searing as energy, food and rents rise

Economists expect inflation in May to continue to burn white, with rising costs for energy, food, rent and health care. According to Dow Jones, economists expect the consumer price index to rise 0.7% from 0.3% in April. On an annual basis, this would equate to a rate of 8.3%, the same rate as in April. …

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European Central Bank Confirms July Rate Hike Plans, Raises Inflation Projections Significantly

The European Central Bank faces a difficult balancing act, with inflation hitting record highs while the war in Ukraine casts a shadow over growth prospects. Thomas Lohnes | Getty Images News | Getty Images The European Central Bank on Thursday confirmed its intention to raise interest rates at its policy meeting next month and lowered …

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No, you’re not going crazy – pack sizes are shrinking

It’s the inflation you’re not supposed to see. From toilet paper to yogurt and coffee to corn chips, manufacturers are quietly reducing package sizes without lowering prices. It’s called “shrinkflation,” and it’s accelerating around the world. In the United States, a small box of Kleenex now contains 60 tissues; a few months ago there were …

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Yellen faces grilling in Congress over ‘poor’ inflation forecast

By Andrea Shalal, Trevor Hunnicutt and David Lawder WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen faces a gauntlet of tough questions about the Biden administration’s handling of the economy in Congress this week, after admitting it had ” mistaken” about the path that inflation would take. Yellen testifies before the Senate Finance Committee on …

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As Biden Takes Huge Approval Rating Hit, White House Moves to Fight Inflation

Former Congressional Budget Office Director Douglas Holtz-Eakin delves into high inflation rates and strategizes on “Cavuto: Coast to Coast.” After a year of relentless price increases, the White House is finally shifting into inflation-fighting mode, with officials fanning out on cable news to try to stem the political bloodbath as President Biden’s approval rating plummets. …

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Dimon says he’s bracing for US economic ‘hurricane’ due to inflation

June 1 (Reuters) – Jamie Dimon, chairman and chief executive of JPMorgan Chase & Co (JPM.N) described the challenges facing the US economy as a “hurricane” on the road and urged the Federal Reserve to take strong action to avoid tipping the world’s largest economy into a recession. Dimon’s comments come a day after President …

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