Sticky PCE inflation leaves a divided central bank ahead of Fed's Jackson Hole retreat
The Federal Reserve's preferred inflation gauge showed prices remained sticky in July, reinforcing division within the central bank on whether to raise inter...
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Fed’s preferred inflation gauge remains flat at 3.7 percent in July
The Federal Reserve’s preferred measure of inflation remained flat in July, according to data from the Bureau of Economic Analysis released Wednesday. The personal consumption expenditures (PCE) price index ticked up 0.2 percent last month, rising 3.7 percent compared to the same time last year. Excluding more volatile food and energy prices, inflation rose 3.3 percent year-over-year in July. This was…
Meta agrees to pay up to $16.7bn to settle social media case
The deal has been reached during a California federal court trial over claims brought by 29 states.
US halts immigrant visa applications for global ‘in-depth’ training course
The Trump administration has paused immigrant visa appointments worldwide to carry out “in-depth training” for consular officers to screen out foreign applicants at risk of taking advantage of U.S. public assistance. The guidance from the State Department comes after a federal judge last week vacated President Trump’s policy suspending visa processing from 75 countries whose…
US inflation remains sticky in July; 2nd-quarter GDP unrevised at 1.5%
Aug 26 (Reuters) - Annual U.S. inflation unexpectedly held steady in July well above the Federal Reserve's 2% target for the 65th straight month, and the pau...