Inflation Ticks Higher for First Time in 13 Months thefiscaltimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thefiscaltimes.com Daily Mail and Mail on Sunday newspapers.
The Consumer Price Index rose 3.2% in July on an annual basis, the Bureau of Labor Statistics reported Thursday. While the topline number edged higher for the first time in 13 months, the underlying data indicate that inflation continues to moderate, bolstering hopes that the Federal Reserve can pull off a recession-free soft landing for the U.S. economy. On a monthly basis, prices rose 0.2% in July, equaling the June number, as expected. Perhaps more encouragingly, the closely watched core CPI,
By Christian Robles Worker filings for unemployment rose slightly but remained at a low level last week, a sign that the labor market remains solid. Initial.