well. china s economy is also an focus on tuesday with trade figures due out forjuly. slower global demand has led to a fall in exports in the month ofjune. also mid week we will get the latest inflation barometer is the well s second biggest economy is continues to struggle or a post pandemic rebound. and rounding off inflation watch, we will get the us rating on thursday and any increases in price growth there could russia america s central bank of the federal reserve, to raise interest rates again in september. earlier ice oak to tim murray who explained what he is expecting from the us inflation number. i expecting from the us inflation number. ., , . ., number. i would expect it to aaain number. i would expect it to again be number. i would expect it to again be slightly number. i would expect it to again be slightly lower- again be slightly lower than expectations. white now what is positive about inflation in the us is that a lot of it was generated by housing prices. shelt
size of the economy. and that is despite the bipartisan debt ceiling deal which is expected to reduce federal deficits by 1.5 $1.5 trillion the next ten years. and looking at markets, asian markets finished mixed. european markets are higher. on wall street, stock in-geks futures are leaning higher. dow and s&p rose after major lenders cleared the stress test. and there was another round of strong economic data. the nasdaq slipped but on pace for the best first half of a year in history. up almost 30% this year. mortgage rates ticked up to 6.7% last week. and on inflation watch, gas prices fell a penny to $3.54. fed s preferred inflatin-sganlgn gauge due out this morning. and more than 4 million
meaning more rate hikes. on inflation watch, gas prices fell a penny overnight to $3.55. in a few hours we ll get weekly jobless claims, first quarter gdp, pending home sales and weekly mortgage rates. let s bring in greg mcprbride. fed has raised interest rates ten times. we ve been on recession watch for months and housing is perking up again, consumer spending a strong, job market is strong and we could get first quarter gdp print that maybe 1.4% growth. not blockbuster, but that is still rolling along. what is your assessment of where we are? the economy has been remarkably resilient in the face of the fastest pace of rate increases in 40 years. that is certainly a good thing. but it is also why we haven t seen inflation make the progress we d like. core inflation, which is everything except for food and energy, that has been at a holding pattern really since december.
Welcome to Inflation Watch: a crowd-sourced topic about money and inflation. Inflation can be defined as an increase in the price level of goods and services…
your roman s numeral, it is grim. 131. a new report estimates that women won t obtain parity with men for another 131 years. in other words, not until the year 2154. the report says in part progress was disrupted by the covid pandemic s impact on women and girls in education and the workforce. looking at markets, asian markets finished lower. hang seng down nearly 2% after signs of china stimulus was less than some had hoped for. european markets are mixed as the uk inflation held steady in may. and stock index futures are barely mixed. they were down for the second day in a row yesterday amid signs of weakening global demand. but u.s. home construction surged by the fastest pace in more than a year climbing 21.7% from april. inflation watch, gas prices held steady overnight. and jerome powell set to testify