4% of the dow is the worst we ve seen in two years. all hit hard because inflation remains stuck and no one can get it under control. an 8.3% annualized inflation rate. the core rate, that is without food and energy, also soaring more than 6.3%. this is the fourth 1,000 point sell-off for the dow just this year. again, this was a worse than expected inflation report. now the president is heralding this inflation reduction act that some people said is actually making the situation worse. because across the board, prices are going up. he s touting the prospect of eventually drug prices going down. even if he gets that and it s a herculean leap, it would be but a fraction of the overall costs that continue to soar. keep this in mind that with inflation running north of 8%, most food and related items are running at about double to sometimes triple that. whatever progress we ve seen on gasoline and related prices has done little to affect prices almost everywhere else. and then a
Your. New york trying to. Do they stand a chance. And they seem to deal. With but i guess i need to stand up for my values and contribute to something important in the sea of. Future of europe starts september 2nd on d w. 3 teams take the United States fiscal shortfall to one team truong tariffs and tax cuts to widen the budget deficit to one trillion dollars in the next fiscal year. Served up but so is security and the french resort town of garrett host of the upcoming g. 7 summit residents and Business Owners are worried the lockdown will hurt the local economy. And u. S. Travel restrictions take a slice out of cubas tourism sector. This is the business im in in berlin welcome the u. S. Budget deficit is expected to balloon to more than a trillion dollars in the next fiscal year the Nonpartisan Congressional Budget Office warns that federal debt is on an unsustainable course it says the budget deal signed into law earlier this month would increase deficits by 1. 00 trillion dollars o
Jackson Hole meeting: The Fed chief is unlikely to indicate that the rate hiking cycle is coming to an end, said VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services.