Stay updated with breaking news from Balance of trade. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
on the same day seven times in the last decade. to start, the consumer price index. that s the key inflation gauge that held good news wednesday morning for american consumers and the fed. it showed inflation cooling slightly in may after a few particularly hot read outs in the first few months of the year. at 3.3% the yearly price increase was lower than expected and slower than the increase we saw in april. the data actually showed no change month to month between april and may. and the core inflation rate which excludes volatile food and energy prices cooled as well. that s the kind of news federal reserve officials are looking for. but it was not enough to warrant an interest rate cut. here is federal reserve chairjerome powell. we see today s report as progress and is building confidence, but we don t see ourselves as having the confidence that would warrant beginning to loosen policy at this time. the fed held steady, making no change to the current benchmark inte ....
inflation gauge that held good news for american consumers and fed showing inflation cooling in the month of may, slightly, after a few hot readouts in the few first months of the year. at 3.3% the yearly price increase was lower than expected and slower than the increase we saw in april. the data actually showed no change month to month from april to may. the core inflation rate which excludes volatile food and energy prices cooled as well. that is the kind of news federal reserve officials are looking for. but it was not enough to warrant an interest rate cut. we it was not enough to warrant an interest rate cut. interest rate cut. we have seen the report interest rate cut. we have seen the report today interest rate cut. we have seen the report today as interest rate cut. we have seen the report today as progress i the report today as progress and as the report today as progress and as building confidence, but we do and as building confidence, but we do not ....
Nov. 5—In the week ahead on the Wall Street, the focus of investors will be on the release of a Federal Reserve survey on banking conditions and the US trade ....