Inflation

Forecasters still expect GDP to eventually contract, but later, and by less, than previously. Forecasters still expect GDP to eventually contract, but later, and by less, than previously. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the…

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The food manufacturer said shoppers continued to stomach rising food prices, boosting its margins and sales. The food manufacturer said shoppers continued to stomach rising food prices, boosting its margins and sales. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If…

Passengers at Reagan National Airport in Arlington, Virginia on May 26, 2023.Andrew Caballero-Reynolds | AFP | Getty ImagesFlights are getting cheaper as airlines boost service during what's shaping up to be a busy summer.U.S. inflation data this week showed airfares dropped 8.1% in June from a month earlier, the biggest decline in nearly a year and the second biggest since April 2020, when the Covid pandemic suddenly sapped demand for air travel.Airlines are enjoying cheaper fuel and a lasting boom in travel. Daily…

The latest data suggest a lot of past inflation was transitory. The latest data suggest a lot of past inflation was transitory. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please…

Officials are focused on reducing stubborn underlying price pressures as they consider raising interest rates this month. Officials are focused on reducing stubborn underlying price pressures as they consider raising interest rates this month. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all…

Gauge U.S. price changes the way Europe does, and inflation was already just below 3% in May. Gauge U.S. price changes the way Europe does, and inflation was already just below 3% in May. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the…

An Abuja-based policy think tank, Agora Policy, has highlighted strategic ways in which the Central Bank of Nigeria (CBN) can tame Nigeria’s soaring inflation. A maiden report by the policy think-tank titled “Understanding Nigeria’s Soaring Inflation and How to Tame It” said controlling money supply is key to managing inflation. Nigeria’s annual inflation rate rose to 22.41 per cent in May from 22.22 per cent in the previous month, according to the National Bureau of Statistics (NBS). Inflation has remained high…

The Federal Reserve expects to launch a new system this month aiming to make payments in the U.S. banking system available immediately, around the clock. Although it is a boon to consumers and many businesses, some analysts warn that FedNow could destabilize banks’ reliance on customer cash, fanning the flames of deposit flight that became the bane of several regional banks this spring.Copyright ©2023Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 The Federal Reserve expects to…

Talks between the United Parcel Service and the International Brotherhood of Teamsters may have the added complication of union leaders taking a harder line in an effort to attract workers at retail giant Amazon, sources said this week. The Teamsters and UPS are in heated negotiations over a new contract, with a Teamster strike authorized by union membership if UPS fails to deliver a new pact before their current deal expires July 31. Such a protest would be the largest single-company strike in decades; the…