July Inflation Came In Right on Target at 3.4% — But Wages Are Losing the Race The Consumer Price Index rose just 0.1% in July, the Bureau of Labor Statistics reported Wednesday, August 12, cooling the annual inflation rate to 3.4% from June’s 3.5% — a result that landed exactly in line with Wall Street’s … Read more
July CPI Report Due Today — Why Economists Expect Inflation to Reverse Course After June’s Surprise Drop The Bureau of Labor Statistics releases its July Consumer Price Index report today, Wednesday, August 12, at 8:30 a.m. Eastern time — and economists widely expect it to reverse the surprisingly good inflation news from June, driven by … Read more
Wall Street Braces for Wednesday’s CPI Report as Oil Rallies on Stalled Hormuz Talks Wall Street enters this week’s trading with two major forces pulling in opposite directions: a critical July inflation report due Wednesday that could tip the scales on whether the Federal Reserve raises interest rates next month, and a fresh oil rally … Read more