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from24/7 Wall St.
1 week ago

Stock Market Live September 26: S&P 500 (VOO) Rises on Tame Inflation Report

A slow week with little important economic news (other than yesterday's Bureau of Labor Statistics report on falling first-time unemployment filings) got busy in a hurry on Friday, with the U.S. Commerce Department revealing the personal consumption expenditures price index (PCE) increased 0.3% in August. The new data clocks the annual U.S. inflation rate at 2.7%. Volatile food and energy prices, once excluded to give a "core" inflation rate, rose 0.2% to 2.9%.
Business
US news
fromFortune
1 month ago

PCE data paints a solid picture, but hidden cracks show tariffs quietly squeezing U.S. consumers-and weak job growth could put them over the edge

Consumer spending held in July overall, but discretionary services fell, signaling early tariff-driven pressure and a shift toward stagflationary risks.
US politics
fromwww.mediaite.com
1 month ago

Fed Chair Powell Warns of High Uncertainty' With Consumer Prices in Coming Months Says Impact of Tariffs Now Clearly Visible'

Tariffs are already pushing up consumer goods prices with uncertain timing and magnitude, likely causing a short-lived one-time upward shift in the price level.
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