US inflation rebounds and stays at 40-year excessive, key value gauge reveals

The numbers: A key measure of US inflation surged 1% in June, led by higher fuel prices, suggesting that price pressures in the economy remain acute and are unlikely to ease quickly. The rise in the so-called personal consumption expenditures price index has exceeded Wall Street forecasts. Economists had predicted a 0.9% increase. A narrower … Read more

Is Fed’s Powell dovish or not? 4 key takeaways from Wednesday’s press convention

Investors reacted as if Wednesday’s Fed Chair Jerome Powell’s press conference was dovish, but many economists saw it as the hawks of the street. Here are some key takeaways from Powell’s hour-long discussion with reporters about the state of the economy and central bank policy: Read: Fed raises interest rates to fight 41-year high inflation … Read more

Is Fed’s Powell dovish or not? 4 key takeaways from Wednesday’s press convention

Investors reacted as if Wednesday’s Fed Chair Jerome Powell’s press conference was dovish, but many economists saw it as the hawks of the street. Here are some key takeaways from Powell’s hour-long discussion with reporters about the state of the economy and central bank policy: Read: Fed raises interest rates to fight 41-year high inflation … Read more

As Twitter Reconsiders Its Footprint in San Francisco, a Greater $9 Billion Query Asks For The Metropolis’s Workplace Market

Twitter Inc. took the large San Francisco office into consideration for downsizing on Wednesday and is set to open an office in Oakland, California, a person with direct knowledge of the matter said. This move blurs the future of the social media site Stylish San Francisco headquartersa 1.1 million square foot trophy office complex at … Read more

As Twitter Reconsiders Its Footprint in San Francisco, a Greater $9 Billion Query Asks For The Metropolis’s Workplace Market

Twitter Inc. took the large San Francisco office into consideration for downsizing on Wednesday and is set to open an office in Oakland, California, a person with direct knowledge of the matter said. This move blurs the future of the social media site Stylish San Francisco headquartersa 1.1 million square foot trophy office complex at … Read more

Client Value Index CPI reveals US inflation rises to new 41-year excessive of 9.1% as fuel costs rise

The numbers: Rising gasoline prices last month pushed the US inflation rate to a near 41-year high of 9.1%, offering early hope of help for Americans suffering from high costs of living. The consumer price index rose 1.3% last month to mark the third time in the past four months it topped 1%. Economists polled … Read more

The US Bureau of Labor Statistics mentioned that the US June inflation report circulating on the Web on Tuesday was faux

The US Bureau of Labor Statistics said on Tuesday that a release circulating online purporting to show June inflation data, scheduled for release Wednesday morning, is fake. “We are aware of a fake CPI announcement image circulating on Twitter. It is fake. Stay tuned for the real CPI release tomorrow at 8:30 a.m. ET,” BLS … Read more