No Data
Newmont Jumps as TD Cowen Raises to Buy on Attractive Valuation After Pullback
Why Is Fastenal Stock Trading Lower Today?
FAST Stock Has Given up Its Prior Gain. Fastenal Shares Were Trading Higher After the Company Reported Better-than-expected Q2 Sales Results.
Full Text of Wallsh's Testimony: Committed to Ending the Era of High Inflation, Will Closely Monitor the Impact of AI
This week, Federal Reserve Chair Jerome Powell testified before Congress for the first time on the semi-annual Monetary Policy Report, appearing before the House Committee on Financial Services on July 14 and the Senate Committee on Banking, Housing, and Urban Affairs on July 15.
Inflation cools broadly! U.S. CPI rose 3.5% year-over-year in June, significantly below expectations, and declined month-over-month for the first time in six years, while core CPI inflation narrowed to 2.6%.
U.S. inflation has shown a significant turning point. The June CPI recorded its first month-over-month decline in six years, while core inflation remained largely flat, prompting markets to sharply reduce bets on a Federal Reserve rate hike in July.
Full Text of the U.S. June CPI Report: U.S. inflation continued to ease in June, with the CPI declining by 0.4% month-over-month—the largest single-month drop since April 2020.
U.S. inflation continued to ease in June. The Consumer Price Index (CPI) declined by 0.4% month-over-month, marking the largest single-month drop since April 2020, while the year-over-year increase moderated to 3.5%. Energy prices plummeted by 5.7% month-over-month, with gasoline prices falling by 9.7%—the decisive factor pulling down overall inflation. Below is the full CPI report.