U.S. June 'terrifying data' edged up slightly month-over-month, while the labor market remained resilient.
U.S. retail sales rose modestly by 0.2% month-over-month in June, falling short of expectations due to downward pressure from lower oil prices, but core consumer spending remained robust, supported by e-commerce promotions and major sporting events.
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Waller follows in Powell’s footsteps—will his long-anticipated clash with Trump finally arrive?
Wash will appear before the Senate Banking Committee hearing at 22:00 Beijing time on Wednesday.
U.S. June PPI cooled more than expected, signaling a temporary easing of inflationary pressures.
Driven by a sharp decline in energy prices, U.S. producer prices unexpectedly fell by 0.3% month-over-month in June, marking the first drop in nearly a year. Although the notable easing of wholesale inflationary pressures has provided the Federal Reserve with some breathing room, recurring tensions in the Middle East continue to introduce uncertainty into the inflation outlook.
Waller's Congressional Debut Clashes with Surprising CPI Data! 'Zero-Tolerance' Testimony Undermined by Unexpected Figures, Immediately Easing Rate Hike Pressure
Wash stated that Federal Reserve policymakers have 'zero tolerance' for high inflation and reiterated their commitment to curbing price growth, which has remained elevated for five years.
Express News | US Jun. CPI YoY +3.5% Vs +3.8% Forecast, Prior +4.2%