(Worthy News) – Federal Reserve officials appear poised to resume interest-rate hikes this month after data showed inflation cooled sharply in June but remains above the central bank’s target.
The so-called core measure of the consumer price index — which excludes volatile food and energy prices — advanced 4.8% from a year earlier, data out Wednesday showed. That was the smallest increase since late 2021 and could give the Fed room to pause rate increases after its July meeting if the trend continues, economists say.
But Richmond Fed President Thomas Barkin said the growth in US consumer prices is still too quick even as it slowed in June, reiterating the central bank’s commitment to restoring inflation to its 2% goal. [ Source: Bloomberg (Read More…) ]
We're being CENSORED ... HELP get the WORD OUT! SHARE!!!
Latest Worthy News
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.
