Maybe some more summer softness in the markets, but in September? Are you staying positive like me? Ignore the negative news - especially from unreliable and biased sources. In May, U.S. wholesale prices dropped for the second time in three months, partly because of lower gas prices. A key measure of wholesale prices, excluding food and energy, remained unchanged for the first time in a year. The Federal Reserve sees this measure as a better indicator of future inflation. This decline comes after a recent report showed no rise in consumer prices for the first time in almost two years. These signs of easing inflation might lead the Fed to lower interest rates as soon as September.
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Servant of Christ | Husband | Father | Senior Wealth Advisor at Guerra Wealth Advisors
📉 Good news on the economic front! U.S. wholesale price increases have mostly slowed down last month, signaling a cooling in inflation pressures. This could be the green light for the Federal Reserve to consider interest rate cuts as early as next week. Here's the breakdown: - The producer price index (PPI) rose by just 0.2% from July to August, a slight uptick from the previous month's flat rate. - On a yearly basis, August saw a modest increase of 1.7%, the smallest rise since February, down from 2.1% in July. - Core prices, excluding the volatile food and energy sectors, increased by 0.3% from July, with a year-over-year rise of 2.3%. This data suggests that we might be seeing the peak of inflation, providing some relief to businesses and consumers alike. Keep an eye on how this might influence economic policies moving forward! 🌐💼 #Economy #Inflation #FederalReserve #InterestRates #BusinessNews #EconomicUpdate #Finance
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Inflation slows again By Cate Chapman, Editor at LinkedIn News A key price gauge Wednesday showed slower-than-expected inflation in December. Excluding volatile items, the U.S. Consumer Price Index rose 3.2% from a year earlier, a slower pace than in November, the U.S. Bureau of Labor Statistics reported. Overall, prices rose 0.4% in December from November and 2.9% from a year earlier, as expected. The reading follows one for wholesale prices, which showed slightly slower inflation last month. Cooling price growth could revive the case for interest-rate cuts in coming months.
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Inflation is slowing, wholesale prices are dropping, and some companies are lowering prices in response to cautious consumer spending. 💰 While the S&P 500 hit new highs and bonds rallied, keep an eye on how these price shifts impact the market. Tap the link below to read this week's Market Commentary! kwbwealth.com/wmc-6-18-24 #EconomyUpdate #Inflation #MarketNews
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It was announced this morning that inflation is still here, and is a problem like the proverbial wedding guest who refuses to leave the reception well after everyone else has left due to the quantity of adult beverages consumed. The news that the producer price index, a measure of what producers receive for the goods they produce, increased 0.5% in April and was up 2.2% on a 12-month basis, the biggest gain in a year. In addition, core PPI also increased 0.5% compared to the 0.2% Dow Jones estimate. Services prices boosted the wholesale inflation reading, rising 0.6% and accounting for about three-quarters of the headline gain. This is certainly going to cause heartburn at the Federal Reserve, angst at 1600 Pennsylvania Avenue NW, Washington, D.C. and add to the despair at the grocery store, gas pump and just about everywhere else for millions of American consumers already suffering the corrosive impact of inflation today.
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