WASHINGTON -- US consumer prices fell 0.3 percent in May to mark the biggest decline in three and a half years, as the cost of gas fell sharply, the Labor Department reported Thursday. The gas index sank 6.8 percent, the largest drop since December 2008. So-called core prices...
Us Consumer Prices Fall Sharply In May As Gas Costs Sink
New York Post: Business
Thu, 06/14/2012 - 6:03am
BING NEWS:
- Dow soars nearly 600 points after inflation gauge closely watched by Fed reignites hope for fall rate cut
The report from the Commerce Department also showed tepid consumer spending, a wrinkle that could help the Fed’s inflation fight or cause jitters if the economy cools too quickly.
05/31/2024 - 1:57 pm | View Link - An inflation gauge closely tracked by Federal Reserve rises at slowest pace this year
A price gauge closely tracked by the Federal Reserve cooled slightly last month, a sign that inflation may be easing after running high in the first three months of this year.
05/31/2024 - 3:07 am | View Link - The Fed indicated rates will remain higher for longer
Mortgage rates, credit card rates, auto loan rates and business loans with variable rates will all likely maintain their highs, with consequences for consumer spending, after the Federal Reserve ...
05/30/2024 - 9:28 am | View Link - What Continued High Interest Rates Mean for Business Owners
The Fed is pulling back from cutting rates as inflation persists. Here's how this affects owners and consumers.
05/30/2024 - 8:42 am | View Link - Nvidia now worth more than entire FTSE 100
Nvidia is now worth more than the entire FTSE 100 as the US tech giant cashes in on the artificial intelligence (AI) boom. Shares in Nvidia have risen more than 13pc over the last five days after ...
05/30/2024 - 6:17 am | View Link - More
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