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Online store sales rebounded 1.4 percent after falling 0.4 percent in July
IMF projects core U.S. PCE inflation to end 2024 at 2.5 percent, returning to the Fed's 2 percent target by mid-2025Â
Annual inflation in the country is currently at 9 percent, surpassing earlier predictions
Currency's significant recovery last month impacted the import price index, which rose 2.6 percent after a 10.8 percent surge in July
CPI showed annual inflation fell by 0.4 points to a lower-than-expected 2.5 percent
For the first time in a quarter-century, the share of the precious metal in the country’s international reserves exceeded 30 percent
Investors expect two or three more borrowing cost cuts this year, with additional actions in 2025Â
The inflation landscape is gradually improving, highlighting the progress toward the ECB's 2 percent target
This growth marks a strong rebound from a sluggish 1.4 percent increase in Q1 2024Â
The upside risks to U.S. inflation have diminished while the downside risks to employment have increased
This figure is just below the previous record high of $674.919 billion
Central bank officials agreed to maintain the target range for the federal funds rate at 5-1/4 to 5-1/2 percent during the July meeting
Core inflation, excluding food and energy, held steady at 2.9 percent despite overall inflation rising
The firm added that if the August jobs report was positive, the U.S. recession probability would decline to 15 percent
Average five-year fixed mortgage rate is now 4.80 percent, which is still high compared with three years ago
Fed rate cut likely as inflation continues to decline
RBA sees easing wage pressures, but inflation battle persists
The increase, although expected, was slightly smaller than the 2.3 percent rise anticipated by analysts
The corporate goods price index hit a record high of 123.1, marking the eighth straight month of increases
Government data last week showed the layoffs rate in June was the lowest in more than two years
Goldman Sachs analysts have increased their 12-month U.S. recession odds by 10 percentage points to 25 percent
Nonfarm payrolls increased by 114,000 jobs last month, significantly below the 215,000 jobs per month added in the last 12 months
The BoE cut rates by 0.25 percent to 5.0 percent, a decision viewed as a close call
The report projected 2.1 percent U.S. economic growth in 2024, down from 2.5 percent in 2023
