inflation
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PublishedJuly 12, 2024
Food companies feel the pain as consumers reject higher prices
Faced with revenue and unit sales declines in recent months, snack giants PepsiCo and Conagra confront the reality of “value-seeking behavior.”
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PublishedJuly 11, 2024
U.S. inflation cools again, potentially paving way for Fed to cut interest rates soon
In a better-than-expected report, consumer prices declined 0.1% from May to June – the first monthly decline in overall inflation since May 2020.
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PublishedJuly 9, 2024
Fed’s Powell highlights slowing job market in signal that rate cuts may be nearing
Chair Jerome Powell's written testimony Tuesday marked a shift in emphasis away from the Fed’s single-minded fight against inflation that suggests it's moving closer to cutting interest rates.
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PublishedJuly 2, 2024
Fed chair: U.S. inflation cooling again, though it isn’t yet time to cut rates
If the Fed cuts rates too soon, inflation could re-accelerate. But if it waits too long to reduce borrowing costs, it risks weakening the economy so much as to potentially cause a recession.
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PublishedJune 28, 2024
Federal Reserve’s favored inflation gauge slows, supporting case for cut
At the same time, household spending rebounded, and incomes showed solid growth, offering some hope that price pressures can be tamed without lasting damage to consumers.
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PublishedJune 12, 2024
Federal Reserve sees progress on inflation but envisions just 1 rate cut this year
The policymakers said the economy is growing at a solid pace, while hiring has 'remained strong' and there has been 'modest' further progress toward its 2% inflation target.
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PublishedMay 29, 2024
Inflation pressures lingering from pandemic are keeping Fed rate cuts on pause
In the U.S., a big reason why inflation remains above the Fed's target is that distortions stemming from the pandemic are still keeping prices elevated.
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PublishedMay 27, 2024
Major retailers are offering summer deals to entice inflation-weary shoppers
Target, Walmart and other chains have rolled out price cuts – some permanent, others temporary – with the stated aim of giving their customers some relief.
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PublishedMay 23, 2024
Grocers are finally lowering prices as consumers pull back spending
An array of federal regulators, Democratic lawmakers and think tanks contend that large retailers have kept prices artificially high.
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PublishedMay 22, 2024
Target reports sales decline as discretionary spending remains tepid
U.S. consumers remain resilient, though the broader environment remains complicated and challenging, executives said.
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