Inflation is expected to have slowed again last month, though price increases facing U.S. consumers remain near 40-year highs — even as the Federal Reserve raises interest rates at the fastest pace in decades. The Bureau of Labor Statistics’ November Consumer Price Index (CPI) is scheduled for release at 8:30 a.m. ET on Tuesday. Economists surveyed by Bloomberg expect headline prices rose 0.3% over the prior month and 7.3% over last year. In October, inflation rose 0.4% over the prior month… Source link
Read More »How ‘sledgehammer, sword’ powered Cowboys past Rams — and further eased pressure on Dak Prescott’s recovery timeline
INGLEWOOD, Calif. — Just six minutes and 17 seconds of play had elapsed between the Dallas Cowboys and Los Angeles Rams. Already, the Cowboys had scored twice. A strip sack returned promptly for a 17-yard touchdown. Favorable field position from a blocked punt handily converted into a field goal. From the sideline of SoFi Stadium, Ezekiel Elliott turned to his partner in crime. “All right now, TP,” he told fellow running back Tony Pollard. “Get ready now.” The Cowboys were already off… Source link
Read More »Supply chain pressures have ‘eased significantly’ and inflation may follow
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, July 1, 2022 Today’s newsletter is by Sam Ro, the author of TKer.co. Follow him on Twitter at @SamRo. On Thursday, we learned the Fed’s preferred inflation measure — core PCE — moderated in May, rising 4.7% over the prior moth and marking the third-straight month of moderating price pressures. And while investors will be closely… Source link
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