Wall Street Subdued Ahead of Fed Interest Rate Decision
Economy
Wall Street Subdued Ahead of Fed Interest Rate Decision

Early trading on Wall Street is muted ahead of the Federal Reserve's final decision of the year on interest rates. Futures for the Dow Jones Industrial Average and the S&P 500 were flat Wednesday, shifting between tiny gains and losses.... Read More

US Wholesale Inflation Fell in July for 1st Time in Two Years
Economy
US Wholesale Inflation Fell in July for 1st Time in Two Years

WASHINGTON (AP) — Prices at the wholesale level fell from June to July, the first month-to-month drop in more than two years and a sign that some of the U.S. economy's inflationary pressures cooled last month. Thursday’s report from the Labor Department... Read More

Falling Gas Prices Offsetting Inflation Pressures, Providing Relief to Consumers
Falling Gas Prices Offsetting Inflation Pressures, Providing Relief to Consumers
2022-08-10 15:29:48
by Dan McCue

WASHINGTON — The Consumer Price Index was unchanged in July, a sign that rapidly declining gas prices are beginning to offset the pressures that led to a monthslong surge in inflation. According to the U.S. Bureau of Labor Statistics, the... Read More

Retail Sales Up 1% in June, Easing Fears of a Recession
Economy
Retail Sales Up 1% in June, Easing Fears of a Recession

NEW YORK (AP) — Consumers picked up their spending from May to June, underscoring their resilience despite painfully higher prices at the gas pump and in grocery aisles and allaying fears that the economy might be on the verge of a recession.... Read More

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