Inflation

Headline inflation eases but core inflation slightly higher than market consensus.

‘Homes are sitting on the market a bit longer, and sellers are receiving fewer offers,’ economist Lawrence Yun said.

Eurozone inflation fell from a peak of 11.6 percent in October 2022 to 2.5 percent in June, still below the 2 percent target.

Spending declined the most in sectors including restaurants, retail, and accommodation.

The outlook for business continues to worsen, with CreditorWatch forecasting 1 in 11 in hospitality will fail in the next year, with bad news for other sectors.

Fed chief warns of a balancing act between keeping rates high and cutting them prematurely.

Almost 7 in 10 Gen Zers are making changes to their lifestyle to deal with rising expenses, including seeking cheaper grocery outlets.

The cost of a dozen eggs has risen 85 percent since January 2020, bread 46 percent, and chicken 42 percent.

‘Inflation and interest rates may stay higher than the market expects,’ the JPMorgan Chase CEO warned.

Gasoline prices fall while shelter costs remain elevated.

Kwik Kopy CEO Sonia Shwabsky explains how her company has confronted recent challenges besetting the business sector.

Fed Chair Jerome Powell is testifying in Washington this week before addressing inflation in new reports.

The obstacles holding younger generations back include historically high home prices, stagnant inflation, debt and spending habits, and wages.

Tighter financial conditions could result in deteriorating household finances, higher unemployment, participants say.

‘If you made supermarkets sell, are they allowed to sell to another big rival?’