Consumer prices rose in August compared to July, according to new data from the Department of Labor.
Inflation ticked up in August, largely due to an increase in the price of gasoline, raising concerns about potential Federal Reserve action on interest rates . PULSE POINTS WHAT HAPPENED: Consumer prices rose in August compared to July, according to new data from the Department of Labor. DETAIL: According to the new data released on Friday, consumer prices rose 0.4 percent in August, largely due to a 3.9 percent increase in gasoline prices, which surged 27.4 percent over the year. Meanwhile, grocery prices increased 2.2 percent, and electricity prices decreased 0.2 percent in August. Over the past year, the Consumer Price Index (CPI) increased by 3.4 percent, matching the annual rise reported in July. Core inflation, which excludes the…Open
State of the Union: The Iran War continues to roil energy markets. The post U.S. Inflation Stayed Hot in August, Setting Up Rate Hike Showdown appeared first on The American Conservative .
Prices at the pump and elsewhere continued to climb in August, according to new inflation data released Friday by the Bureau of Labor Statistics. The report found that the Consumer Price Index (CPI) rose 0.4 percent for the month, in line with Wall Street forecasts, putting annual inflation at 3.4 percent. Core prices, excluding food and energy, rose 0.3 percent. The report is the last major inflation reading the Federal Reserve will see before its policy meeting next week, where officials will consider whether to raise interest rates for the first time in three years. Gasoline prices surged 3.9 percent in August and accounted for more than a third of the overall increase. The broader energy index rose 2.1 percent as the Iran…Open
The Labor Department’s producer price index — which captures inflation before it reaches consumers — rose 5.4% in August from a year ago, and up from 4.8% in July, the government said Thursday. This new data could help determine whether the Federal Reserve raises interest rates. More: https://tinyurl.com/yxnj73ta #interestrates #economy #FederalReserve
More than 160,000 jobs were created in August, topping economist predictions, as North Carolina added over 15,000 construction jobs. #shorts #foxbusiness
The August jobs report was stronger than expected. However, many college educated Americans are struggling to find employment in this labor market. MS NOW Chief Political Reporter Chris Jansing, Democratic strategist Basil Smikle and CNBC Fast Money Contributor Dan Nathan join Stephanie Ruhle to discuss.
Friday’s jobs report showed the labor market rebounding more sharply than expected. Payrolls rose by 162,000 in August, well above the consensus forecast of about 55,000 to 65,000. Unemployment held at 4.1%. The Bureau of Labor Statistics reported that private payrolls rose by 127,000. Additionally, Government employment rose by 35,000, driven largely by a 42,000 […] The post Trump Blows Past Jobs Forecast With 162,000 Hires as Factories Keep Adding appeared first on StoneZone .
Friday’s jobs report showed the labor market rebounding more sharply than expected. Payrolls rose by 162,000 in August, well above the consensus forecast of about 55,000 to 65,000. Unemployment held at 4.1%. The Bureau of Labor Statistics reported that private payrolls rose by 127,000. Additionally, Government employment rose by 35,000, driven largely by a 42,000 rebound in local government education after a drop the month before. Food services and drinking places added 59,000 jobs. Manufacturing added 16,000. Construction added 22,000. The information sector lost 23,000 jobs. White House spokesman Kush Desai called the report evidence that “America is in the middle of a historic investment boom” and that reindustrialization is…Open
