ABCNEWS (ABC News: Top Stories) - Inflation holds steady at elevated level as Iran war pushes up gas prices
Inflation stands more than a percentage point above the Fed's target rate of 2%.
NEWSNATIONNOW (CHRISTOPHER RUGABER, Associated Press) - Inflation picked up last month as gas prices jumped due to Iran war
The Labor Department said Friday that the consumer price index rose 3.4% last month compared with a year ago, the same as in July.
AXIOS (Courtenay Brown) - America's jobs scare recedes
The labor market looks considerably healthier than it did at the start of the summer. Why it matters: Friday morning's jobs report recast the last two months as a period of modest job growth rather than of outright deterioration, capped by a gain last month that was more than triple what economists expected. - The labor market is weathering the Iran conflict and an AI-driven transformation of the economy with surprisingly little damage, at least for now. - For the Federal Reserve, the report puts inflation even more squarely in focus — with less evidence that the labor market is too fragile to hold up in the event of higher interest rates. What they're saying: "August turned the heat back up on the job market," Glassdoor chief…
YOUTUBE (MS NOW) - U.S. bond selloff drives 30-year yields to highest point since before the Great Recession
The yield on the 30-year U.S. Treasury bond has hit its highest level since 2007 as investors remain worried about inflation and government borrowing. Wall Street Journal Chief Economics Commentator Greg Ip and VP of General Economics at the Cato Institute Scott Lincicome join Stephanie Ruhle to provide their insight.
REDSTATE (Becca Lower) - 'Good News': July Inflation Report Trend Earns Cheers From Financial Markets Analyst, White House
AI:Financial markets and the White House have responded positively to the July consumer price index report, which shows a favorable trend in core inflation figures. As retail sales face unexpected slumps and consumer sentiment fluctuates amidst shifting economic messaging, this cooling of inflation provides much-needed relief for market stability following recent volatility surrounding shifts in Federal Reserve leadership and labor statistics oversight.Open
THEAMERICANCONSERVATIVE (Harrison Berger) - U.S. Inflation Edged Lower but Remains Stubborn
State of the Union: The Iran War could again raise inflation rates, analysts warn. The post U.S. Inflation Edged Lower but Remains Stubborn appeared first on The American Conservative .
Consumer prices increased 0.1 percent from June to July, while the annual inflation rate edged lower to 3.4 percent, according to figures released by the Bureau of Labor Statistics on Wednesday. Core inflation, which excludes food and energy prices, was 0.2 percent in July with the annual figure at 2.5 percent. While energy prices dropped 1.5 percent in July, the costs of both food and shelter rose 0.1 percent each. On an annual basis, however, energy costs in July were up 14.7 percent. Moody’s chief credit officer warned that the Iran War could still cause prices to surge, with energy remaining “the wild card.” The post U.S. Inflation Edged Lower but Remains Stubborn appeared first on The American Conservative .Open
AI:The July Consumer Price Index report shows that while U.S. inflation edged down slightly to an annual rate of 3.4 percent, the trend remains stubbornly high as food and shelter costs continue to climb. Although energy prices saw a minor monthly dip, they remain up over 14 percent on an annual basis, leaving the economy vulnerable to significant volatility. Analysts warn that the ongoing Iran War poses a major threat to price stability, with energy markets acting as a wild card that could trigger a sudden surge in inflation and further disrupt American economic security.Open
DAILYCALLER (Jack McGeever) - Data Shows Iran War Reignited Inflation, Wrecked Economy For Working Americans
Middle- and lower-income Americans are bearing the financial brunt of a geopolitical foreign policy choice. Fresh Consumer Price Index (CPI) data and wage tracking confirm that the recent resurgence in inflation was directly catalyzed by the outbreak of war in Iran.
AI:Recent Consumer Price Index and wage tracking data indicates that the outbreak of war in Iran has directly reignited inflation, placing a heavy financial burden on middle- and lower-income Americans and wreaking havoc on the domestic economy.Open
NYTIMES (Colby Smith) - Benign Inflation Data Offers Reprieve to Fed as It Weighs Rate Increase
The latest Consumer Price Index report helped to reinforce the patient approach adopted by many officials at the Federal Reserve about raising rates, but it has not resolved the debate altogether.
THENATIONALPULSE (Pulse Wires) - Inflation Cools for Second Month in a Row.
Inflation has eased for the second consecutive month since May, according to a new Consumer Price Index (CPI) report.
Inflation has cooled for the second consecutive month since May, although rising energy costs triggered by the outbreak of the Iran war and related geopolitical tensions continue to pose economic challenges. PULSE POINTS WHAT HAPPENED: - DETAIL: According to the Bureau of Labor Statistics, inflation rose at an annual rate of 3.4 percent in July. This represents a decline from May, which saw inflation hit a three-year high at 4.2 percent. This was primarily due to the rise in oil prices resulting from the outbreak of the Iran war in late February. According to the Consumer Price Index (CPI), which tracks the average cost of basic goods and services, core CPI, which excludes food and energy, also slowed to 2.5 percent, down from 2.6…Open
THEAMERICANCONSERVATIVE (Harrison Berger) - Bank of England Maintains Interest Rates
State of the Union: The BoE governor indicated that the bank may raise rates above 3.75 percent if disruptions to energy markets caused by the Iran War persist. The post Bank of England Maintains Interest Rates appeared first on The American Conservative .
The Bank of England held its rate at 3.75 percent on Thursday, with its Monetary Policy Committee voting six to three to leave rates unchanged. The decision came after UK consumer price inflation fell to 2.6 percent in June, its lowest reading in more than a year. At a press conference after the decision was announced, BoE governor Andrew Bailey said that the bank may raise rates if the Iran War continues and energy prices feed through to other prices in the economy. “If we get a continuation of this conflict going on and oil prices stay above $100 a barrel… the odds are that interest rates will have to go up higher,” Bailey told BBC. Bailey added that if the war were to become “credibly resolved,” the BoE would be able…Open