USA Inflation Eased in July 2022

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The Labor Department on 10-08-2022 reported that the consumer-price index rose 8.5% in July from the same month a year ago, down from 9.1% in June.

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June marked the fastest pace of inflation since November 1981.

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Slowing inflation gives Biden respite, but high prices remain a problem.

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Dow jumps 400 points, Nasdaq surges 2% as investors cheer lighter-than-expected inflation report.

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S&P 500 rises to the highest since MayThe S&P 500′s surge Wednesday took it to levels not seen since early May as the comeback rally reaches new heights.

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The dip in inflation will be a boon to the Biden administration which this week passed the $739bn Inflation Reduction Act in the Senate.

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Energy and food prices are notoriously volatile and could still rise again.

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U.S. crude recently fell 0.92% to $89.67 per barrel and Brent was at $95.40, down 0.94% on the day.

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USA Inflation Eased in July 2022

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August 2022

The Labor Department on 10-08-2022 reported that the consumer-price index rose 8.5% in July from the same month a year ago, down from 9.1% in June.

For details click here

For details click here

June marked the fastest pace of inflation since November 1981.

For details click here

Slowing inflation gives Biden respite, but high prices remain a problem.

For details click here

Dow jumps 400 points, Nasdaq surges 2% as investors cheer lighter-than-expected inflation report.

For details click here

S&P 500 rises to the highest since MayThe S&P 500′s surge Wednesday took it to levels not seen since early May as the comeback rally reaches new heights.

For details click here

The dip in inflation will be a boon to the Biden administration which this week passed the $739bn Inflation Reduction Act in the Senate.

For details click here

Energy and food prices are notoriously volatile and could still rise again.

For details click here

U.S. crude recently fell 0.92% to $89.67 per barrel and Brent was at $95.40, down 0.94% on the day.

For details click here

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  Slowing inflation gives Biden respite, but high prices remain a problem. 