U.S. consumer prices rose 0.3% in July, pushed higher by more expensive gas, medical care and housing.
US consumer prices rose 0.3% in July, lifted by more expensive gas, medical care and housing
The figures suggest that inflation is picking up slightly, though it remains modest. The economy is in its 11th year of growth, unemployment is low, and wages are growing modestly. These are trends that typically accelerate price gains. But many companies are reluctant to charge more in the face of online and global competition.
Rents rose 0.3% and are up 3.5% in the past year. Hotel stays have gotten 4.6% more expensive in the past year.
The Federal Reserve maintains a 2% inflation target to avoid the destabilizing effect of deflation, which can pull down prices and wages. It has mostly missed that target since it was established in 2012. Its preferred measure rose just 1.4% percent in June compared with a year earlier. That measure isn't as influenced by rental prices.
Gas prices jumped 2.5% in July, though they have already fallen back and will likely keep doing so since oil prices are declining. The average price for a gallon of gas was $2.64 Tuesday, down 15 cents from a month earlier.Read more: ABC News
Higher prices for the things people need so have no choice to pay for them. Who supplies these things people need? Greedy corporations. The article defies its own headline. 'Gas prices jumped 2.5% in July, though they have already fallen back and will likely keep doing so since oil prices are declining. ' BTW: Gas prices always drop in Aug when millions of school buses hit the road. Supply & Demand
The economy is a ticking time bomb. Enjoy going back to work after your retirement savings disappear boomers my insurance went up 300% since Obama
US budget deficit grows 27% through JulyNEW: U.S. government's budget deficit rises to $867 billion during the first 10 months of this budget year, as spending grew more than twice as fast as tax collections. The U.S dollar will be used as wallpaper in our lifetime 'I will eliminate U.S. debt in 8 years.' - Donald Trump on April Fools Day, 2016
US budget deficit rises 27% through JulyThe US budget deficit widened to $867 billion for the first 10 months of the fiscal year, an increase of 27% over this time last year, the Treasury Department reported Monday. What could go wrong when you have a person who can bankrupt a casino is running the country. Remember, the house is always supposed to win 😂 Best. Business. Man. Ever. Thank you, President Trump and the Republicans.
Higher gasoline prices, rent boost cost of living in July, CPI shows, but U.S. inflation still mildAmerican households paid more in July for goods and services such as gasoline and rent to nudge inflation higher, but not enough to arouse any worries or... Hey Fed, Rate Increase?!!
China warns of 'terrorism' in Hong Kong protests, says the U.S. is supporting itAfter Hong Kong police were attacked with firebombs, a Chinese official warned 'violent crimes must be resolutely cracked down in accordance with the law, without hesitation or mercy.' 🔥🔥🔥🔥☂️🔥🔥🔥🔥Stop China junk Yes....kick those US state dept. sponsored thugs...hard. Sentletse China is talking rubbish.
Here's how to hedge currency ETFs on the strengthing US dollarAs the trade war continues, ToddCFRA and TomLydon join BobPisani to discuss how to hedge currency ETFs on the strengthening U.S. dollar. Sponsored by InvescoUS ToddCFRA TomLydon BobPisani InvescoUS You're fakenews Trump2020 ToddCFRA TomLydon BobPisani InvescoUS Some people dont keep track but I surely do and realDonaldTrump failed policies have wreaked havoc on my 401k & Roth accounts. ToddCFRA TomLydon BobPisani InvescoUS End the Federal Reserve.
The Trump administration's new immigration rules bring us all the way back to 1882'The benefit is long-term benefit, self-sufficiency is critical for the U.S. and American taxpayers going forward.' They want to keep a white majority ... and they think they can do that by changing the immigration laws. It’s just pathetic. 1882, huh? Quite fitting. Make America great again?