A closely watched measure of US inflation will probably illustrate more of the moderate price growth that the Federal Reserve wants to see sustained. The consumer price index is projected to rise 0.2% in July for a second month after excluding food and energy costs, marking the smallest back-to-back gains in 2 1/2 years. Economists … Read more
This is Washington Edition, the newsletter about money, power and politics in the nation’s capital. Today, economy reporter Reade Pickert previews the jobs number coming out tomorrow and its implications. Sign up here and follow us at @bpolitics. Email our editors here. It’s that time again. The monthly jobs report, set for release at 8:30 … Read more
Never mind the macro stats for the U.S. economy — Americans are hot, and very much still bothered by high prices, with recent reports about GDP growth, stock gains and a strong labor market apparently providing cold comfort. At least so far. Instead, most describe the economy as “uncertain,” along with calling it bad, and “struggling” … Read more
The stock market kicked off the week on a cautious note, with traders sifting through remarks from a slew of Federal Reserve speakers while awaiting key inflation data and the start of the earnings season. In a very choppy trading session, the S&P 500 closed with a small gain. The market didn’t get much support … Read more