Golden Horn and Bosphorus at sunset, Istanbul, TurkeyMatteo Colombo | Digitalvision | Getty ImagesTurkey came out miles ahead of the rest of the world in an annual global wealth ranking — in a result that may come as surprising, given the country's high levels of inflation."Türkiye stands out with a...
Category: Economy
Inflation falls 0.1% in June from prior month, helping case for lower rates
The monthly inflation rate dipped in June for the first time in more than four years, providing further cover for the Federal Reserve to start lowering interest rates later this year.The consumer price index, a broad measure of costs for goods and services across the U.S. economy, declined 0.1% from...
Key inflation report looms on Thursday as traders grow more confident in Fed rate cut
An Aldi supermarket in Alhambra, California, on June 27, 2024.Eric Thayer | Bloomberg | Getty ImagesA widely anticipated inflation report on Thursday may solidify expectations for the Federal Reserve to cut interest rates in coming months.The consumer price index, or CPI, report for June is due out at 8:30 a.m....
A new index is using AI tools to measure U.S. economic growth in a broader way
David A. Steinberg, CEO of Zeta Global Holdings, at the New York Stock Exchange.Source: NYSEMeasuring the strength of the sprawling U.S. economy is no easy task, so one firm is sending artificial intelligence in to do the job.The Zeta Economic Index, launched Monday, uses generative AI to analyze what its...
Key Fed measure shows inflation rose 2.6% in May from a year ago, as expected
An important economic measure for the Federal Reserve showed Friday that inflation during May slowed to its lowest annual rate in more than three years.The core personal consumption expenditures price index increased just a seasonally adjusted 0.1% for the month and was up 2.6% from a year ago, the latter...