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The easing of inflation pressures is giving the economy some breathing room, for now

If inflation has been the biggest threat to U.S. economic growth, then July’s data should provide signs that there’s at least some relief in the pipeline. …read more Source:: Economy – CNN

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Consumer prices rose 8.5% in July, less than expected as inflation pressures ease a bit

…read more Source:: Economy – CNN

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Consumers expect inflation to slow down, a big win for the Fed

The consumer outlook for inflation tumbled in July amid a sharp drop in gas prices and a belief that the surges in food and housing also would ebb. …read more Source:: Economy – CNN

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Food prices fell sharply in July — but the respite may not last

Global food prices slid in July, but there are doubts over whether the good news will last as, among other things, the Russia-Ukraine grain deal appears shaky. …read more Source:: Economy – CNN

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Cash withdrawals in the UK soar as Brits grapple with the rising cost of living

Brits are using cash as a way to manage their budgets as inflation in the country is expected to peak at over 13% in October. …read more Source:: Economy – CNN

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Fed Governor Bowman sees ‘similarly sized’ rate hikes ahead after three-quarter point moves

Federal Reserve Governor Michelle Bowman said Saturday she supports the central bank’s recent big rate increases and believes they should continue. …read more Source:: Economy – CNN

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Danger ahead: The U.S. economy has yet to face its biggest recession challenge

You’d be hard-pressed now to find a recession in the rearview mirror. What’s down the road, though, is another story. …read more Source:: Economy – CNN

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Despite a strong jobs report, unemployment inched higher for Black workers in July

Black workers saw a rise in unemployment last month even as the headline number declined. …read more Source:: Economy – CNN

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Here’s where the jobs are for July 2022 — in one chart

There was an appetite for workers particularly in the service sector, which has been grappling with labor shortages. …read more Source:: Economy – CNN

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Payrolls increased 528,000 in July, much better than expected in a sign of strength for jobs market

Nonfarm payrolls were expected to increase 258,000 in July, according to Dow Jones estimates. …read more Source:: Economy – CNN

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