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Price - 2 ” Clark Bellin - 2 That’s - 1 Bellin - 1 FactSet - 1 Jerome Powell - 1 he’d - 1 ” - 1
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Search resuls for: "” Clark Bellin"


2 mentions found


☆ Unexpected bad news for inflation: Wholesale prices rose in June
  + stars: | 2024-07-12 | by ( Alicia Wallace | ) edition.cnn.com   time to read: +2 min
CNN —Wholesale price inflation unexpectedly accelerated in June to its highest rate since March 2023. That’s an unwelcome development for the US economy one day after the government announced that consumer prices declined on a monthly basis for the first time in four years. On a monthly basis, prices rose 0.2% after holding flat in May. Economists had expected that prices would increase 0.1% on a monthly basis and hold steady at 2.2% annually. Prices dropped on a monthly basis for the first time since May 2020, and annual inflation slowed to 3%, its slowest rate since June 2023.
Persons: That’s, Price, ” Clark Bellin, Bellin Organizations: CNN —, of Labor Statistics, PPI, Federal Reserve
☆ PPI report: Another positive sign for consumers after wholesale inflation ticked down last month
  + stars: | 2024-06-13 | by ( Elisabeth Buchwald | ) edition.cnn.com   time to read: +3 min
Economists polled by FactSet had anticipated a 0.1% rise in monthly wholesale inflation. Excluding food and energy prices, so-called “core” producer inflation rose 2.3% on an annual basis, the same level seen in April. PPI captures average price shifts before they reach consumers and serves as a potential bellwether for retail-level inflation in the months ahead. The new inflation data follows May’s Consumer Price Index released Wednesday, which showed that the pace of price increase consumers see across goods and services cooled to 3.3% from 3.4% in April. But others expressed concerns that the fall in producer prices may actually represent a negative consequence.
Persons: FactSet, Price, Jerome Powell, he’d, ” Clark Bellin, ”, Christopher Rupkey, ” Rupkey Organizations: New, New York CNN, Federal Reserve, of Labor Statistics, PPI, Fed, FwdBonds Locations: New York
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