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Christopher Rupkey - 1 Joe Biden - 1 Chris Zaccarelli - 1 Sarah Silbiger - 1 Michael Gregory - 1 Lucia Mutikani - 1 Chizu Nomiyama - 1 Andrea Ricci - 1
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Search resuls for: "Michael Gregory"


2 mentions found


☆ US economy shifts into disinflation mode; consumer prices rise modestly
  + stars: | 2023-07-12 | by ( Lucia Mutikani | ) www.reuters.com   time to read: +7 min
That was the smallest year-on-year increase since March 2021 and followed a 4.0% rise in May. The year-on-year CPI is slowing in part as last year's large rises drop out of the calculation. It was the first time in six months that the so-called core CPI did not post monthly gains of at least 0.4%. Services prices rose 0.3%, matching May's gain. Economists view the ISM services prices paid measure as a good predictor of personal consumption expenditures (PCE) inflation.
Persons: Christopher Rupkey, Joe Biden, Chris Zaccarelli, Sarah Silbiger, Michael Gregory, Lucia Mutikani, Chizu Nomiyama, Andrea Ricci Organizations: Federal Reserve, Labor Department, Fed, Reuters Graphics, CPI, Reuters, Independent, Treasury, El Progreso Market, Washington , D.C, REUTERS, Institute, Supply, BMO Capital Markets, Thomson Locations: WASHINGTON, U.S, New York, Charlotte , North Carolina, Mount Pleasant, Washington ,, Toronto
☆ Fed to keep rates untouched this year; risk of U.S. default high - Reuters poll
  + stars: | 2023-05-17 | by ( Indradip Ghosh | Thomson Reuters | Reports On The Outlook For Major Economies | ) www.reuters.com   time to read: +4 min
"Put simply, inflation is more than double the Fed's target rate and the unemployment rate is below every FOMC participant's estimate of the natural rate. "In our view, rather than lean against a mild recession, the Fed would view it as an acceptable price for bringing inflation back down to target." A slight majority, 22 of 41 respondents, said the risk of a default was higher this time compared to prior episodes of debt ceiling brinkmanship. Elevated worries about a default will push U.S. Treasury yields higher over the coming weeks, a separate Reuters poll showed. The macroeconomic consequences of a short default would be somewhat more severe."
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