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"Unless Zelenskiy gets rid of Tatarov, he won't be seen as serious in purging the country of corruption," she told Reuters. "He knew about law enforcement and warned us to be careful about saying almost anything on the phone," Maiboroda told Reuters. The National Anti-Corruption Bureau of Ukraine (NABU) said experts would need to study the material to verify it. "The main thing is that a person is honest," Zelenskiy told reporters several days after Tatarov's appointment. Zelenskiy told Ukrainian television network ICTV in October 2021 that the offshore arrangement was to protect his TV production business from political pressure by the Yanukovych government.
Persons: Oleh Maiboroda, Maiboroda, Oleh Tatarov, Volodymyr Zelenskiy, Tatarov, Maiboroda's, Ukraine's, Zelenskiy, Kyiv pollsters, Oleksii Reznikov, Reznikov, Daria Kaleniuk, Nicola Mirto, Mirto, Viktor Yanukovych, Yanukovich's, Maxym Mykytas, Mykytas, Maiborada, NABU, Yanukovych, , General Iryna Venediktova, Artem Sytnyk, Sytnyk, didn't, Oleksiy Symonenko, Symonenko, Andriy Yermak, Yermak, Denys, Dmytro Shtanko, Liudmyla, Sergey Shefir, Shefir, Vyacheslav Shapovalov, Yaroslav Zheleznyak, Zheleznyak, Zelensky, Ihor, Kolomoisky, Semen Kryvonos, Kaleniuk, , Stephen Grey, Dan Peleschuk, Janet McBride Organizations: Reuters, Ukrbud, Prosecutors, Ukraine's, European Union, International Monetary Fund, Kyiv, Kyiv Independent, Tatarov, Ministry, Interior Ministry, Virgin Islands, ICTV, National Agency for, Ministry of Defence, Kiel Institute, NATO, Thomson Locations: VIENNA, KYIV, Vienna, Ukraine, Tatarov, Russia, Europe, European, Kyiv, Italian, Ukrainian, Soviet Ukraine, Zelenskiy's, Switzerland, Spain, Soviet, United States, Irpin
According to Maiboroda, Mykytas used Tatarov for difficult tasks, including bribe payments on behalf of Ukrbud Development. "He knew about law enforcement and warned us to be careful about saying almost anything on the phone," Maiboroda told Reuters. The National Anti-Corruption Bureau of Ukraine (NABU) said experts would need to study the material to verify it. "The main thing is that a person is honest," Zelenskiy told reporters several days after Tatarov's appointment. Zelenskiy told Ukrainian television network ICTV in October 2021 that the offshore arrangement was to protect his TV production business from political pressure by the Yanukovych government.
Persons: Oleh Maiboroda, Maiboroda, Oleh Tatarov, Volodymyr Zelenskiy, Tatarov, Maiboroda's, Ukraine's, Zelenskiy, Kyiv pollsters, Oleksii Reznikov, Reznikov, Daria Kaleniuk, Nicola Mirto, Mirto, Viktor Yanukovych, Yanukovich's, Maxym Mykytas, Mykytas, Maiborada, NABU, Yanukovych, , General Iryna Venediktova, Artem Sytnyk, Sytnyk, didn't, Oleksiy Symonenko, Symonenko, Andriy Yermak, Yermak, Denys, Dmytro Shtanko, Liudmyla, Sergey Shefir, Shefir, Vyacheslav Shapovalov, Yaroslav Zheleznyak, Zheleznyak, Zelensky, Ihor, Kolomoisky, Semen Kryvonos, Kaleniuk, , Stephen Grey, Dan Peleschuk, Janet McBride Organizations: Reuters, Ukrbud, Prosecutors, Ukraine's, European Union, International Monetary Fund, Kyiv, Kyiv Independent, Tatarov, Ministry, Interior Ministry, Virgin Islands, ICTV, National Agency for, Ministry of Defence, Kiel Institute, NATO, Thomson Locations: VIENNA, KYIV, Vienna, Ukraine, Tatarov, Russia, Europe, European, Kyiv, Italian, Ukrainian, Soviet Ukraine, Zelenskiy's, Switzerland, Spain, Soviet, United States, Irpin
Artistgndphotography | E+ | Getty ImagesThe Federal Reserve is likely to skip an interest rate hike when it meets this week, experts predict. The central bank has already raised interest rates 11 times since last year — the fastest pace of tightening since the early 1980s. The average rates for a 30-year, fixed-rate mortgage "remain anchored north of 7%," said Sam Khater, Freddie Mac's chief economist. Auto loan rates top 7%Even though auto loans are fixed, payments are getting bigger because the price for all cars is rising along with the interest rates on new loans. Federal student loans are now at 5.5%Federal student loan rates are also fixed, so most borrowers aren't immediately affected by the Fed's moves.
Persons: Greg McBride, that's, Sam Khater, Freddie Mac's, McBride Organizations: Finance, Money, Homeowners, U.S, Treasury, Auto Locations: LendingTree, Federal
UNCASVILLE, Conn. (AP) — Kayla McBride scored 28 points and Napheesa Collier added 26 points and 13 rebounds as the Minnesota Lynx beat the Connecticut Sun 82-75 on Sunday to force a deciding Game 3 of their first-round playoff series. Alyssa Thomas scored 26 points and DeWanna Bonner added 24 for the No. 3 seeded Sun, who won the first game of the series by 30 points on Wednesday, but now must win a road game to advance. But the Sun responded with a run of their own and trailed only by 65-60 headed into the fourth quarter. Connecticut was also the third seed last season and had to beat the Wings on the road in a decisive third game to advance to the semifinals.
Persons: — Kayla McBride, Napheesa Collier, Alyssa Thomas, DeWanna Bonner, Sun, Collier, Bonner, McBride, Stephanie White, _____ Organizations: Minnesota Lynx, Connecticut Sun, Lynx, Sun, Wings Locations: UNCASVILLE, Conn, . Connecticut, Connecticut
Alvin and Patricia Maisonet bought their house in Bradfield Farms almost a decade ago. Bradfield Farms fit the bill: It is in an area that, in 2020, was 35 percent Black and 11 percent Latino, according to census data. Tarchia Barber chose to rent in Bradfield Farms because of the neighborhood’s rural feel. The RentersTarchia Barber liked the rural feel of Bradfield Farms, with cul-de-sacs and shady streets surrounded by farmland and woods. A school bus drops off students in Bradfield Farms, a quiet neighborhood where parents say their children often roam freely.
Persons: Ronda Kaysen, Ella Koeze, Logan Cyrus Sept, , Alvin Maisonet, Maisonet, Patricia Maisonet, Joggers, , Alvin, Kelli Enos, Cash, can’t, Laurie Goodman, “ Covid, David Howard, Keith R, Madeline Bankson, They’re, Jessica Moreno, Tarchia Barber, Barber, He’d, Nikki Sloup, Sloup, Becky Johnson, didn’t, Johnson, Jesus ”, Greg McBride, Hall, Brandon Little, Keller Williams, Bradfield, “ We’ve, Jade Rahmani, Keefe, “ It’s, ” Mr, Rahmani, Enos, ” Dana Hartness, James M, Hasty, Ms, Lisa Damas, Kasey, Jim Sylvester, Sylvester, Hartness, , — she’s, Dana Hartness, She’s Organizations: , HomeRiver, Investor, Vegas, Kansas City, Antonio, Houston, Investors, New York Times, Homeowners, , Bradfield Farms, Charlotte Airport, NORTH, NORTH CAROLINA, SOUTH, CAROLINA SOUTH, Bradfield, Housing Finance, Center, Urban Institute, National Rental Home, Rentals, Florida State University, Equity, Bankrate.com, Sheree, Nationwide, Facebook, Mecklenburg Police Locations: Ronda, Charlotte, N.C, Bradfield Farms, Bradfield, Paterson , N.J, United States, ATTOM, Atlanta, Phoenix, Memphis, Birmingham, Ala, Orlando, Fla, Jacksonville, Tampa, Kansas, Mo, NORTH CAROLINA, CAROLINA SOUTH CAROLINA, , American, North Carolina, New Jersey, Peru
Prices are rising, options are limited and interest rates are higher than they’ve been in over 20 years. The Federal Reserve started raising interest rates in March last year to combat inflation, eventually pushing its benchmark rate to the highest level since 2001. That has had an effect on rates for auto loans, which are now about 7.4 percent on average for new cars and 11.2 percent for used cars, according to Edmunds. Higher interest rates mean those who can put off buying a new car until next year or later, probably will. High rates were the top factor holding back business for car dealers this quarter, according to a recent survey from Cox Automotive.
Persons: It’s, they’ve, “ You’re, , Greg McBride Organizations: Federal Reserve, Bankrate, Cox Automotive Locations: Edmunds
NEW YORK (AP) — Historical novels by Jayne Anne Phillips and Paul Harding and Nana Kwame Adjei-Brenyah’s dystopian prison novel “Chain-Gang All-Stars” are among the nominees on the National Book Awards long list for fiction. The judges, who include authors, critics and booksellers, will narrow the lists to five next month, and winners will be announced Nov. 15 during a dinner ceremony in downtown Manhattan. The foundation also will present honorary awards to poet Rita Dove and bookseller Paul Yamazaki of the famed City Lights store in San Francisco. Drew Barrymore had been scheduled to host the ceremony but was dropped by the foundation after she resumed her talk show in the midst of the Hollywood actors and writers strike. The foundation has not yet named a replacement.
Persons: Jayne Anne Phillips, Paul Harding, Nana Kwame Adjei, Phillips, Harding, , Mona Susan Power's multigenerational, ” Eliot Duncan’s, Hanna Pylväinen’s, Tania James’s, Justin Torres, Aaliyah, LaToya Watkins, , Jesmyn, James McBride's “, Lauren Groff's “, Wilds, Jamel Brinkley's, Rita Dove, Paul Yamazaki, Drew Barrymore Organizations: National, Foundation, of Dolls, Book Foundation, Hollywood Locations: Manhattan, San Francisco
Anadolu Agency | Anadolu Agency | Getty ImagesInflation rose in August on the back of higher gasoline prices, according to the consumer price index. Gasoline was the largest contributor to inflation in August, accounting for more than half of the increase, according to the BLS. This pared-down measure — known as "core" CPI — fell to an annual rate of 4.3% in August from 4.7% in July. On a monthly basis, core inflation rose slightly, to 0.3% in August from 0.2% in July. The increase in monthly core CPI "is a little bump in the road," said Kayla Bruun, senior economist at Morning Consult.
Persons: Andrew Hunter, Hunter, Kayla Bruun, " Bruun, Greg McBride, Ben Bernanke, Olivier Blanchard, Scott Olson Organizations: Anadolu Agency, Getty, Capital Economics, U.S . Bureau of Labor Statistics, CPI, AAA, BLS, Transportation, U.S . Department, Morning, Bankrate, U.S . Federal Reserve, Peterson Institute for International Economics Locations: Virginia, U.S
Inflation sped up again in August
  + stars: | 2023-09-13 | by ( Madison Hoff | ) www.businessinsider.com   time to read: +4 min
The latest report from the Bureau of Labor Statistics suggests inflation is still too high, given the Fed's 2% target. The index for gas climbed 10.6% month over month, way more than the previous month over month increase of 0.2%. The new report also shows how much core CPI increased in August, a key inflation measure that excludes food and energy. Year over year, core CPI soared by 4.3%, same as the forecast of 4.3% and below July's increase of 4.7%. While the Fed has been fighting inflation with interest rate hikes, there may be more to come as inflation is still above the central bank's target 2%.
Persons: Greg McBride, Bankrate, McBride Organizations: Bureau of Labor Statistics, Service, Index, of Labor Statistics, BLS, CPI Locations: That's, Wall, Silicon
All this uncertainty has led markets to lack conviction, flip-flopping as conflicting narratives around inflation rates and Fed hikes prevail. But this week’s readings — just a few days ahead of the Fed’s September policy meeting -— could give the markets direction. “Getting core inflation to 2% won’t come quickly, and upside risks remain,” said Greg McBride, chief financial analyst at Bankrate. And while the Fed generally looks at core inflation, the impact of crude prices often extends into other areas of the economy. Pensions and inflation adjustments: The UAW wants a return of traditional pension payment plans and retiree health care for all UAW members.
Persons: There’s, , Price, Jason Pride, Michael Reynolds, Glenmede, , Greg McBride, David Kelly, Chris Isidore, Shawn Fain, they’re, Chris, Jordan Valinsky, Instacart, Organizations: CNN Business, Bell, New York CNN, United Auto Workers, Federal, Consumer, of America, JPMorgan Asset Management, UAW, Ford, Jeep, Dodge, Chrysler, Workers, Union Locations: New York, China, Saudi Arabia, Russia, America, Instacart
Ben Sasse told The New York Times that professors shouldn't feel stifled by a new Florida law. "You want to actually be teaching debates that allow people to get inside texts and wrestle," he said. Sasse, a former Nebraska senator, took over the reigns of the University of Florida earlier this year. In July, SB 266, which mandates that professors cannot "distort" historical events, became Florida law. "There's nothing that's going to keep a University of Florida professor from teaching that," he told the newspaper.
Persons: Ben Sasse, shouldn't, Ron DeSantis, Sarah McBride, Trump Organizations: New York Times, University of Florida, Service, Nebraska Republican, Gov, Republicans, Yale University Locations: Florida, Nebraska, Wall, Silicon, United States
Money market funds, on the other hand — while also generally safe — are a bit riskier, experts said. Investors who prefer money market funds may opt for government money market funds, which carry slightly less risk, Elliott said. YieldMoney market funds tend to pay a slightly higher interest rate relative to high-yield savings accounts, Elliott said. TaxesInterest income for both high-yield savings and money funds is taxed as regular income, experts said. However, some money market funds may carry tax benefits, said Eric Bronnenkant, head of tax at Betterment.
Persons: Kamila Elliott, Elliott, Greg McBride, They've, McBride, Treasurys —, Eric Bronnenkant, Bronnenkant Organizations: Wealth Partners, CNBC, Bankrate, Federal Reserve, Deposit Insurance Corporation, Treasury, Lehman, Federal Reserve Bank of Boston, Investor Protection Corporation, Investors, Data, Federal, Consumers, U.S Locations: Atlanta
“She’s always had such a regal reverence and a curiosity about dance from all over the world,” he said. Her hip-hop and R&B pedigree is evident in neck swivels and shoulder shimmies that connect TikTok dances to their 20th-century lineage. Some of the songs were sped up to match her moves, Sanders said. He also wrote songs for the movie, including a beat-driven work anthem for Harpo, Mister’s son (Corey Hawkins). During Bazawule’s presentation — via video during the height of covid — “I literally texted Oprah,” Sanders recalled.
Persons: Bazawule’s, Fatima Robinson, Michael Jackson, Mary J, Blige, ” Bazawule, Aaliyah, “ She’s, , Sanders, Bazawule, “ It’s, Ricky Dillard, Keb, , Christian McBride, Brenda Russell, Allee Willis, Stephen Bray, Harpo, Mister’s, Corey Hawkins, , ” Sanders, Locations: Accra
Higher interest rates created a 'golden handcuff' effectSince it's unlikely rates will drop anytime soon, this has created a so-called golden handcuff effect. Similar to the financial incentives employers may offer to discourage employees from leaving a company, homeowners are now bound by their low mortgage rate. They don't want to move now and give up that low rate to buy at a higher rate. Between 1978 and 1981, mortgage rates similarly doubled from around 9% to more than 18%, compelling more homeowners to hold on to their homes. However, "mortgage rates weren't at record lows in the late 70s before they started to skyrocket in the early 80s, nor did home prices increase as rapidly," Channel said.
Persons: Nicole Bachaud, Bachaud, John Burns, Tomas Philipson, Bob, Terri Wood, Bob Wood Bob Wood, Terri, It's, Wood, he'd, Greg McBride, Jacob Channel Organizations: Finance, John Burns Research & Consulting, University of Chicago, White House Council, Economic Advisers, CNBC Locations: Mobile , Alabama, Tennessee, LendingTree
Low inventory, high mortgage rates, and high prices have created a difficult housing market. Low inventory, high mortgage rates, and high prices have put the housing market into a state of unaffordability that's weighing on house hunters, current homeowners, and even real estate investors. AdvertisementAdvertisementAs things stand, roughly one-quarter of homeowners are sitting on mortgage rates of less than 3%, near the highest on record. The seasonally-adjusted data showed prices climbed in every single city in the group's 20-city index. Otherwise said, half the cities in our sample now sit at all-time high prices."
Persons: we've, Craig J, Lazzara, DJI, Daryl Fairweather, haven't, Shay Stein, Realtor.com, Fannie Mae, Bill McBride Organizations: Homeowners, Service Locations: Wall, Silicon, Realtor.com
Television’s depictions of religion have often leaned either toward po-faced dogma or scouring atheism, but here is one that dares to split the difference. The eldest, Jesse, is a pompous hothead whose default response to any insult is light violence and who, despite his persona as a family man, has enjoyed the sort of hard-partying lifestyle that would make early-1970s Led Zeppelin blush. His sister, Judy, is a flamethrowing libertine with a staggeringly foul mouth and a tendency to transgress against her lovingly milquetoast husband. Like a staging of “King Lear” at a monster-truck rally, the show has a loneliness that undergirds its berserk energy. This is not the only fascinating vision of the church on HBO these days.
Persons: they’ve, McBride, Jesse, Judy, “ King Lear ”, John Goodman, Eli Gemstone —, Aimee, Leigh, Croesus, , Gideon, , Bridget Everett, Sam, Joel, Sam —, Maria ” Organizations: , Southern, Gemstone Salvation, HBO, Hollywood Locations: American, Hollywood, Kansas, America
eclipse_images | E+ | Getty ImagesATM fees rise while overdraft, NSF fees fall"ATM fees are biting harder than ever," said Greg McBride, Bankrate's chief financial analyst. When factoring in the combined fees for using an out-of-network ATM, the average fee is $4.73, also a fresh high. On the upside, overdraft fees and non-sufficient funds fees are now significantly lower. watch nowHowever, few banks have done away with them altogether: 91% of banks still charge overdraft and 70% charge non-sufficient funds fees, Bankrate also found. "Despite recent progress in addressing overdraft fees, the job is far from complete," said Nadine Chabrier, the Center for Responsible Lending's senior policy counsel, in a statement.
Persons: Greg McBride, Bankrate, Nadine Chabrier Organizations: Getty, CFPB, Bank of America, Center
House Majority Leader Steve Scalise said he has multiple myeloma. It's a rare blood cancer that can be treated for years but currently is not curable. The results uncovered some irregularities and after undergoing additional tests, I was diagnosed with Multiple Myeloma, a very treatable blood cancer," Scalise said in the statement. The results uncovered some irregularities and after undergoing additional tests, I was diagnosed with Multiple Myeloma, a very treatable blood cancer. "Unfortunately, if left untreated, myeloma cells can multiply and continue to grow in a person's bone marrow," he added.
Persons: Steve Scalise, Scalise, Sarah McBride, Trump, Anders Kolb, Kolb, MSKCC, " Kolb, James T, Hodgkinson Organizations: Service, Twitter, Louisiana Republican, Memorial Sloan Kettering Cancer Center, Leukemia, Lymphoma Society, Congressional Locations: Wall, Silicon, Washington, Louisiana, M.D
Fannie Mae reported that the single-family serious delinquency rate is down 0.54% in July. Housing expert Bill McBride pointed to the data as reason not to expect widespread home price declines. AdvertisementAdvertisement"Freddie's serious delinquency rate peaked in February 2010 at 4.20% following the housing bubble and peaked at 3.17% in August 2020 during the pandemic," McBride wrote. Single Family Serious Delinquency Rates Calculated RiskThe decline in serious delinquencies point to low rates of foreclosures, which in turn suggest stable prices. The dynamic was on display in 2008, when a wave of bank foreclosures dragged the US housing market down, with prices plummeting as much as 20% in parts of the country.
Persons: Fannie Mae, Bill McBride, Freddie Mac, McBride Organizations: Service Locations: Wall, Silicon
He did not specify what the bank's next move will be and committed to reaching the 2% inflation target. On Friday, Powell took the podium for the Fed's annual economic policy symposium hosted by the Kansas City Fed. Doing too much could also do unnecessary harm to the economy," Powell said during his remarks. The unemployment rate has offered another promising sign for the Fed in its inflation fight. Chair Powell must maintain the Fed's pause on rate hikes and avoid further rate increases that threaten our economy and risk throwing Americans out of work."
Persons: Jerome Powell, Jackson, Powell, , it's, Massachusetts Sen, Elizabeth Warren, Greg McBride Organizations: Service, Kansas City Fed, Fed, Democratic Locations: Wall, Silicon, Jackson Hole , Wyoming, Massachusetts
James McBride Doesn’t Read Reviews. Here’s Why.
  + stars: | 2023-08-24 | by ( Elisabeth Egan | ) www.nytimes.com   time to read: +1 min
Between these poles are all forms of social media; and, on a different continent but still the same planet, reviews printed in the font you’re reading now. When it comes to all of the above, James McBride takes a page from Herman Melville’s short story “Bartleby, the Scrivener.” Like the titular clerk, McBride prefers not to — in his case, read reviews. I’m grateful that people read the work. If you’re writing about humans, you’ve got to be around humans. The big secret to writing good books is to stay around people, and not stay around what they write on the internet.”
Persons: James McBride, Herman Melville’s, Scrivener, McBride, “ I’m, , Danez Smith, ” McBride, , I’m, I’ve, , you’ve Locations: Columbia
NFL roundup: Colts use big 4th quarter to storm past Bears
  + stars: | 2023-08-20 | by ( ) www.reuters.com   time to read: +8 min
[1/5] Aug 19, 2023; Indianapolis, Indiana, USA; Indianapolis Colts quarterback Sam Ehlinger (4) after the game against the Chicago Bears at Lucas Oil Stadium. Beathard completed 12 of 20 passes for 138 yards with one touchdown and one interception for the Jaguars (2-0). Nate Sudfeld completed 9 of 18 passes for 80 yards with a touchdown and an interception for the Lions (1-1). Teammate John Wolford was 4-for-4 for 57 yards before leaving the game with a neck injury in the third quarter. With Aaron Rodgers sitting out the game, Jets backup quarterback Zach Wilson completed 9 of 13 passes for 70 yards.
Persons: Sam Ehlinger, Trevor Ruszkowski, Ehlinger, Jake Funk's, Matt Gay, Daurice Fountain, Nathan Peterman, Justin Fields, Isaiah Bolden, Bolden, Calvin Munson, Malik Heath, Bailey Zappe, Jordan Love, D'Ernest Johnson, Tank Bigsby, Beathard, Trevor Lawrence, Parker Washington, Teddy Bridgewater, Nate Sudfeld, Skylar Thompson, Tua Tagovailoa, Thompson, Salvon Ahmed, C.J, Stroud, Ka'imi Fairbairn, Kenny Pickett, Matt Barkley, Jaylen Warren, Pat Freiermuth, Josh Allen, Barkley, Joey Porter Jr, Chandon Sullivan, Elijay Riley, Kyle Allen, Justin Shorter, Trey Palmer, Kyle Trask, Trask, John Wolford, Wolford, Greg Zuerlein, Aaron Rodgers, Zach Wilson, Patrick Mahomes, Blaine Gabbert, Shane Buechele, Buechele, Chris Oladokun, Matt Prater's, Clayton Tune, Malik Willis, Julius Chestnut, Willis, Nick Mullens, Jake Moody's, Trey Lance, Cameron Latu, Francisco, Lance, Jarrett Stidham, Ben DiNucci, Jaleel McLaughlin, Brian Hoyer, Aidan O'Connell, Isaiah Pola, Daniel Carlson's, Stetson Bennett, SaRodorick Thompson Jr, Drew Lock, Dak Prescott, Cooper Rush, Will Grier, Rush, Rico Dowdle Organizations: Indianapolis Colts, Chicago Bears, Lucas Oil, NFL, Colts, Indianapolis, Bears, Patriots, Packers, Pats, Jaguars, Lions, Detroit, Jacksonville, Dolphins, Texans, Miami, Houston, Steelers, Bills, Pittsburgh, Buffalo, Buccaneers, Jets, Tampa Bay, Chiefs, Cardinals, Kansas City, Vikings, Tennessee, Minnesota, Titans, 49ers, Broncos, Denver, The 49ers, Raiders, Rams, Las Vegas, The Raiders, Seahawks, Cowboys, Dallas, Seattle, Thomson Locations: Indianapolis , Indiana, USA, New England, Green, England, Jacksonville, Pickett, Tampa, New York, East Rutherford, N.J, Arizona, Glendale, Ariz, Minneapolis, Minnesota, Santa Clara, Calif, Los Angeles, Inglewood , Calif, Vegas, Seattle
Inflation as measured by the CPI was expected to accelerate, with a year-over-year CPI forecast of 3.3% for July after June's 12-month change of 3.0%. Inflation had been cooling for 12 straight months before the latest CPI release. That increase is around the forecast, a year-over-year increase of 4.8%. The food index surged 4.9% year over year in July. "Despite elevated inflation, longer-term inflation expectations appear to remain well anchored, as reflected in a broad range of surveys of households, businesses, and forecasters, as well as measures from financial markets."
Persons: That's, Tom Garretson, Garretson, Greg McBride, Jerome Powell Organizations: Service, Index, Bureau of Labor Statistics, CPI, RBC Wealth Management, Federal Locations: Wall, Silicon
Here's the inflation breakdown for July, in one chart
  + stars: | 2023-08-10 | by ( Kate Dore | Cfp | ) www.cnbc.com   time to read: +2 min
July's CPI report was "better than we were expecting," said Eugenio Aleman, chief economist at Raymond James. Nearly all of the monthly inflation increase came from shelter costs, which increased by 0.4% and were up 7.7% compared with one year ago. Despite rising oil costs, energy prices increased just 0.1% in July and food increased 0.2%, according to the bureau. However, there was relief for used vehicle prices, which dropped by 1.3%, and medical care services, which were down 0.4%. 'Jumping oil prices' is a threat to inflation targetwatch nowMillions of households are 'stretched financially'Despite falling inflation, many Americans are still feeling the pinch of higher prices.
Persons: July's, Eugenio Aleman, Raymond James, it's, Aleman, Greg McBride, It's Organizations: U.S . Bureau of Labor Statistics, July's CPI Locations: U.S
On the heels of another rate hike last month by the Federal Reserve, the average credit card rate is now more than 20% on average, an all-time high. "People aren't financing purchases at 20% because they have other options," said Greg McBride, chief financial analyst at Bankrate. "As a result, they are tapping into these available credit products to help them cope with rising expenses." As the number of credit card accounts in the U.S. rose, delinquencies notched higher, the report said. How to tackle high-interest credit card debtkrisanapong detraphiphat | Moment | Getty Images
Persons: John Sedunov, Greg McBride, Sedunov, Gen, TransUnion, Michele Raneri, Raneri Organizations: New York Fed, Villanova University's School of Business, Federal Reserve, Bankrate, TransUnion Locations: U.S
Total: 25