Homepage / Currency / US consumer prices rise less than expected in July
This ex-Googler is bringing self-driving excavators to construction sites India's high-flying start-ups are getting a dose of harsh reality Here comes Chinese GDP data at a pivotal time for the country MongoDB will raise $192 million in IPO, making it worth $1.2 billion Asia markets await China data after Dow closes above 23,000 for the first time Blue Apron layoffs hit office hardest, warehouse workers mostly spared, say sources Lawmakers urge US to craft targeted sanctions on Myanmar military Cramer Remix: Johnson & Johnson is out of battleground territory Cramer: Facebook's latest acquisition is a 'terrific insurance bet' against Snap Firm says it was wrong about Snap and slashes key estimate in half — but still no 'sell' rating IBM will get a strong tailwind from the weak dollar, CFO Martin Schroeter says Cramer sees great buying opportunities in 'Washington's shenanigans' Bids for Amazon's second headquarters are due Thursday – here are all the cities in the running Blue Apron cuts 6 percent of its workforce Amazon is spreading itself thin and getting into the ‘danger zone,’ analyst says Adobe shares jump more than 5 percent on 2018 profit forecast Snap's newest product is a 'dancing hot dog' costume Wall Street veterans are trickling into digital asset management State pension funds continue to fall behind. Here's how much you owe Senators are pushing to curb election meddling on social media Here are 4 top chip stock ideas for the next year: Barclays Russians used Facebook Messenger to interfere with election, top executive says Samsung is playing catch-up with Apple's Siri and the Google Assistant The federal lawmakers who regulate Amazon are begging the company to move to their home states Warren Buffett just made nearly $800 million in IBM, a stock he doesn’t even like that much The 2017 chart of the stock market looks 'eerily similar' to the one that crashed 30 years ago Google's AI subsidiary made a game-playing program that's entirely self-taught Xi sees US retreating on world stage and seeks to fill void as 'most powerful' Chinese leader in 45 years Tech companies are suddenly spending much more on lobbying as NAFTA negotiations loom Shares of IBM just did something they haven’t done in 15 years 'It's very hard not to give tax cuts to the wealthy,' Steven Mnuchin now says Bond market flashing warning sign even as stocks rally to new highs Mohawk Tribe sues Microsoft, Amazon for patent infringement Bitcoin plunges nearly 9% on fears of greater oversight from US regulators US 10-year yield flashes possible warning: Dallas Fed's Kaplan Chinese fintech company Qudian spikes more than 40 percent in IPO 'The housing market can't take the shock of a natural event,' real estate economist warns The Apple Watch is finally taking off, says analyst By selling now, investors risk missing an additional 'melt-up' in the market Amazon's next big bet is letting you communicate without a smartphone, says Alexa's chief scientist Cramer: IBM is not a Warren Buffett story anymore but about 'reignition of earnings' IBM sees biggest jump in 8 years after earnings beat Rising seas threaten nearly $1 trillion worth of US homes, says Zillow Germany's Hochtief confirms $20 billion bid for Spain's Abertis Amazon's $13.7 billion bet on online grocery ordering hasn't convinced shoppers to stay home The same federal lawmakers who regulate Amazon are wooing the company in the race for HQ2 OPEC reportedly favors 9-month extension to output cut deal in bid to boost oil prices Stephen Curry’s new shoe will spark an Under Armour turnaround: Analyst Apple and GE are writing software to help detect when jet engines could fail Merck shares jump after Citi upgrade on stronger cancer drug sales US investors should get some international exposure Elon Musk is 'fixated on Mars' but Bezos and I want space to better Earth, says Richard Branson Hurricanes Harvey and Irma drive housing starts down to a one-year low When the revolution eats itself Stocks making the biggest moves premarket: CVX, MGM, ANTM, IBM, CREE, AMZN & more Hillary Clinton says US threats of war with North Korea are 'dangerous' and 'short-sighted' Twitter’s new user rules crack down on nudity and 'unwanted sexual advances' The only thing scary about the Dow is that nothing seems to scare it Economist lays out a ‘concerning’ trend for Apple stock 1 billion users could be using 5G by 2023 with China set to dominate, study says The big question for US cities: Is Amazon’s HQ2 worth the price? Google and Goldman Sachs are two of the most active investors in blockchain firms Iraq calls on BP to 'quickly' develop disputed oilfields after seizing areas of Kirkuk Amazon, eBay accused of ‘profiting’ from tax fraud in UK JPMorgan buys fintech start-up WePay WhatsApp is blocked in China and VPNs are being hit as the Communist Party Congress begins Xi Jinping makes big promises for China's economic future Akzo Nobel issues profit warning after third-quarter earnings miss Boeing says Bombardier jets could still face hefty duties even if they are assembled in Alabama European shares expected to open on a positive note as earnings season picks up the pace InterContinental is bringing two new hotel brands to Asia India's troubled banks desperately need more money — but government help just isn't coming An upcoming fintech IPO is set to be 2017's largest Chinese listing in the US Amazon has brought benefits—and disruption—to Seattle Mobileye: Without safety standards self-driving cars risk being an 'expensive science experiment' Chinese President Xi Jinping touts successes of socialism at Communist Party Congress Former Tesla factory workers allege racial harassment in new lawsuit Crypto venture firm Blockchain Capital is raising $150 million for two funds Asia markets to keep an eye on China's Party Congress as dollar firms Cramer Remix: The big problem that triggered Netflix’s decline A.I. company CEO: Big data is not a visualization problem, it's a human scale problem Cramer pushes back against 'peak earnings' theory with 4 cheap stocks This family bet it all on bitcoin IBM set to report earnings after the bell Magic Leap gets another $502 million in funding for its mysterious product Here are 4 top software stock ideas from Cowen Alphabet says Sidewalk Labs unit will build a model urban district in Toronto Don't doubt Elon Musk, says astronaut who spent a year in space Traders bet on obscure e-commerce stock in speculation over bitcoin's blockchain technology Billionaire Mark Cuban on running for President in 2020: ‘If I was single, I would do it. For sure’ Facebook executive Regina Dugan leaves experimental hardware group after 18 months Tech's 'winner take all' system is making valuations spike, says NYU professor Market-beating value investor Bill Nygren on why he's bullish on Netflix, General Electric Biggest risk to Netflix is a $7-per-month Amazon streaming service, analyst Mark Mahaney says Not every Wall Street analyst is gaga over Netflix Rally continues, but 'this is kind of how bull markets end,' Bank of America strategist says Fund managers bet on rising interest rates but not on tax-cut boost for stocks A track record of success: The 5 stocks that have crushed it year after year Tesla employees detail how they were fired, claim dismissals were not performance-related Volvo unveils Polestar 1 electric sports coupe, its bid to take on Tesla

Currency

US consumer prices rise less than expected in July

U.S. consumer prices rose less than expected in July, pointing to benign inflation that could make the Federal Reserve cautious about raising interest rates again this year.

The Labor Department said on Friday the Consumer Price Index edged up 0.1 percent last month after being unchanged in June. That lifted the year-on-year increase in the CPI to 1.7 percent from 1.6 percent in June.

Economists polled by Reuters had forecast the CPI rising 0.2 percent in July and climbing 1.8 percent year-on-year.

Stripping out the volatile food and energy components, consumer prices gained 0.1 percent for the fourth straight month. The so-called core CPI rose 1.7 percent in the 12 months through July – it has now increased by the same margin for three straight months.

The modest gain in consumer prices could worry Fed officials who have largely viewed the retreat in inflation as temporary.

Fed Chair Janet Yellen told lawmakers last month that “some special factors,” including prices for mobile phone plans and prescription drugs were partly responsible for the low inflation readings.

The U.S. central bank has a 2 percent inflation target and tracks a measure that has been stuck at 1.5 percent since May. Inflation remains tame despite the labor market being near full employment, a conundrum for the Fed as it contemplates tightening monetary policy further.

The central bank is expected to announce a plan to start reducing its $4.2 trillion portfolio of Treasury bonds and mortgage-backed securities at its policy meeting next month. It is expected to delay its next rate hike until December while it monitors inflation. The Fed has raised borrowing costs twice this year.

Last month, gasoline prices were unchanged after tumbling 2.8 percent in June. Food prices rose 0.2 percent after being unchanged in June. The cost of rental accommodation increased 0.2 percent in July after rising 0.3 percent in the prior month.

Owners’ equivalent rent of primary residence rose 0.3 percent after advancing by the same margin in June.

The cost of mobile phone services fell 0.3 percent last month after decreasing 0.8 percent in June.

Prescription drugs jumped 1.3 percent in July after increasing 1.0 percent in the prior month. Prices for apparel rose 0.3 percent after four straight months of declines. The cost of new motor vehicles fell 0.5 percent, marking the sixth consecutive monthly decline.

Source: cnbc economy
US consumer prices rise less than expected in July

Comments are closed.