Janet Yellen raises interest rates in final act as Federal Reserve chair
Open For Business — Bitcoin
United Must Beat City; I Didn't Intend To Hurt Bellerin — Pogba
Chelsea 2 Newcastle 1 - HALF-TIME
Net Neutrality American Café November 28 2017
U.S. consumer prices register slight gain in July
12 Agosto 2017, 02:51 | Dolorita Barahona
U.S. consumer prices register slight gain in July
Shoppers leave with check out with their purchases from the Best Buy store in Westbury, New York November 27, 2015.
Retail food-at-home prices rose 0.3 percent in July, according to the Consumer Price Index (CPI), the first 12-month increase since November 2015 and a signal of easing deflation. Economists polled by Reuters had expected the CPI to rise 0.2 percent in July.
The increase more than offset a 0.1 percent decline in energy prices. That lifted the year-on-year increase in the CPI to 1.7% from 1.6% in June.
But economists can't stress enough that the central bank will have four more reports to review before it needs to decide late year whether or not to raise short-term interest rates again, as had been previously projected.
That's a major divergence from the dot plot, which prices in one more cut this year followed by three more in 2018. That shows that inflation pressures remain well under control.
Does this matter? Fed chair Janet Yellen is already on record noting that the outlook for inflation is now critical to the outlook for interest rates.
The modest gain in consumer prices, coming on the heels of a drop in producer prices in July, could worry Fed officials who have largely viewed the retreat in inflation as temporary. "So we're not going to get to a year-over-year number of 2-percent until some of these very low readings drop out of the statistics 6 to 10 months from now".
Core inflation, which excludes volatile food and energy costs, also fell last month by 0.1 percent.
Chris Low of FTN Financial said the report showed a "stunning array" of falling prices.
Economists also cite retailers' lack of pricing power and still-tepid wage gains as factors keeping price pressures subdued, with the July results another sign inflation may take longer to reach the central bank's goal even as it prepares to wind down asset holdings. He said a weakening USA dollar convinced some economists that inflation would finally kick in by July. The reason for this is that so many commodities around the world are priced in Dollars and the volumes are so great it's unlikely the value will collapse. "Goods prices, both headline and core and specifically in the USA, are going to rebound in the next three or four months", he said in a video for clients last week.
Dudleyalso cautioned that "it's going to take some time" for inflation to rise to the central bank's 2 percent target even as he offered a generally positive outlook for the US economy, job market and price pressures.
Powerball, Mega Millions each top $300 million
Or they may choose a ticket for $356 million in the Powerball lottery. "That's a big record to break through", Gentry said. The Mega Millions drawing Friday stands at almost $400 million and the Powerball jackpot is an estimated $356 million.
Gold Closes at One-Week High as North Korea Talk Grows Heated
Kim Ye-eun, an analyst at Cape Investment & Securities, said North Korea risks are to blame for the decline in the main index. The S&P hasn't moved more than 0.5 percent in one day since July and has fallen more than 1 percent only twice this year.
Liverpool rule out Coutinho sale
Barca have plenty of money to spend, having sold Coutinho's compatriot Neymar to Paris St Germain for a world-record fee last week.
Tesla burns through record cash to bring the Model 3 to market
The company also must master increased customer service demands, including customer support and charging and fix network, he said. Although sales are rising, the per-car profit is not almost substantial enough to cover the company's high investment costs .
Kratos Defense & Security Solutions Inc
Finally, Legal & General Group Plc increased its position in Kratos Defense & Security Solutions by 23.5% in the second quarter. It has underperformed by 36.73% the S&P500.The move comes after 5 months positive chart setup for the $774.04 million company.
Earnings on the Doorstep For JC Penney Company, Inc
NTDOY's SI was 1.08M shares in August as released by FINRA. 952,464 are owned by Gagnon Advisors Limited Liability Corp. A number of hedge funds and other institutional investors have recently bought and sold shares of the stock.
Conte: Matic a great loss to Chelsea
Now Lampard has given his views on the move completed by his former Chelsea team-mate, as he spoke exclusively to Yahoo Sport. They've gone down a certain route with strength in their team and they are potential winners.
Man Utd: Expect a title challenge from Mourinho's men
Chelsea begin their title defence at home against Burnley on Saturday and Conte expects tougher campaign than the one before. Romelu Lukaku is a very good signing and Nemanja Matic is a brilliant pick-up from Chelsea .