Fed chairman Jerome Powell on Wednesday told lawmakers that the USA central bank would "act as appropriate" to protect the economy from rising risks such as trade tensions and slowing global growth.
The Labor Department reported Thursday that so-called core CPI - the consumer price index excluding the volatile food and energy components - jumped 0.3% last month, the largest increase since January 2018, after four straight monthly gains of 0.1%. "This argues against aggressive monetary stimulus from the central bank", said Chris Rupkey, chief economist at MUFG in NY. The central bank last month downgraded its inflation projection for 2019 to 1.5% from the 1.8% projected in March.
The hotter-than-expected inflation numbers come as the Federal Reserve is poised to cut interest rates for the first time in a decade, due to fears of a global economic slowdown and uncertainties fueled by trade conflicts. Along with the indexes for shelter, used cars and trucks, and apparel, the indexes for household furnishings and operations, medical care, and motor vehicle insurance were among the indexes that increased in June.
"We will be paying attention to subcategories, such as portfolio management and investment advice, health-care services, and air transportation, that are directly used by the BEA in their calculation of the PCE deflator", Ryans said.
R&B singer R. Kelly arrested on federal sex crime charges
In court papers, Kelly's team argued that Foxx's handling of the Smollett case show that she could be "influenced and wowed". In addition, a 13 count indictment was given by a federal grand jury in Chicago for receiving and creating child porn.
Saguaro cactus impales auto in Arizona crash
Jelineo said deputies detained the driver for further investigation after observing signs and symptoms of impairment. She told KSAZ : 'I saw the picture. "That one right there, it could be one ton or 1,000 pounds".
The overall consumer price index rose 0.1% in June, held back by cheaper gasoline and food.
Investing.com was looking for no MoM change in seasonally adjusted Headline CPI and 0.2% in Core CPI. It increased 1.6 per cent year-on-year in June after rising 1.8 per cent in May.
The Fed's preferred inflation measure - the core personal consumption expenditures price index - has undershot its 2% target this year. He also said that "there is a risk that weak inflation will be even more persistent than we now anticipate".
In the wake of the Great Recession, two percent has been the Fed's target for core inflation. The Federal Office of Statistics (Destatis) confirmed that consumer prices rose by 0.3% on the month and 1.6% on the year in June. Economists expect the tightening labour market, which is lifting wages, and the imposition in May of more tariffs on Chinese goods to gradually push inflation towards its 2% target. The food index was unchanged as the index for food away from home rose but the index for food at home declined. SHFE copper advanced 0.13%, tin increased 0.27%, lead went up 0.09%, nickel expanded 0.69%, while zinc dipped 0.44%, and aluminum fell 0.72%. Prices of previously owned cars surged 1.6% and apparel prices were up 1.6%.
But first Williams must overcome the Czech Republic's Barbora Strycova to set up a showdown with Halep in Saturday's final. The easy manner in which former world number one Halep wrapped up the match had not looked on the cards at the outset.
Martin Laird was another stroke back at 65 with Ryan Palmer , Andrew Landry , Vaughn Taylor , Zack Sucher and Ryan Blaum . Twenty-year-old rookie Matthew Wolff, who picked up his first career win at the 3M Open last week, opened with a 67.
But that isn't figuring into the Swiss maestro's psyche ahead of his semifinal clash with the Spaniard at Wimbledon 2019. Federer and Nadal have both looked on top of their grass-court games in serene paths through to the semi-finals.
Manchester City reportedly reached out to former PSG right-back Dani Alves prior to Brazil's Copa America-winning campaign. The first of this very big trophy haul came back in 2006 during his spell at Sevilla as they won the UEFA Cup.
The 15-time major champion is credited with singlehandedly pushing the limits of what is expected of the modern golfer. This isn't the first time Woods' sleep habits have become a topic of discussion this year.
In an interview with a wire agency, Kumar said that trouble began in 2014, when he was "unable to hear" in his right ear. Box office prediction: Hrithik Roshan's Super 30 has been in discussion on social media because of its inspiring plot.
Sport report that Ligue 1 side Bordeaux have offered Koscielny a three-year deal, while Rennes and Lyon are also interested. " We are very disappointed by Laurent's actions , which are against our clear instructions", Arsenal said in a statement.
James Dyson s'offre l'appartement le plus cher de Singapour
Il occupe les trois derniers étages de la plus grande tour de la ville (290 mètres) qui en compte 64 dans le quartier d'affaires. L'inventeur britannique a déboursé la somme de 48 millions d'euros pour s'offrir le penthouse le plus cher de Singapour.
India's heavy rocket 'Bahubali' gearing up for Moon
Chandrayaan, which means "moon vehicle" in Sanskrit, exemplifies the resurgence of global interest in space. This includes a terrain mapping camera to map the lunar surface and collect data on the moon's evolution.