Inflation Cooled
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Cool solution: how ice-cream saved drought-hit farmers in India
As the climate crisis forces people to abandon their land in Rajasthan, a new industry has sprung up in the desert state, with thousands of gaily decorated vans setting off to sell ice-cream across the country. The parched villages of Gangapur in ...The Guardian - World - India -
The Fed Is Looking for a Job Market Cool-Down. It Just Got One.
Wage growth and hiring slowed in April, prodding investors to slightly increase their bets on rate cuts this year.The New York Times - Business - Federal Reserve -
US stocks rally as cooling labour market boosts rate cut hopes
Futures markets lean towards Fed acting in September after just 175,000 jobs were added in AprilFinancial Times - World -
Turkey's inflation accelerates to nearly 70% in April
Turkey's inflation accelerated to 69.8% annually for the month of April, the Turkish Statistical Institute reported Friday.CNBC - Business - Turkey -
Could lower swing-state inflation rates help Biden and hurt Trump?
Inflation in several battleground states in the 2024 election is below the national average — in some cases by more than a full percentage point — as food prices retreat even while housing costs stay hot, according to an analysis of regional Labor ...The Hill - Politics - Joe Biden -
Beating inflation will likely require U.S. unemployment to rise
Americans are on a frustrating search for a soft economic landing.MarketWatch - Business -
Credit cards are the ‘financing of last resort’ for older adults as inflation persists
As inflationary pressures leave older adults with little wiggle room to pay for everyday items and cover emergency costs, credit cards have become the financing method of last resort. As a result, balances have jumped since last year.MarketWatch - Business -
Gold is overvalued now and won’t help you beat inflation in coming years
New research sees gold lagging U.S. inflation by more than 7% a year over the next decade.MarketWatch - Business -
Fed’s Williams says independence is key to winning fight against inflation
New York Federal Reserve President John Williams on Friday said that the U.S. central bank needed independence from the White House in order to get inflation back to its 2% target.MarketWatch - Business - Inflation -
US job market shows signs of cooling, with just 175,000 jobs added in April
The latest snapshot on US employment was a shocker: The economy added 175,000 jobs, far below expectations for 235,000 and a reversal of the trend for robust monthly gains.CNN - Top stories -
Fed still trying to assess if recent hot inflation readings mean economy is ‘overheating,’ Goolsbee says
“Everybody’s just got to take a step back and try to figure out ‘is that a sign that the economy is overheating, or is that a sign of some other thing’?” Goolsbee said.MarketWatch - Business - Federal Reserve