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The Latest Breaking News from BEA

Fed inflation report renews pressures, tests interest rate bets

Inflation pressures are slowly creeping back higher.

The Street

The Misuse of Data Behind the 'Greedflation' Narrative

There's no evidence that greed is causing inflation.

Reason

PCE Inflation report resets bets on another big Fed rate cut

Inflation data is adjusting chances rates shift when the Federal Reserve meets next.

The Street

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Inflation report cements interest rate cut bets

Inflation pressures allow the Fed to focus on its full-employment mandate.

The Street

FactCheck updates how the US has performed under Biden - Roll Call

From FactCheck.org: how the U.S. has fared under Joe Biden under a broad array of measurements, including economics and immigration.

Roll Call

PCE inflation report cements timing of next Fed interest rate cut

Markets hope the Federal Reserve will start cutting rates to avoid a recession.

The Street

Fed interest rate cut bets adjust after PCE inflation report

The Fed's preferred PCE inflation report offers insight into what happens next to interest rates.

The Street

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Princess Eugenie and Princess Beatrice Subtly Match in Pink at the Royal Ascot Day 2

Even their fascinators are coordinating.

Marie Claire

You thought nothing could beat the perfect summer dress? Think again

Cool, versatile and just that little bit smarter than a dress, the two-piece is this summer’s fashion hero

The Guardian - UK

Fed inflation gauge eases in April, adding to faint autumn rate cut hopes

Inflation pressures are easing but the pace of progress is slow amid a resilient economy and a robust job market.

The Street

Fed inflation gauge holds steady in March, boosting stocks on rate cut bets

Modest progress on inflation is giving stocks a lift in Friday trading.

The Street

Fed inflation gauge cools modestly in February, but spending rate leaps

Inflation remains stubbornly north of the Fed's 2% target, but it's not slowing spending.

The Street

What the Personal Consumption Expenditures Index says about the US

Closely monitored by the Federal Reserve, personal consumption expenditures are an economic indicator that provide greater insight into how Americans earn, save, and spend.

USAFacts

Fed inflation gauge in focus as spending slows, rate hike bets fade

The Fed's preferred inflation gauge fell below 4% for the first time in two years last month.

The Street

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The Street

Consumers' July spending spree pushes up Fed's preferred inflation gauge

A big jump in consumer spending, which firmly outpaced income gains, may have powered a modest uptick in the Fed's preferred inflation gauge last month.

The Street

Fed Inflation Gauge Falls To 3%, But 'Last Mile' Of Fight Toughens

Inflation's 'last mile' could prove difficult as price pressures slow, but only modestly, into the summer months.

Evening Standard

Beabadoobee at Somerset House review: sugary spins on Nineties grunge

It all augurs extremely well for album number three, which is reportedly “in the works”

The Street

What Is the Bureau of Economic Analysis? What Does It Do?

What Is the Bureau of Economic Analysis? The Bureau of Economic Analysis, or BEA, is an independent federal agency responsible for gathering and analyzing economic data and reporting national, international, regional, and industrial financial statistics—most notably gross domestic product (GDP). ...

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news in one place.

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Zenger

US May Core Inflation Moderates To 4.6%, Easing Rate Hike Expectations

PCE price index falls slightly below forecast, dampening investor outlook

WEKU

A chapter ends for this historic Asian American bookstore, but its story continues

For decades, Eastwind Books was an anchor for the Bay Area's Asian American community. Now, the husband and wife duo behind it have decided to close the shop.

Pedestrian.tv

Featured jobs: Encore, Crowbar beA

Encore is a leading event production company across 23 countries worldwide and they’re looking for an awesome Sydney based Digital Brand Manager to look after their APAC region. As their Digital Brand Manager your chief role is to translate their brand into beautiful and engaging digital communications. This extends right…

Tribune News Service

Final report on Boeing 737 Max crash sparks dispute over pilot error

French aviation safety authorities this week joined U.S. investigators in a harsh critique of the final report by Ethiopian authorities into the March 2019 crash of a Boeing 737 Max.

Tribune News Service

Justin Fox: The pandemic drinking binge just keeps going

The arrival of COVID-19 and the societal disruptions that accompanied it understandably drove a lot of Americans to drink. But even as life has returned to more or less normal this year, the drinking binge has continued — which isn’t great news for anybody other than the makers and sellers…

Edinburgh Live

Horrifying aftermath of deadly Edinburgh air disaster that claimed 36 lives

What was supposed to be a routine domestic flight between Edinburgh and London tragically became one of the worst aviation disasters to occur on British soil. We take a look back at the sad fate of BEA Vickers Vanguard flight G-APEE.

Fortune

Americans' personal income soared in 2021

In 2021, Americans' income increased 7.4% in metropolitan areas across the country and 7.7% in the non-metropolitan locations.

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