The Latest Breaking News from Inflation

AGL Energy has upgraded its profit outlook on increased generation and a reduction in forced outages but expects bill stress to rise as inflation remains high.

AGL Energy has upgraded its profit outlook on increased generation and a reduction in forced outages but expects bill stress to rise as inflation remains high.

Bank of America's chief economist Michael Gapen revised his recession forecast again this week, citing strength in the labor market—but he says a "growth recession" is still coming in 2024.

“We’re seeing this expansion of margin under the cover of, ‘Oh, it’s a general inflation problem, we can’t help it,’ Paul Donovan of UBS said Thursday.

Despite facing several challenges, tobacco companies continue to bring newer products to drive their growth. Tobacco use will likely grow, with inflation easing considerably from last year’s peak. Therefore, it could be wise to add fundamentally strong tobacco stocks such as Altria Group (MO), British American Tobacco (BTI), and Vector…

The lumber futures market remains illiquid, but the price has been edging higher over the past weeks. At over $500 per 1,000 board feet, lumber’s price is above the pre-2018 all-time $493.50 high. Meanwhile, the new physical contract continues to experience increasing interest.

Report found that childcare costs are surpassing the rise of inflation

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.46%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.68%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.41%. U.S. stocks this morning shook off early losses and...

The PPI print follows the May consumer price index (CPI) reading, which came in lower than expected.