The Latest Breaking News from Inflation

Wage growth outpacing inflation, but concerns linger about deceleration. Federal Reserve monitoring closely.

Figures show unexpected resiliency of job market as Fed keeps interest rates high try to tamp down 3.4% inflation

Asian markets fluctuated Friday and investors trod cautiously ahead of US jobs data that could play a key role in the Federal Reserve's plans for cutting interest rates, with the bank's next policy decision looming next week.

The S&P 500 Index ($SPX ) (SPY ) Thursday closed down -0.02%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.20%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.07%. Stock indexes on Thursday settled little changed. Stock indexes Thursday morning initially moved higher,...

The dollar index (DXY00 ) Thursday fell by -0.16%. Thursday’s US economic news weighed on the dollar after weekly US jobless claims rose more than expected, a dovish factor for Fed policy. Also, the US Apr trade deficit widened by the most in 1-1/2 years, a negative factor for the...

The European Central Bank has decided to lower its benchmark interest rates by 0.25 percent from a record high, effective June 12. However, the ECB also revised its outlook for the coming months and said it no longer believed inflation would hit its target of 2 percent this year, but…

Yardeni already sees a 20% chance of a “melt-up” for the stock market, but if Powell “sings a dovish tune," he promised to raise those odds.

The Labor Department's May jobs report will be key to the market's autumn interest-rate bets.

The dollar index (DXY00 ) today is trading slightly higher on a rise in T-note yields. Gains in the dollar are limited after weekly US jobless claims rose more than expected, a dovish factor for Fed policy. Also, the US Apr trade deficit widened by the most in 1-1/2 years,...