The number of small firms raising prices fell to the lowest level since March 2021 | CNN Business

The share of respondents who reported higher prices dropped by three points last month to 29%, “still a very inflationary level but trending down,” the report showed. The drop was partly due to declining commodity prices, according to Kieran Clancy, senior US economist at Pantheon Macroeconomics, in an analyst note, but it also signals a “material downshift” in core services inflation excluding rents “over the next year or so,” he said.

Employers added 209,000 jobs in June, a strong gain but much weaker than the prior month’s. Wage growth was flat last month and the unemployment rate edged down. Most Fed officials expect two more quarter-point rate increases this year, according to their latest set of economic projections, and a hike later this month seems likely.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Why does Chris Holden want to put small business owners out of business?According to the International Franchise Association, franchised businesses are 31% minority-owned, compared to just 19% minority-owned in non-franchised businesses.
Source: ladailynews - 🏆 332. / 59 Read more »

Houston Black-owned business selected to receive $25,000 grantA Houston-area Black-owned business received a big grant to expand their business.
Source: FOX26Houston - 🏆 448. / 53 Read more »

UK jobs market cools again, pay growth weakest since April 2021: RECPay pressures in Britain's labour market cooled further in June, according to a survey of recruiters published on Monday that could help ease some of the Bank of England's (BoE) concerns about inflation pressure.
Source: Reuters - 🏆 2. / 97 Read more »