Americans haven't been this optimistic about inflation in two years | CNN Business

Consumers’ near-term inflation expectations fell in May to their lowest level in two years, according to new survey data released Monday by the Federal Reserve Bank of New York. “That is consistent with the theme that inflation is coming down — probably more slowly than many were hoping — but nonetheless, that trend remains lower both from an actual data standpoint and also from a consumer expectation standpoint,” Angelo Kourkafas, an investment strategist with Edward Jones, told CNN.

Since peaking at a 40-year high last June, inflation has cooled considerably but still remains above the Federal Reserve’s target of 2%. The Fed’s preferred inflation gauge, the core Personal Consumption Expenditures price index that excludes energy and food, was up 4.7% for the 12 months ended in April. Since March 2022, the Fed has increased its benchmark interest rate 10 consecutive times.

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

What the chaos at Twitter means for the future of social movements | CNN BusinessTwitter has been a powerful tool for social movements. But since Elon Musk acquired the platform last year, some organizers and digital media experts have been bracing for the impact that his controversial policy changes and mass layoffs may have on social activism.
مصدر: CNN - 🏆 4. / 95 اقرأ أكثر »

Manufacturing is sputtering in the world's largest economies | CNN BusinessManufacturers around the world are contending with weakening demand as the economic outlook for the industry darkens.
مصدر: cnni - 🏆 326. / 59 اقرأ أكثر »