Updated on: June 13, 2023 / 7:50 PM EDT / MoneyWatch Inflation in May cooled to its slowest pace in two years, indicating price increases are easing amid the Federal Reserve's rate-hiking regime. The Consumer Price Index grew at an annual rate of 4%, the Labor Department said on Tu...
The Consumer Price Index for “all urban wage earners & clerical workers” (CPI-W) backed off to 8.7%, from July’s 9.1%. The average year-over-year rates in July (9.1%), August (8.7%), and September (x%) will determine the COLAs for Soci...
The stock market closed relatively flat Wednesday following the release of the new inflation data in the Consumer Price index. BancAlliance president Lori Bettinger joined CBS News to discuss what the information means for investors.Apr 13, 2023 ...
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Inflation dipped in June to its slowest pace in more than 2 years, indicating price increases are cooling amid the Federal Reserve'srate-hiking regime. The Consumer Price Index grew at an annual rate of 3%, the Labor Departmentsaidon Wednesday. Economists had expected a 3.1% increase, according...