Archive for the ‘Inflation’ tag
Fed’s Evans Said U.S. Economy Faces Three-Front Battle
The downside risks to growth have recently risen and the economy is
expected to be “extremely sluggish” in 2008, according to one Fed
official on Friday.
Chicago Fed President Charles Evans (non-voter) said
the U.S. economy faces a triple-front threat as growth risks are on the
rise, inflation is “unsettingly high” and financial markets remain in
turmoil amidst depressed housing and auto markets.
July Core CPI Up 0.3% as Total Inflation Rises 0.8%
The seasonally adjusted Consumer Price Index rose
more than expected on both fronts, as the core rate ticked up 0.3%
(0.327%) in July, contributing to a 2.5% year-over-year change. Total
inflation rose 0.8% (0.818%) in the month and 5.6% on the year, according
to data released by the U.S. Labor Department on Thursday.
The Week Ahead Canada & U.S.: U.S. CPI, Retail Sales and Consumer Sentiment
The U.S. economy will continue to struggle between slowing growth and
rising inflation. According to economists and strategists, markets will
focus on U.S. advance retail sales, July CPI and the University of
Michigan/Reuters consumer sentiment.
U.S. markets will also receive U.S. trade balance, IBD/TIPP economic
optimism, and industrial production and capacity utilization.
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