Month: June 2024

Related media - Breaking news The Federal Reserve's preferred inflation gauge continues to show signs of cooling, accompanied by moderate growth in consumer spending - good news for central banks as they aim to control rising prices and curb demand. In May, the personal consumption expenditures (PCE) index rose 2.6% from a year earlier, meeting economists’ expectations and down slightly from April’s 2.7% increase. Excluding the more volatile food and fuel prices, core inflation also rose 2.6% year-over-year, down from April’s 2.8%. On a monthly basis, inflation remained remarkably subdued, with overall prices not showing any significant increases. The Federal…

Related media - Latest news Employers created 272,000 jobs last month, the Labor Department reported Friday, well above what economists had expected as hiring had gradually slowed. That's an increase from the average of 232,000 jobs over the previous 12 months, muddying the picture of an economy that is relaxing to a more sustainable pace. What most concerns the Federal Reserve, which meets next week and again in July, is the 4.1% increase in wages over last year, a sign that inflation may not yet have been defeated. “For those who thought they were going to see a rate cut…

More news - Latest news Boeing is facing new criticism after the revelation of a January crash involving a 737 Max plane. During a factory tour, a Boeing executive revealed details about missing bolts that led to a panel coming off mid-flight . The information sharing has angered the National Transportation Safety Board (NTSB), which called it a “blatant violation” of investigative rules. The NTSB is investigating the crash and says Boeing is not allowed to discuss details or speculate on the cause. As punishment, they will limit Boeing’s access to information about the investigation and bar it from questioning…