Global  

Celebrating 10 Years of Trusted News Discovery
One News Page
> > >

Moderate Inflation, Consumer Spending Supports Fed Cutting Interest Rates

Video Credit: Wochit News - Duration: 00:37s - Published < > Embed
Moderate Inflation, Consumer Spending Supports Fed Cutting Interest Rates

Moderate Inflation, Consumer Spending Supports Fed Cutting Interest Rates

U.S. consumer spending increased moderately and prices rose only slightly in May.

According to Reuters, that points to slowing economic growth and benign inflation pressures, which could give the Federal Reserve ammunition to cut interest rates next month.

The US Commerce Department's report was released Friday, coming just a week after the Fed signaled it could ease monetary policy as early as July.

0
shares
ShareTweetSavePostSend
 

Moderate Inflation, Consumer Spending Supports Fed Cutting Interest Rates

THIS PHOTO WAS TAKEN BY AP IMAGES FOR AMERICAN EXPRESS AN APRIL 4, 2018, FILE PHOTO EL DIARIO OUT; JUAREZ MEXICO OUT; MANDATORY CREDIT IF USE ON LAM OR LAT AND EL DIARIO DE EL PASO OUT- MONDAY, AUG.

28, 2017, FILE PHOTO A SEPT.

24, 2013, FILE PHOTO




You Might Like


Recent related videos from verified sources

Jim Cramer's Weighing in on Bed, Bath & Beyond's Quarter and the Markets [Video]Jim Cramer's Weighing in on Bed, Bath & Beyond's Quarter and the Markets

Happy almost Friday. Jim Cramer's weighing in on Bed, Bath & Beyond's quarter and what he expects from day two of Federal Reserve Chairman Jay Powell's testimony in front of the House Financial..

Credit: The Street     Duration: 12:23Published

3 Things Fed's Powell Told Congress -- What Markets Think of it [Video]3 Things Fed's Powell Told Congress -- What Markets Think of it

Federal Reserve chairman Jerome Powell's comments to the House Financial Services Committee were level-headed and rather implicit as usual, yet all indications were that there will be an interest rate..

Credit: The Street     Duration: 01:28Published

What to Listen For When Fed's Powell Testifies [Video]What to Listen For When Fed's Powell Testifies

The Federal Reserve Chairman Jerome Powell is set to testify in front of the House Financial Services Committee Wednesday, and there are three things in particular investors should look out for. Rate..

Credit: The Street     Duration: 01:19Published

Hiring rebound clouds Fed rate outlook [Video]Hiring rebound clouds Fed rate outlook

U.S. job growth rebounded strongly in June as government hiring surged, but persistent moderate wage gains and mounting evidence that the economy was losing momentum could still encourage the Federal..

Credit: Rumble     Duration: 01:24Published

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.