Inflation cooled slightly in September, with consumer prices up 3.0% year over year and 0.3% on the month, undershooting forecasts, the Bureau of Labor Statistics reported Friday. The release arrived nine days late due to the government shutdown, which has sidelined most economic reports and left the Federal Reserve missing...
Social Security beneficiaries will get a 2.8% cost-of-living increase next year, the Social Security Administration said, after a shutdown-delayed inflation report. The COLA, taking effect in January, applies to about 75 million people and will lift the average monthly payment by roughly $56; the taxable wage cap will rise to...
Wall Street futures rose early Friday after a delayed inflation report showed prices climbed less than feared, bolstering expectations for a Federal Reserve rate cut next week. The 10-year Treasury yield slipped to 3.97% from 4.01%. Consumer prices rose 3% year over year in September, with core inflation also at...
Annual inflation ticked up to 3% in September, from 2.9% in August, even as monthly price growth eased to 0.2% from 0.3%, the Bureau of Labor Statistics reported amid a government shutdown that has halted most federal data. Housing, airline fares, recreation, household furnishings and apparel rose. Consumers face rising...
Goldman Sachs says firms passed 37% of new tariffs to consumers, pushed 9% to suppliers and absorbed 51% — a hit big enough to reverse inflation’s fall, yet less pass-through than at the same point in the prior tariff burst. Companies from Nike and Mattel to Raytheon and 3M report...
U.S. inflation cooled in September: consumer prices rose 0.3% on the month and 3% year over year, both below forecasts, the Bureau of Labor Statistics said during the government shutdown. Core CPI increased 0.2% monthly and 3% annually. Gasoline jumped 4.1%, food rose 0.2%, and shelter costs edged up 0.2%....
With a federal shutdown dragging on, SNAP benefits for nearly 42 million Americans could stop Nov. 1, putting families like Shari Jablonowski’s in crisis. The USDA says payments are on hold “until further notice,” blaming Senate Democrats; advocates counter the agency can tap reserves and may be obliged to keep...
Existing-home sales ticked up 1.5% in September from August to a 4.06 million annual pace, the fastest in seven months, though slightly below forecasts, the National Association of Realtors said. Sales rose 4.1% year over year, with monthly gains led by the West and a dip in the Midwest. Lawrence...
Mortgage rates have slipped to about 6.17%, and nearly three-quarters of agents in CNBC’s Housing Market Survey say buyers expect further declines—keeping many on the sidelines. Affordability remains the top hurdle, with rates the leading worry, despite 44% of agents reporting falling prices and just 20% seeing increases. Agents describe...
Europe stands at a climate crossroads as the road to net zero grows steeper. EU leaders arrive in Brussels on Thursday divided over how quickly and how far to drive the green transition. At the center is the European Commission’s proposal to cut emissions 90% by 2040 from 1990 levels....
