Tag: US economy
Stock markets rally, S&P 500 reaches fourth consecutive week of gains
Despite a flood of discourse surrounding inflation and a possible recession in the US, the S&P 500 is now more than 8% above its...
US inflation slowed to 8.5% in July, gasoline and energy prices...
Inflation in the United States unexpectedly cooled in July as a rebound in the cost of gasoline and other energy products decreased. The US Bureau...
U.S. inflation reached 9.1% in June, consumer pressures continue to mount
According to the Dow Jones estimate, economists predicted that the U.S inflation rate would not move and stay at a rate of 8.8%. However,...
Soaring commodity costs signal price increases for vehicle parts
Over the past two years, commodity costs have spiked between 200 and 300%, and parts suppliers are feeling the heat. Bosch announced during their...
Fed raises interest rates by half a percentage point, aims to...
On Wednesday, May 4, the Federal Reserve announced another target interest rate hike intending to quell inflation wreaking havoc American economy. The Fed's target...
