Investors breathed a sigh of relief as the long-anticipated US inflation report aligned with expectations, easing concerns about rising prices and fostering optimism for a potential rate cut by the Federal Reserve in June.
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The still-robust U.S. economy and tight labor market could mean further interest rate hikes, Federal Reserve Chair Jerome Powell said.
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You鈥檝e invested time and money into your business. While you can鈥檛 prevent severe weather and inflation, you can act now to manage your safety, insurance needs, and communication plans to better help protect your business.
Read moreThe U.S. labor market is losing momentum as hiring and wage growth cooled in December, showing the effects of slower economic growth and the Federal Reserve鈥檚 interest-rate increases.
Read moreU.S. inflation eased in December for the sixth straight month following a mid-2022 peak as the Federal Reserve aggressively raised interest rates and the economy showed signs of cooling.
Read moreAs of May 17, the national average cost of a gallon of diesel fuel is $5.57 鈥 which is a
Read moreThe public views inflation as the top problem facing the United States 鈥 and no other concern comes close
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While supply-chain bottlenecks should eventually ease, other trends could persist: policies such as tariffs and 鈥淏uy American鈥 procurement rules, businesses moving production back to the U.S., and depressed immigration inflows.
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