America In Focus: Inflation Cools in July, but so Do Consumers with Their Spending

America In Focus: Inflation cools in July, but so do consumers with their spending

U.S. inflation slowed last month and a measure of underlying price pressures also cooled, suggesting higher oil and gas prices from the Iran war are only having a limited impact on broader costs in the economy. Consumer prices rose 3.4%…

US Economy: Inflation eases but prices remain high, retail sales fall, jobless claims rise

Inflation eased last month, but prices remain elevated for American consumers. Retail spending decreased sharply, surprising economists and signaling a slowdown. Existing home sales declined due to record prices and high mortgage rates. Wholesale inflation also fell, offering some relief for future consumer prices. Jobless claims rose slightly but the labor market remains stable.

Retail Sales Suffer Biggest Drop In More Than A Year As Iran War Casts Shadow Over Economy

Americans sharply pulled back on retail spending in July even as inflation remained elevated.