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Something broke, but the Fed is still expected to go through with rate hikes
Markets still expect the Fed to keep up its inflation-fighting efforts, despite high-profile bank failures that have rattled the financial system.
The PCE price index was expected to increase 0.1% in June and 2.5% from a year ago.
Gross domestic product in the second quarter was expected to show a 2.1% annualized increase.
The situation has many on Wall Street scratching their heads about why the inverted curve has been so wrong this...
For Turks who own assets like homes, wealth has grown as inflation pushes the costs of those assets up.
The Office for National Statistics released inflation figures for June on Wednesday.
Former President Donald Trump told Bloomberg Businessweek that he would let Fed chief Jerome Powell complete his term if he...