Latest News

Economic Report: U.S. inflation climbs to new 41-year high of 9.1%, CPI shows, as gas prices surge

0

The consumer price index is expected to rise a sharp 1.1% in June, according to economists polled by The Wall Street Journal. Such an increase would push the rate of inflation over the past year to a nearly 41-year high of 8.8%.

The core rate of inflation that omits food and energy is forecast to climb a slower 0.5%. The 12-month increase could also wind down to 5.7% from 6% in May. The CPI report will be released at 8:30 a.m. Eastern by the Bureau of Labor Statistics.

In premarket trading, the Dow Jones Industrial Average
DJIA,
-0.62%

and S&P 500
SPX,
-0.92%

were set to open higher in Wednesday trades. The 10-year bond
TMUBMUSD10Y,
2.966%

yield fell a tick to 2.97% .

Coronavirus Update: Pandemic is still a public health emergency, warns WHO, urging greater surveillance including testing and sequencing

Previous article

India likely to fall short of 2030 renewable target at current pace, opines GlobalData

Next article

You may also like

Comments

Leave a reply

Your email address will not be published.

More in Latest News