The numbers: Inflation in the U.S. rose sharply again in June and the increase over the past year remained at a 13-year high, raising the cost of living for consumers and casting a shadow over a strong economic recovery. The so-called PCE price index rose a sharp 0.5% in June, government figures show. It was
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Retail sales increase 0.6% in June; May revised lower Core retail sales rise 1.1%; May revised down Consumer sentiment ebbs in early July WASHINGTON, July 16 (Reuters) – U.S. retail sales unexpectedly increased in June as demand for goods remained strong even as spending is shifting back to services, supporting expectations that economic growth accelerated
Executive optimism about the U.S. economy is soaring, according to new data from Deloitte, fueled by vaccine rollouts that are bolstering the recovery and helping to ease workplace restrictions. However, concerns about hiring and surging prices are bubbling beneath the surface, the survey revealed. Deloitte’s second quarter CFO Signals survey, which took over 100 of