U.S. inflation grinds lower in September
But prices continue to rise faster than is consistent with the Fed's 2% target
- By: Christopher Rugaber, The Associated Press, The Associated Press
- October 12, 2023 October 12, 2023
- 10:09
But prices continue to rise faster than is consistent with the Fed's 2% target
Revises April forecast, when it predicted 0.4% growth
Modest declines in residential construction plans, total monthly value of non-residential permits rose 14.8% to $5.0 billion
Biggest year-over-year gain since April
Sales and trading revenue likely flat in Q3, while new issue and deal activity rose, Moody's says
Mideast war poses new uncertainty
European watchdog ESMA examines greenwashing risks in a sustainable debt review
Almost all the gains were in the historically volatile education sector, economist explains
This sustained strength makes it likelier that the Federal Reserve will raise its key rate again before year's end
BMO tops equity league tables, RBC leads debt rankings
IFIC's annual investor poll found fewer investors are relying on advisors for fund purchases
Exports of gold and crude oil helped drive results
TD Economics expects declines in sales and prices into 2024 across most regions
Rising yields lead to "Goldilocks environment" for pension plans
Weak deal activity, syndicated lending drive drop in bankers' fees
American employers posted 9.6 million job openings in August, up from 8.9 million in July
Deputy governor says the bank is rethinking its assumptions about what drives inflation
Banks and other lenders have been stretching out amortizations to reduce monthly payments
That compares to a surplus of $6.3 billion during the same period last year
Annual rate pegged at 4.3% this month, a drop from 5.2% in August
Latest report raises speculation that the Fed will leave interest rates unchanged at its next meeting