Consumer

What Today’s Inflation Numbers Mean for the Stock Market and Your 401(K) and Mortgage

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US President Joe Biden discusses the Biden administration "Cancer: Trip to the Moon" Initiative during an event at Tulane University in New Orleans, Louisiana, U.S., August 13, 2024. REUTERS/Elizabeth Frantz

By Tilly Armstrong, Dailymail.Com’s Assistant Consumer Editor and Alice Wright of Dailymail.Com Published: 08:44 EDT, August 14, 2024 | Updated: 09:59 EDT, August 14, 2024 Consumer prices rose 2.9 percent from a year earlier in July. This is the first time that headline inflation, measured on an annual basis, has fallen below 3 percent since … Read more

China’s economy is moving slowly despite a lack of consumer stimulus

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China's economy is moving slowly despite a lack of consumer stimulus

(Bloomberg) — China’s economy likely failed to emerge from its worst patch in five quarters, with an uneven recovery in July held back by consumer spending that still lags industrial activity and investment. Most read on Bloomberg Data due Thursday will show retail sales remained weak, according to the median forecast compiled by Bloomberg, despite … Read more