Markets The June US CPI inflation report rendered a huge downward surprise. A larger than expected decline in energy inflation pulled prices 0.4% lower M/M (vs -0.1% consensus) with the Y/Y-reading slowing from 4.2% to 3.5% (vs 3.8%). Underlying price growth was weaker than feared as well though with prices flat on the month and […]
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Q2 GDP and the June partial data highlighted (yet again) aggregate growth’s reliance on external demand. Domestic businesses and households are in need of immediate, pro-active support. Q2 GDP and the June activity data provided Read more…
Millions of near-retirees believe Social Security is on the verge of total collapse, which pushes many of them to start collecting benefits at age 62, according to the AARP . Charles Schwab, one of the Read more…
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