(Bloomberg) -- The Federal Reserve’s first-line inflation gauge is about to show some modest relief from stubborn price pressures, corroborating central bankers’ prudence about the timing of interest-rate cuts.Most Read from BloombergYellen Says Higher Path for Rates Boosts Need to Lift RevenueWhat the Trump Jury Saw as Evidence Against Him in 12 ImagesTesla Shareholders Should Reject Musk’s Pay, Glass Lewis SaysHungary Wants to ‘Redefine’ Its NATO Membership, Orban SaysBiden to End Tariff Exclu
Two of the nation’s top home improvement retailers reported this month that consumers are spending less on big-ticket projects.
(Bloomberg) -- Stocks rose after data showed American consumers tempered inflation expectations, bolstering sentiment regarding prospects for Federal Reserve rate-cuts this year.Most Read from BloombergYellen Says Higher Path for Rates Boosts Need to Lift RevenueWhat the Trump Jury Saw as Evidence Against Him in 12 ImagesTesla Shareholders Should Reject Musk’s Pay, Glass Lewis SaysHungary Wants to ‘Redefine’ Its NATO Membership, Orban SaysBiden to End Tariff Exclusions on Hundreds of Chinese Pro