1. CPI INFLATION According to the Bureau of Labor Statistics, consumer prices rose 0.1% in July and rose 3.4% year-overyear, with both figures landing in line with consensus forecasts. Core CPI rose 0.2% in July after being unchanged in June, bringing the annual rate down to 2.5% from 2.6%. Shelter rose 0.1% for the month, …
1. GDP: Q2 ADVANCED ESTIMATE According to the advanced estimate released by the Bureau of Economic Analysis (BEA), real GDP grew at an annualized rate of 1.5% in the second quarter of 2026, down from 2.1% in the first quarter and below the consensus estimate of 2.1%. It is the second consecutive quarter of decelerating …
1. CPI INFLATION Consumer prices fell 0.4% on a seasonally adjusted basis in June, its largest single-month decline since April 2020, according to the latest CPI release by the Bureau of Labor Statistics. Prices rose 3.5% over the past 12 months. A retraction of energy prices drove the decline. The energy index fell 5.7% in …