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CPI Report Brings Mixed Signals: Inflation Eases but Fed Remains Cautious

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the staff of the Ridgewood blog

Ridgewood NJ, in a surprising turn, the Consumer Price Index (CPI) for May remained flat, defying expectations of a 0.1% increase and stalling from April’s 0.3% rise, according to the Department of Labor. Core CPI, which excludes volatile food and energy prices, also showed signs of easing, rising by just 0.2% compared to the anticipated 0.3%.

Continue reading CPI Report Brings Mixed Signals: Inflation Eases but Fed Remains Cautious

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7% Decrease in Consumer Sentiment in August 2023

CASHIERS WORK AT THE CHECKOUT LANES OF A WALMART STORE IN THE PORTER RANCH SECTION OF LOS ANGELES

the staff of the Ridgewood blog

Ridgewood NJ, Consumers feel over 7% less confident about their financial outlook this month than they did one year ago, according to the latest WalletHub Economic Index,

Continue reading 7% Decrease in Consumer Sentiment in August 2023