Tag: #EconomicNews

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U.S. Inflation Slows to 2.7% in July as Tariff Concerns Loom, Fueling Fed Rate-Cut Expectations

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the staff of the Ridgewood blog

WASHINGTON, D.C. — Consumer prices rose 2.7% year-over-year in July, coming in slightly below economists’ expectations and signaling modest inflation pressures despite ongoing tariff concerns. The Consumer Price Index (CPI), released Tuesday by the Bureau of Labor Statistics (BLS), also showed a 0.2% monthly increase, matching forecasts.

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U.S. Posts $27 Billion June Surplus, Boosted by Tariff Revenue, Says Treasury Department

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the staff of the Ridgewood blog

WASHINGTON, D.C. — The U.S. Department of the Treasury announced Friday that the federal government recorded a $27 billion budget surplus for the month of June 2025, thanks largely to a surge in tariff revenue.

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June Job Growth Surges Past Expectations, Unemployment Drops to 4.1%

the staff of the Ridgewood blog

WASHINGTON, D.C. — The U.S. job market showed unexpected strength in June 2025, with nonfarm payrolls rising by 147,000 and the unemployment rate dropping to 4.1%, according to the Bureau of Labor Statistics (BLS). The report defied analyst predictions, reinforcing the resilience of the American labor force despite ongoing economic headwinds.

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