Advance tax collection during the second quarter of the fiscal year grew over 50 per cent over the

Both the headline and core year-on-year increases fell 0.3 percentage points from March." PCE prices rose as expected in April, keeping the Fed on its path for now to hike the fed funds rate by 50bp at the next two meetings.... Slower core price momentum is a positive sign inflation is moderating," Will Compernolle, senior economist at FHN Financial, said Friday in a note. For the week, the Dow climbed 6.2 percent, snapping a streak of eight straight weekly declines.... The SP 500 and tech-hea

By Research Area Children, Families, and Communities Cyber and Data Sciences Education and Literacy

By Research Area Children, Families, and Communities Cyber and Data Sciences Education and Literacy

Others argue the Fed needs to see stronger economic data to be sure a recovery is established

By Research Area Children, Families, and Communities Cyber and Data Sciences Education and Literacy

By Research Area Children, Families, and Communities Cyber and Data Sciences Education and Literacy

, according to data analytics firm Kayrros, while US inventories are near a three-year low. The surge in

NEW YORK, July 13( Xinhua)--U.S. stocks extended gains on Thursday after another key inflation report came in lighter than Wall Street expected and bolstered the chances that the Federal Reserve's rate hike cycle is nearing its end. The Dow Jones Industrial Average rose 47.71 points, or 0.14 percent, to 34, 395.14.... We believe the Fed has pulled off the perfect soft landing," he said....

As per the gross domestic product( GDP) advance estimates, government consumption expenditure and