New Jersey Wins Positive Outlook by Moody’s on Economic Strength

(Bloomberg) -- New Jersey had its outlook raised to positive from stable by Moody’s Ratings on Wednesday, on its strong economic performance compared to nearby states.Most Read from BloombergManchester Is Giving London a Run for Its MoneyBoston’s Broke and Broken Transit System Hurts Downtown RecoveryA Warehouse Store Promises Housing for South LA, in BulkBiden Invests $100 Million to Fuel Housing ConstructionJohannesburg Mayor Quits Amid Infighting, Financial WoesThe ratings firm also affirmed

Inflation Spurt Makes Philippine Rate Decision Too Close to Call

(Bloomberg) -- The Philippine central bank’s interest-rate decision Thursday is expected to be a close call between a cut and a hold after inflation quickened to a nine-month high last month.Most Read from BloombergManchester Is Giving London a Run for Its MoneyBoston’s Broke and Broken Transit System Hurts Downtown RecoveryA Warehouse Store Promises Housing for South LA, in BulkBiden Invests $100 Million to Fuel Housing ConstructionJohannesburg Mayor Quits Amid Infighting, Financial WoesThirtee

Weary Argentines have mixed feelings as world's worst inflation eases

BUENOS AIRES (Reuters) -Argentines, feeling the pinch of the world's highest annual inflation rates, are feeling both hopeful and weary as monthly price increases dip to their lowest in over two years amid tough austerity measures under President Javier Milei. The South American country is trying to emerge from a severe economic crisis which ushered libertarian outsider Milei into power late last year as voters opted for a radical new approach to restore stability. Milei's sharp cost-cutting campaign has helped bolster the state's embattled finances, allowed the central bank to rebuild reserves, and tamped down inflation - though it has taken a heavy toll on economic activity.

Bond Traders See Quarter-Point Cut Next Month as Inflation Ebbs

(Bloomberg) -- Bond investors reinforced their bets that Federal Reserve officials will cut interest rates by a quarter-point in September as US inflation continues to ebb.Most Read from BloombergManchester Is Giving London a Run for Its MoneyBoston’s Broke and Broken Transit System Hurts Downtown RecoveryA Warehouse Store Promises Housing for South LA, in BulkBiden Invests $100 Million to Fuel Housing ConstructionJohannesburg Mayor Quits Amid Infighting, Financial WoesTraders are pricing in 32

Google's new phone is more about showcasing its AI than the device itself

Argentina Inflation Slows to Lowest Level Since 2022 Under Milei

(Bloomberg) -- Argentina’s monthly inflation reached the lowest level since early 2022 after President Javier Milei briefly tapped the brakes on his economic shock therapy by postponing utility hikes.Most Read from BloombergManchester Is Giving London a Run for Its MoneyBoston’s Broke and Broken Transit System Hurts Downtown RecoveryA Warehouse Store Promises Housing for South LA, in BulkBiden Invests $100 Million to Fuel Housing ConstructionJohannesburg Mayor Quits Amid Infighting, Financial Wo

Argentina inflation slows to 4% in July after spiking month earlier

Argentina's monthly inflation rate stood at 4.0% in July, official data published on Wednesday showed, in line with a Reuters forecast and returning to slowdown after speeding up in June. Inflation in the 12 months through July stood at 263.4%, still the highest recorded in the world, a tick above the poll forecast of 263%.

Food inflation sticks around as egg prices shoot back up again

Walmart expected to post another quarter of growth as it draws shoppers in with cheap groceries

US annual consumer price increase slows to below 3% as inflation ebbs

U.S. consumer prices rose moderately in July and the annual increase in inflation slowed to below 3% for the first time in nearly 3-1/2 years, opening the door wider for the Federal Reserve to cut interest rates next month. The report from the Labor Department on Wednesday marked the third straight month of tame consumer price readings and added to a mild rise in producer prices last month in suggesting that inflation was firmly back on a downward trend.