Inflation increased in January as expected, according to a key indicator the Federal Reserve uses when deciding whether to cut interest rates. The Dow Jones consensus estimate indicated that the personal consumption expenditures price index, which does not include food and energy costs, increased by 2.8% from a year ago and by 0.4% for the…
More than expected, US wholesale price inflation increased by 0.5% in September. Unexpectedly, high wholesale price growth in September was a sign of brewing inflationary pressures for the American economy. The Labor Department reported on Wednesday that the producer price index, which measures the costs for finished goods that producers pay, increased by 0.5% for…
An economic indicator that the Federal Reserve uses as a measure of inflation rose less than expected in August, showing that the central bank’s fight against rising prices is making progress. The personal consumption expenditures price index, which excludes food and energy, rose 0.1% in the month, less than the 0.2% rise expected in the…
Jonathan McDowell, an astrophysicist at the Harvard-Smithsonian Center for Astrophysics, catalogs the fates of the Soviet Union’s first 11 space missions before the spacecraft successfully landed on the moon as stuck, failed, missed, failed, failed, stuck, failed, crashed, missed, crashed and crashed. Even today—there have been nine moon landings since 2013—achievements are mixed. It just…
