Tag: Slowing

US inflation is slowing again, though it isn’t yet time to cut rates

WASHINGTON (AP) — Inflation in the United States is slowing again after higher readings earlier this year, Federal Reserve Chair Jerome Powell said Tuesday, while adding that more such evidence would be needed before the Fed would cut interest rates. After some persistently high inflation reports at the start of 2024, Powell said, the data […]

The rotation of Earth’s inner core is slowing down

The rotation of Earth’s inner core began to slow down more than a decade ago, altering the length of our days by fractions of a second. Researchers from the University of Southern California (USC) created renderings of the inner core’s movement using seismic data recorded from various earthquakes and nuclear tests, both of which send […]

Someone Forgot to Tell Ford EV Sales Were Slowing

The pessimism around electric vehicle (EV) sales growth is palpable right now. It seems every day there’s a new announcement from a major automaker about delaying a new EV launch, pulling back on billions in investment plans, or altering plans for new battery factories. In other words, 2024 is looking like it’s going to be […]

BofA CEO Brian Moynihan says both consumers and businesses are ‘slowing things down’—in fact, they’re acting like it’s 2016, a period of ‘very low growth’

Consumers might be squeezed by inflation, but it seems their wallets aren’t tight enough to stop them spending on enjoying a good time. At least, that’s what Brian Moynihan is seeing from the data at Bank of America. But while shoppers are still splurging on experience spending, they’re consciously pulling back on more day-to-day purchases […]

Slowing Inflation Primes G-7 Central Banks for June

(Bloomberg) — Inflation-related releases across the Group of Seven will prime central bankers for crucial June interest-rate decisions, just as they meet in Italy to discuss the state of the world economy. Most Read from Bloomberg Days after US data revealed cooler-than-expected consumer-price growth, the UK, Canada and Japan will all publish numbers for April […]