Best Wells Fargo credit cards for July 2026
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The latest markets headlines, updated continuously. · Page 721
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Higher energy costs can force consumers to raid their savings and lean more on debt to cover expenses.
CNBC Markets
Mental "scars" reinforce fears of stagflation, when rising prices coincide with declining growth, research finds.
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The PCE price index for April was expected to show an annual inflation rate of 3.8% for all items and 3.3% for core.
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While oil prices have recently fallen on news that a peace deal between the U.S. and Iran could come, prices are still significantly higher than before the war.
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The Minneapolis Fed President warned that persistently high inflation risks becoming embedded in consumer expectations, potentially forcing tougher policy action later.
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Markets are overwhelmingly pricing in a rate hike from the central bank at its next meeting.
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