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People Still Spending on Tech Despite Red Flags in July Report

gizmodo.com Riley Gutiérrez Mcdermid 2025-10-18 10:13:03

U.S. consumers continued to open their wallets in July, a new study from the Bureau of Economic Analysis showed on Friday, underscoring the resilience of household demand even as inflation held above the Federal Reserve’s target. That doesn’t mean that they didn’t wince while doing it. The Federal Reserve’s preferred inflation gauge, the personal-consumption expenditures price index, rose 0.2% on the month and 2.6% from a year earlier. The core measure, which strips out food and energy, advan

Topics: consumers high inflation spending tech

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Crypto Prices Plunge After Shock Inflation Report

gizmodo.com Matt Novak 2025-11-14 17:45:14

The biggest cryptocurrencies in the world dipped sharply Thursday after the latest inflation data showed wholesale prices are rising much faster than expected. The price of Bitcoin is down 3.8% on the day ($117,900), Ethereum is down 4% ($4,535), and Ripple is down 6.1% ($3.07) according to CoinMarketCap. Crypto prices are responding to the Producer Price Index (PPI) for July, which measures the average change in prices from U.S. manufacturers and service providers. It rose by 0.9%, according t

Topics: inflation just prices thursday trump

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Wholesale prices rose 0.9% in July, more than expected

news.ycombinator.com Jeff Cox 2025-11-16 02:33:49

Excluding food and energy prices, core PPI rose 0.9% against the forecast for 0.3%. Excluding food, energy and trade services, the index was up 0.6%, the biggest gain since March 2022. The producer price index , which measures final demand goods and services prices, jumped 0.9% on the month, compared with the Dow Jones estimate for a 0.2% gain. It was the biggest monthly increase since June 2022. Wholesale prices rose far more than expected in July, providing a potential sign that inflation is

Topics: bls index inflation prices services

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How the Federal Reserve Actually Affects Mortgage Rates

cnet.com See Full Bio 2025-12-21 05:48:00

The Fed's interest rate decisions impact mortgages, but the relationship isn't straightforward. Tharon Green/CNET If you tracked the Federal Reserve's monetary policy decisions last year, you might have been puzzled: The Fed's three interest rate cuts didn't bring about lower mortgage rates. In fact, the average rate for a 30-year fixed home loan has hovered around 6.8% for the past several months. The Fed's interest rate decisions don't have a direct or immediate effect on home loan rates. Of

Topics: fed inflation mortgage rate rates

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Radical New Theory Rewrites the Story of the Earliest Universe

gizmodo.com Gayoung Lee 2026-01-03 17:05:38

Following the Big Bang, our universe expanded at an exponential rate. According to this theory, known as cosmic inflation, the explosive growth produced tiny quantum fluctuations that later evolved into galaxies. Cosmic inflation neatly explains how our universe got so large and mostly homogenous, and that’s why it’s remained a strong theory in cosmology for decades. But it’s far from perfect. Cosmic inflation depends on certain theoretical assumptions that can get rather arbitrary—not ideal fo

Topics: inflation physicists said theory universe

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July Mortgage Rate Forecast: Buyers Retreat as Rates Rebound

cnet.com See Full Bio 2026-01-08 15:36:00

Buyers should keep an eye on the possibility of rate cuts in the next few months. Tharon Green/CNET Every time the average 30-year fixed mortgage rate dips, even by a few tenths of a percentage point, prospective homebuyers jump to take advantage. As soon as rates move up again, mortgage activity goes down. The past few weeks offer a textbook example. When rates fell to around 6.7% (the lowest level in months) in early July, applications for home loans promptly ticked up, according to the Mort

Topics: inflation market mortgage rate rates

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Worse Than a Recession? Trump's Tariffs Risk 'Self-Inflicted' Stagflation

cnet.com See Full Bio 2026-01-18 02:00:00

An economic downturn combined with high inflation is a double-whammy for your finances. DNY59/Getty Images/Jeffrey Hazelwood/CNET President Donald Trump's turbulent tariff agenda, combined with mass deportations and increased national debt, has created heightened volatility in financial markets. Though many economists say there's low risk of a job-loss recession, others say we're at a critical crossroads, as consumer sentiment sours and the labor market sputters. Some analysts have even posite

Topics: economic economy inflation recession stagflation

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Fed Rate Cuts Unlikely This Summer. Are Lower Mortgage Rates Still Possible?

cnet.com See Full Bio 2026-03-05 20:47:00

The Fed's interest rate decisions impact mortgages, but the relationship isn't straightforward. Tharon Green/CNET There's a wild amount of uncertainty in today's economy, but one thing is clear: The Federal Reserve isn't planning to lower interest rates this summer. Mortgage rates, which have been stuck near 7% for the past several months, are likely to stay higher for longer. On June 18, Fed officials voted to leave borrowing rates unchanged for a fourth consecutive meeting. Holding interest

Topics: fed inflation mortgage rate rates

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No Fed Cut, No Rate Break: June Mortgage Forecast Stays Flat

cnet.com See Full Bio 2026-03-12 15:00:07

As the Federal Reserve likely holds interest rates steady, mortgage rates are expected to stay in a narrow range. Tharon Green/CNET With each passing day, it seems like average 30-year mortgage rates could remain stuck near 6.8% for the rest of the year. Yet conflicting economic forces could push mortgage rates up or down in the coming months. Housing market experts say the same thing: The direction of mortgage rates depends on the economic impact of policies by the Trump administration and th

Topics: economic inflation mortgage rate rates

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Latest Tech News

People Still Spending on Tech Despite Red Flags in July Report

Crypto Prices Plunge After Shock Inflation Report

Wholesale prices rose 0.9% in July, more than expected

How the Federal Reserve Actually Affects Mortgage Rates

Radical New Theory Rewrites the Story of the Earliest Universe

July Mortgage Rate Forecast: Buyers Retreat as Rates Rebound

Worse Than a Recession? Trump's Tariffs Risk 'Self-Inflicted' Stagflation

Fed Rate Cuts Unlikely This Summer. Are Lower Mortgage Rates Still Possible?

No Fed Cut, No Rate Break: June Mortgage Forecast Stays Flat

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