Carla Villalba

The Federal Reserve's preferred measure of inflation continues to show signs of cooling, accompanied by moderate growth in consumer spending - positive news for central bankers aiming to control rising prices and curb demand. In May, the personal consumption expenditures (PCE) index rose 2.6% from a year earlier, meeting economists’ expectations and down slightly from April’s 2.7% increase. Excluding the more volatile food and fuel prices, core inflation also rose 2.6% year-over-year, down from April’s 2.8%. On a monthly basis, inflation remained remarkably subdued, with overall prices not showing any significant increases. The Federal Reserve is likely to scrutinize this…

Employers added 272,000 jobs last month, the Labor Department reported Friday, well above what economists had expected as hiring had gradually slowed. That was up from an average of 232,000 jobs in the previous 12 months, muddying the picture of an economy easing into a more sustainable pace. Most worrying for the Federal Reserve, which meets next week and then again in July, is that wages rose 4.1% from a year ago, a sign that inflation may not yet be defeated. “For those who thought they would see a rate cut in July, that door has largely been closed,” said…

Boeing is facing new criticism after the revelation of a January crash involving a 737 Max plane. During a factory tour, a Boeing executive revealed details about missing bolts that led to a panel coming off mid-flight . The information sharing has angered the National Transportation Safety Board (NTSB), which called it a “blatant violation” of investigative rules. The NTSB is investigating the crash and says Boeing is not allowed to discuss details or speculate on the cause. As punishment, they will limit Boeing’s access to information about the investigation and bar it from questioning others at an upcoming hearing.…