Taipei, Aug. 10 (CNA) Taiwan Semiconductor Manufacturing Co. (TSMC), the world's largest contract chipmaker, reported on Wednesday a new sales record in July, up more than 6 percent from a month earlier, despite worries over growing inventory in the global semiconductor industry.
By Dinah Wisenberg Brin August 11, 2022 at 02:23 PM
The Wharton professor says “I would go 50 [basis points] and then two 25s at this particular point, to complete market expectations." Forward-looking inflation data points look better than official government inflation statistics and signal that the Federal Reserve can moderate its interest rate increases, according to Jeremy Siegel, finance professor at the University of Pennsylvania’s Wharton School.
Siegel, appearing on CNBC after the government released July’s consumer price index on Wednesday, noted that CPI data looks backward at inflation, while other information shows inflation is more moderate than the official statistics suggest.
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