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US wholesale prices dropped in May, adding to evidence that inflation pressures are cooling
Midland Reporter-Telegram· 11 hours agoThe Labor Department reported Thursday that its producer price index — which tracks inflation before it reaches consumers — declined 0.2% from April to ...
US weekly jobless claims at 10-month high as labor market eases; inflation cooling
Reuters via Yahoo Finance· 11 hours agoThe number of Americans filing new claims for unemployment benefits increased to a 10-month high...
Dollar gains on hawkish Fed, even as inflation cools
Reuters via Yahoo Finance· 23 hours agoData on Thursday showed that U.S. producer prices unexpectedly fell in May, with the headline producer price index (PPI) dropping 0.2% last month after...
Fed holds on rate change for now. Here’s what it means for you
Deseret News via Yahoo Finance· 3 hours agoFed Chairman Jerome Powell says U.S. economy is heading in the right direction but the monetary body...
Does May’s Softer Inflation Report Send the All-Clear? Not So Fast.
Barrons.com· 1 day agoOverall, inflation was unchanged in May from April’s level, and core CPI rose just 0.2%. Wednesday’s...
Wholesale Inflation Unexpectedly Declines in May on Lower Gasoline Prices
US News & World Report· 11 hours agoThe drop was driven by a sharp decline in energy costs. “Nearly 60 percent of the May decrease in the index for final demand goods can be traced to a 7.1-percent decline in ...
Tech Powers Stocks as Adobe Surges in Late Trading: Markets Wrap
Bloomberg via Yahoo Finance· 3 hours ago(Bloomberg) -- Stocks closed at a fresh all-time high as tech rallied, with Treasury yields sinking...
Fed’s Favored Inflation Gauge Set to Rise by Least in Six Months
Bloomberg· 9 hours agoThe Federal Reserve’s favored inflation gauge is set for the smallest advance since November...
Inflation slowed in May, hinting at welcome relief for consumers
CNN Business via AOL· 1 day agoInflation cooled more than expected in May, new data showed Wednesday, delivering a welcome piece of...
Fed, Powell Lay Out Inflation Expectations
Zacks via Yahoo Finance· 1 day agoThe Fed’s favored inflation metric is the PCE report, which comes out at the end of this month. PCE stands for Personal Consumption Expenditures ...
