The good news on inflation continues, with producer prices falling 0.5{b56f7a0c6479bc075d08fb7619591a4c4023144d1b4aceb7f3fe2776303deb2f} in March, the Bureau of Labor Statistics reported on Thursday. The number was considerably better than the flat reading expected, while the annual rate fell to 2.7{b56f7a0c6479bc075d08fb7619591a4c4023144d1b4aceb7f3fe2776303deb2f} from the revised 4.9{b56f7a0c6479bc075d08fb7619591a4c4023144d1b4aceb7f3fe2776303deb2f} of a month earlier. Economists had predicted a […]
Inflation
U.S. stocks wavered Tuesday, with the Tech sector taking a nosedive as key inflation data and the start of earnings season loomed on the week’s calendar. The S&P 500 (^GSPC) was flat, reversing its gains from earlier in the trading session. The Dow Jones Industrial Average (^DJI) gained about 0.29{b56f7a0c6479bc075d08fb7619591a4c4023144d1b4aceb7f3fe2776303deb2f}, while […]
WASHINGTON (AP) — The outlook for the world economy this year has dimmed in the face of chronically high inflation, rising interest rates and uncertainties resulting from the collapse of two big American banks. That’s the view of the International Monetary Fund, which on Tuesday downgraded its outlook for global […]
A gauge of inflation preferred by the Federal Reserve showed prices rising less than expected in February, aided by a drop in energy costs, the Bureau of Economic Analysis reported on Friday. On a monthly basis, prices rose by 0.3{b56f7a0c6479bc075d08fb7619591a4c4023144d1b4aceb7f3fe2776303deb2f}, compared to forecasts calling for a 0.4{b56f7a0c6479bc075d08fb7619591a4c4023144d1b4aceb7f3fe2776303deb2f} increase, and a […]
Published 2023-03-29 05:00 5:00 March 29, 2023 am We’re answering the “how” and “why” of business & economy news. Subscribe to our daily newsletter. Last year, Heather McCulloch set out across the country asking women a question that has long been absent from discussions in her field: What would the […]
A bevy of economic experiences awaits traders and economists in a holiday break-shortened 7 days as the authorities offers updates on a critical inflation evaluate and fourth quarter gross domestic solution as very well as personal readings on the point out of the housing market. The releases of knowledge, mainly […]