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World shares are mixed ahead of a key meeting between U.S. President Donald Trump and Russian leader Vladimir Putin at the week's end.
Here's what new data from the producer price index says about where inflation is headed, according to economists.
The Labor Department reported that its producer price index was up 0.9% last month from June and 3.3% from a year earlier.
The July Producer Price Index rose 0.9% M/M, miles ahead of the 0.2% increase expected and June's unrevised flat reading.
Gold prices fell on Thursday as hotter-than-expected U.S. inflation data and a drop in jobless claims lifted the dollar and Treasury yields, trimming the odds of a supersized September rate cut. Spot ...
Inflation, as measured by the producer price index, shot up to 3.3% for the year ending in July, the Bureau of Labor Statistics reported Thursday — the largest 12 month increase since February. On a ...
The Federal Reserve is poised to lower interest rates in September. But signs of stickier inflation could limit how much ...
Wholesale prices increased in July at the quickest pace since February, as economists are keeping a sharp eye on inflation ...
This is the fourth week in a row that rates have come down. The latest average rate on a 30-year mortgage is now at its ...
The Fed is hesitant to change interest rates largely due to one factor uncertainty over President Donald Trump's tariffs. The ...
July's PPI inflation report heightened worries over tariff-fueled consumer inflation and raised questions about the Fed's ...
Stocks were slightly lower Thursday after a closely watched inflation report revived concerns about the impact that tariffs ...
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