Wholesale prices were flat in November, providing a leading indicator that inflation is easing, the Labor Department reported Wednesday. The producer price index, which measures a...
Category: Economy
European Central Bank holds rates and trims its inflation forecast
BRUSSELS, BELGIUM – NOVEMBER 27: Christine Lagarde, President of the European Central Bank speaks during the European Parliament’s Committee on Economic and Monetary Affairs (ECON) meeting...
Retail sales rose 0.3% in November vs. expectations for a decline
Consumers showed unexpected strength in November, giving a solid start to the holiday season as inflation showed signs of continued easing. Retail sales rose 0.3% in...
Fed lowers inflation forecast for 2024, seeing core PCE falling to 2.4%
Federal Reserve Board Chairman Jerome Powell answers a question during a press conference following a closed two-day meeting of the Federal Open Market Committee on interest...