U.S. monthly inflation was unchanged in May as a modest increase in the cost of services was offset by the largest drop in goods prices in six months.
Read More US inflation ebbs in May as goods prices fall
Tag: basis points
US monthly inflation slows; consumer spending surges
U.S. prices increased less than expected, with the cost of services outside housing and energy slowing significantly.
Read More US monthly inflation slows; consumer spending surges
Fed says more ‘confidence’ needed on inflation front before rate cuts can start
The Federal Reserve left interest rates unchanged on Wednesday but took a major step towards lowering them in coming months.
Read More Fed says more ‘confidence’ needed on inflation front before rate cuts can start
US weekly jobless claims fall; business spending on equipment softening
Weekly jobless claims fell more than expected, but the U.S. labor market slowdown, driven by higher interest rates and economic concerns, continues to worry big money managers.
Read More US weekly jobless claims fall; business spending on equipment softening