The latest report revealed by the Labor Department showed that U.S. inflation rose in November from the pace it set a month earlier, going up for the second month in a row.
Read More U.S. Inflation Increases 2.7% In November, Going Up For Second Consecutive Month In A Row
The Dow Jones Industrial Average hit a new record high, topping 45,000 for the first time and making a run for its 47th record close, before falling on Wednesday afternoon.
Read More Dow Hits 45K Before Falling as Wall Street Struggles Amid ‘Tech Stock Slump’
The Labor Department’s August Producer Price Index shows a 0.2% increase in wholesale prices, meeting expectations, but core wholesale prices rose 0.3%, reversing a previous decrease.
Read More Core Wholesale Prices Rise in August; Fed Rate Cut Still Expected
U.S. central bankers will likely start long-awaited interest rate cuts next week with a quarter-of-a-percentage-point reduction.
Read More Fed expected to deliver quarter-percentage-point rate cut next week
Wall Street somewhat rebounded from a disaster on Tuesday, as main stock indexes grew over 1%. Investors searched for bargains after a global stock selloff and panic of a possible recession occurred on Monday.
Read More Wall Street Makes A Comeback: Dow Jumps Over 500 Points After Monday’s Horrific Stocks Day
The economy grew via the addition of 206,000 jobs in June, but unemployment was still above 4% in the same month, according to the Labor Department on Friday.
Read More Report: U.S. Job Market Weakens In June