The numbers: The cost of imported goods fell 0.6% in November and retreated for the fifth month in a row, helping to ease intense inflationary pressures in the U.S. Economists Read more
Tag: prices
U.S. wholesale price inflation picks up in November, but is lower for year
The number: U.S. wholesale prices rose 0.3% in November, the Labor Department said Friday. Economists polled by The Wall Street Journal has forecast a 0.2% gain. This is the third Read more
U.S. wholesale price inflation picks up in November, but is lower for year
The number: U.S. wholesale prices rose 0.3% in November, the Labor Department said Friday. Economists polled by The Wall Street Journal has forecast a 0.2% gain. This is the third Read more
This little-known but spot-on economic indicator says recession and lower stock prices are all but certain
An obscure and arcane economic indicator suggests that Federal Reserve Chairman Jerome Powell was wrong when he said at his Nov. 30 news conference that “There is a path to Read more
Oil prices move higher on hopes China will relax COVID curbs
Oil futures traded higher Tuesday, finding support on signs China might ease up on COVID-19 restrictions following a wave of protests that sent crude prices tumbling in the previous session. Read more
U.S. home prices fall for third straight month in September: Case-Shiller index
The numbers: The S&P CoreLogic Case-Shiller U.S. 20-city price index fell 1.2% in September, its third consecutive monthly decline. The decline matches the forecast of economists were expecting a 1.3% Read more
Black Friday surprise: Jeff Bezos tells people NOT to buy cars, refrigerators and other big-ticket items. Critics call him out.
Billionaire Jeff Bezos, who founded the e-retail behemoth Amazon, has some spending tips as Americans gear up for a holiday shopping season — amid four-decade high inflation and recession worries. Read more
U.S. import prices post fourth straight monthly decline
The numbers: Import prices fell 0.2% in October, the U.S. Labor Department said Wednesday. This is the fourth straight sharp decline. Economists surveyed by the Wall Street were expecting a Read more
U.K. inflation hit fresh four-decade high of 11.1% in October
U.K. inflation accelerated in October, reaching a fresh four-decade high, as higher wholesale energy prices fed through households’ utility bills. The U.K.’s Office for National Statistics said Wednesday that consumer Read more
Wholesale prices rise slowly again and point to softening U.S. inflation
The numbers: U.S. wholesale prices rose just 0.2% in October, a fourth straight soft reading that suggests inflation is on the wane after hitting a 40-year high earlier in the Read more