News

US wholesale inflation remained fairly tame in April
The Producer Price Index, a closely watched measurement of wholesale inflation, showed Thursday that the prices paid to US producers dropped 0.5% in April from the month before, a much softer reading ...
US inflation slows unexpectedly to 2.3% in April
The Consumer Price Index jumped 2.3% in April from the year before, below March’s 2.4% increase, the Bureau of Labor ...
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US April inflation tapers to 2.3%; but rate outlook unclear
Food inflation in April tapered by 20 bps to 2.8%. Downward pressure came from cereals, meat, and dairy products; offset by a ...
Dow Jones Industrial Average pares early-week gains on Tuesday
Despite a general easing in the weighted index, key goods continue to rise, and tariff impacts loom ahead.
US Fed Meeting Highlights: Federal Reserve keeps interest rates ‘unchanged’ at 4.25-4.50% as inflation risk persists
The US Fed decided to keep the key benchmark interest rates unchanged at the range of 4.25% to 4.5% on Wednesday, May 7.