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U.S. Producer Prices Unexpectedly Fall 0.5% In April
(RTTNews) - Producer prices in the U.S. unexpectedly decreased in the month of April, according to a report released by the Labor Department on Thursday.
The Labor Department said its producer price index for final demand fell by 0.5 percent in April following a revised unchanged reading in March.
Economists had expected producer prices to rise by 0.2 percent compared to the 0.4 percent decline originally reported for the previous month.
The report also said the annual rate of producer price growth slowed to 2.4 percent in April from a revised 3.4 percent in March.
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New York Manufacturing Index Unexpectedly Indicates Growth In July
New York manufacturing activity has seen a notable turnaround in the month of July, according to a report released by the Federal Reserve Bank of New York on Tuesday. The New York Fed said its general business conditions index surged to a positive 5.5 in July from a negative 16.0 in June, with a positive reading indicating growth. Economists had expected the index to rise to a negative 10.0.
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16h 1min ago
U.S. Consumer Prices Rise 0.3% In June, In Line With Estimates
The Labor Department released a report on Tuesday showing consumer prices in the U.S. increased in line with economist estimates in the month of June. The report said the consumer price index rose by 0.3 percent in June after inching up by 0.1 percent in May.
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16h 5min ago
New York Manufacturing Index Unexpectedly Turns Positive In July
New York manufacturing activity has seen a notable turnaround in the month of July, according to a report released by the Federal Reserve Bank of New York on Tuesday.
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16h 59min ago
U.S. Consumer Prices Rise In Line With Estimates In June
The Labor Department released a report on Tuesday showing consumer prices in the U.S. increased in line with economist estimates in the month of June.
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17h 4min ago
U.S. Jobless Claims Unexpectedly Slip To 227,000
First-time claims for U.S. unemployment benefits unexpectedly edged modestly lower in the week ended July 5th, according to a report released by the Labor Department on Thursday.
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5 days ago
U.S. Weekly Jobless Claims Unexpectedly Edge Lower
First-time claims for U.S. unemployment benefits unexpectedly edged modestly lower in the week ended July 5th, according to a report released by the Labor Department on Thursday.
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5 days ago
Saying Goodbye To The Penny To Cost U.S. Consumers $6 Mln In 'Rounding Tax'
Phasing out the penny is set to involve some cost to U.S. consumers paying in cash as businesses are set to round transactions to the nearest nickel, new research from the Federal Reserve Bank of Richmond revealed on Wednesday.
RTTNews
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6 days ago
U.S. House Purchase Mortgage Applications Highest In Over 2 Years: MBA
Home loan applications in the U.S. rose to their highest level since early 2023 in the week ended July 04, while mortgage rates eased only modestly, survey data from the Mortgage Bankers Association showed on Wednesday. The number of mortgage applications grew 9.4 percent from the previous week when it they rose 2.7 percent, the MBA said.
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6 days ago
