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U.S. Import Prices Unexpectedly Inch Up 0.1% In November
(RTTNews) - Import prices in the U.S. unexpectedly edged higher in the month of November, according to a report released by the Labor Department on Friday.
The Labor Department said import prices crept up by 0.1 percent in November, matching the downwardly revised uptick in October.
Economists had expected import prices to dip by 0.2 percent compared to the 0.3 percent increase originally reported for the previous month.
Meanwhile, the report said export prices were unchanged in November after jumping by an upwardly revised 1.0 percent in October.
Export prices were expected to slip by 0.2 percent compared to the 0.8 percent advance originally reported for the previous month.
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U.S. Wholesale Inventories Climb Much More Than Expected In September
Wholesale inventories in the U.S. increased by much more than expected in the month of September, according to a report released by the Commerce Department on Thursday. The Commerce Department said wholesale inventories climbed by 0.5 percent in September after edging down by a revised 0.1 percent in August. Economists had expected wholesale inventories to inch up by 0.1 percent.
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U.S. Trade Deficit Unexpectedly Narrows In September As Exports Surge
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U.S. Jobless Claims Rebound More Than Expected To 236,000
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Reflecting a sharp increase in the value of exports, the Commerce Department released a report on Thursday showing the U.S. trade deficit unexpectedly narrowed in the month of September.
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Fed Cuts Rates For Third Straight Meeting But Signals Differing Views About Outlook
The Federal Reserve on Wednesday announced its widely expected decision to cut interest rates by another quarter point, matching the rate cuts seen in September and October. The Fed said it decided to lower the target range for the federal funds rate by 25 basis points to 3.50 to 3.75 percent.
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U.S. Leading Economic Index Falls 0.3% In September
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U.S. Job Openings Edge Slightly Higher In October
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