Wholesale Inflation Unexpectedly Fell 0.1% in August
U.S. producer prices fell unexpectedly last month, dropping 0.1% from July.The Labor Department reported Wednesday that its producer price index - which captures inflation in the supply chain before it hits consumers - showed that wholesale inflation decelerated in August...
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30-Year Mortgage Rate Slides to 11-Month Low
The interest rate on the most popular U.S. home loan dropped by the most in six months last week after a weak employment report drove benchmark Treasury bond yields down in anticipation of a Federal Reserve rate cut at its meeting next week.
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Fed Nominee Miran Heads Toward Swift Senate Confirmation
Stephen Miran, a top White House economic advisor, is expected to clear a U.S. Senate hurdle on Wednesday, advancing his nomination as Federal Reserve governor and furthering President Donald Trump's effort to exert more direct control over interest rate policy and the...
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Trump Weighs Restrictions on Chinese Medicines
The Trump administration is considering sweeping restrictions on medicines originating from China, a move that could dramatically reshape the U.S. pharmaceutical industry and patient access to treatments.
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Important inflation reports this week expected to show prices still on the rise
The Bureau of Labor Statistics will release the producer price index on Wednesday, followed by the consumer price index the next day.
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S&P 500 Notches Record High on Fed Rate Cut Bets
The S&P 500 notched a record high close Tuesday, while UnitedHealth rallied and a downward payrolls revision supported expectations the Federal Reserve will soon cut interest rates to shore up economic growth.
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