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WASHINGTON, Sept 12 (Reuters) - U.S. producer prices increased slightly more than expected in August amid higher costs for services, but the trend remained consistent with subsiding inflation.
What is the current oil price today? WTI futures traded at $68.04 per barrel, as of 9 a.m. ET. Year to date, WTI prices are down by 7.35%. Brent futures traded at $71.28/bbl, an increase of 1.64% ...
(Bloomberg) -- US producer prices picked up only slightly in August after the previous month’s numbers were revised lower, and categories that feed into the Federal Reserve’s preferred ...
(RTTNews) - A report released by the Labor Department on Thursday showed producer prices in the U.S. rose by slightly more than expected in the month of August. The Labor Department said its ...
Inflation has come down from 9% in June of 2022 to 2.5% currently. Prices, however, remain elevated. The Federal Reserve is expected to cut interest rates next week but reductions will be gradual.
The volatility of international oil markets hit home again earlier this week, as crude prices tumbled to their lowest levels in more than a year. Just a couple of weeks ago, West Texas Interme ...