US Producer Prices Surprise With Biggest Decline Since October

PPI fell 0.2% in May on sharp decrease in energy costs Most categories that feed Fed’s favored price gauge were tame US producer prices unexpectedly declined in May by the most in seven months, another welcome development that will strengthen the Federal Reserve’s...

US Inflation Broadly Cools in Encouraging Sign for Fed Officials

CPI came in below forecasts in May, stoking market rally Traders priced in two Fed cuts in 2024, first in November A key measure of underlying US inflation stepped down for a second month in May, a pleasant surprise for Federal Reserve officials looking for signs that...

China’s Weaker-Than-Expected Inflation Fuels Demand Concerns

Consumer price index rose modestly for a fourth month Factory-gate prices in deflation streak since late 2022 China’s consumer prices rose less than expected in May and factory prices dropped for the 20th month in a row, stoking concerns over persistently weak demand....