Producer prices rose 2.6% year-over-year in May, but soft core inflation and rising jobless claims strengthen Fed rate cut bets.

GOODS PRICES RISE A separate report from the Labor Department’s Bureau of Labor Statistics showed the producer price index for final demand rose 0.1% in May after a revised 0.2% decline in April.

Platinum prices have limited room to rise further after a record quarterly rally, analysts and traders said, with Chinese imports expected to soften and South African output to recover against a ...

By Zain Vawda - Dec 04, 2024 USD/JPY continues its decline, with a fresh low around 148.797. Bank of Japan (BoJ) Governor Ueda’s hawkish rhetoric suggests a potential rate hike sooner than later.

Denny’s and Waffle House have removed surcharges that the two restaurant chains added to their menus when U.S. egg prices ...

The Fed's policy rate was set in the current 4.25%-4.50% range in December when the U.S. central bank cut it by a quarter of a percentage point in what officials at the time expected would be a ...

Cal-Maine bought this Maryland farm in 2024. Cal-Maine sells more than 13 billion eggs a year. Egg producers are not “price-makers,” Cal-Maine argued, but are “price-takers.” ...

Eight members of the OPEC+ alliance of oil exporting countries say they will boost production by 548,000 barrels per day in August in a move that could further reduce gas prices. The group ...