Wholesale costs for goods and services were flat in July, the Bureau of Labor Statistics reported Thursday in the latest positive sign for inflation.The producer price index, a measure of underlying inflation pressures, was unchanged for the month, below the 0.2% Dow Jones consensus estimate and after falling 0.1% in...
Category: Economy
U.S. economy slowed to 1.5% growth rate in Q2; June core inflation at 3.3%
Economic growth was weaker than expected in the second quarter though underlying drivers were mostly solid. At the same time, inflation in June held well above the Federal Reserve's goal and complicated the central bank's policy path, the Commerce Department reported Thursday.Gross domestic product, a broad measure of goods and...
As Warsh’s Fed faces pressure to act on inflation, these indicators show it’s at its lowest in years
People shop for groceries at a store in Brooklyn on July 13, 2026 in New York City. Spencer Platt | Getty ImagesPricing data from June indicated that outside of some select items where costs continue to grow, inflation is trending back towards the Federal Reserve's inflation goal.So-called trimmed mean measures,...
China’s factory activity unexpectedly contracts in July on demand slump, typhoons
LIUZHOU, CHINA - JULY 25: Robotic arms assemble auto parts at the workshop of Guangxi Liuzhou Zhuotong Auto Parts Co., Ltd. on July 25, 2026 in Liuzhou, Guangxi Zhuang Autonomous Region of China.He Huawen | Visual China Group | Getty ImagesChina's factory activity unexpectedly contracted in July for the first...
Trump plans generic drug tariffs from 2028 with two-year delay testing U.S. onshoring push
U.S. President Donald Trump signs an executive order on researching the effects of psychedelic drugs in medical treatment for veterans, on Saturday, April 18, 2026 in the Oval Office at the White House in Washington, D.C. The Washington Post | The Washington Post | Getty ImagesPresident Donald Trump said generic...