U.S. import prices rose less than expected in April as increases in the cost of ...
WASHINGTON - U.S. import prices rose less than expected in April as increases in the cost of petroleum and food were tempered by the largest decrease in the price of capital goods in 10 years, suggesting inflation could remain tame for a while.
Economists said while inflation was not too low for the U.S. central bank to cut rates this year, the Trump administration’s escalating trade war with China, if it starts to impact economic and job growth, could force the Fed’s hand. Import prices increased 0.2% last month after an unrevised 0.6% increase in March. Economists polled by Reuters had forecast import prices would climb 0.7% in April.The dollar was trading slightly higher against a basket of currencies, while U.S. Treasury prices were trading mostly lower. Stocks on Wall Street rebounded after recent steep declines.Inflation could get a boost from last week’s move by President Donald Trump to raise tariffs on $200 billion worth of Chinese goods to 25% from 10%.
In April, prices for imported fuels and lubricants rose 2.5% after surging 6.9% percent in the prior month. Prices for imported petroleum jumped 6.1% percent after rising 5.3% in March. Imported food prices rebounded 2.8% last month, the largest increase since July 2016, after falling 0.2% in March. Though the dollar has weakened a bit this year, its gains last year against the currencies of the United States’ main trading partners continue to depress core import prices.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Obituary: Les Murray died on April 29thAustralia’s greatest modern poet, a political controversialist, was 80
Baca lebih lajut »
China April bank lending seen moderating, policy support still on track: Reuters pollNew bank loans in China likely pulled back in April from strong levels the previ...
Baca lebih lajut »
China April exports unexpectedly fall but imports rebound as fresh U.S. tariffs loomChina's exports unexpectedly shrank in April but imports surprised with the...
Baca lebih lajut »
China April exports unexpectedly fall but imports rebound as trade talks loomChina's exports unexpectedly shrank in April but imports surprised with the...
Baca lebih lajut »
China's food inflation rose 6.1% in April as pork prices spikedChina's April consumer inflation was in line with expectations, but a spike in pork prices contributed to higher food prices, the National Bureau of Statistics data showed on Thursday.
Baca lebih lajut »
From the border, more frustrating immigration numbers for President TrumpUnauthorized crossings topped 100,000 for second month in a row in April, defying Trump demands for “toughness.”
Baca lebih lajut »
US government records $160.3 billion April surplusThe federal government recorded a $160.3 billion surplus in April as revenues for the month jumped to an all-time high. But even with a flood of tax receipts, the deficit so far this year is running 37.7% higher than a year ago.
Baca lebih lajut »
Border Patrol arrested nearly 99,000 migrants in AprilBorder Patrol arrested nearly 99,000 migrants last month — a number that the agency’s chief said is “off the charts compared to recent years”
Baca lebih lajut »
China says its April trade surplus was $13.84 billion, far below expectationsChina's trade surplus was $13.84 billion in April, customs data showed. That was far lower than the $35 billion analysts had expected.
Baca lebih lajut »
Japan April services PMI slips as new business growth slowsActivity in Japan's services sector expanded at a slightly slower pace in A...
Baca lebih lajut »
U.S. border agents apprehended nearly 100,000 people at southern border in April: dataU.S. border officers apprehended nearly 99,000 people crossing the U.S. southern...
Baca lebih lajut »