U.S. producer prices edged up in December as a rise in the cost of goods was off...
WASHINGTON - U.S. producer prices edged up in December as a rise in the cost of goods was offset by weakness in services, the latest indication of tame inflation pressures that could allow the Federal Reserve to keep interest rates unchanged this year.
For all of 2019, the PPI rose 1.3%. That was the smallest gain since 2015 and followed a 2.6% increase in 2018. U.S. financial markets were little moved by the data as investors awaited the signing on Wednesday of a preliminary trade deal between the United States and China, a first step toward diffusing an 18-month trade war.The producer inflation data followed a report on Tuesday showing a small rise in consumer prices in December. The Fed, which has a 2% annual inflation target, tracks the core personal consumption expenditures price index for monetary policy.
Inflation could remain tame, with the government reporting last Friday that the annual increase in wage growth retreated to below 3.0% in December even as the unemployment rate held at a near 50-year low of 3.5% and a broader measure of labor market slack dropped to a record 6.7%.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Oil gains ahead of U.S.-China trade deal, snapping four-day declinesOil prices rose above $64.50 a barrel on Tuesday, snapping four straight days of...
Baca lebih lajut »
‘Vera’: ITV & BritBox Drama Renewed For Season 11 As Producers Admit U.S. Remake Possibility – TCAITV and BritBox’s long-running detective drama Vera is returning for an 11th season. The announcement was made by star Brenda Blethyn at the Winter TCA Press Tour. The show stars Blethyn as Detecti…
Baca lebih lajut »
Treasury yields move higher as investors await interim US-China trade dealU.S. government debt prices were lower Tuesday morning, as investors await the planned signing of an interim U.S.-China trade deal.
Baca lebih lajut »
North Korea remains open to dialogue with U.S.: South Korea's MoonSouth Korean President Moon Jae-in said on Tuesday it was too early to be pessim...
Baca lebih lajut »
'This Is Us' producer breaks down Randall's cliffhanger, Rebecca's diagnosisWarning: This article contains plot details from “Lights and Shadows,” the season 4 winter premiere of This Is Us. When…
Baca lebih lajut »
Oil prices dip as Mideast tensions ease; market eyes trade dealOil prices edged lower on Tuesday as receding Middle East tensions took some hea...
Baca lebih lajut »