June, Inflation
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The Producer Price Index report showed wholesale inflation measure was unchanged in June. It comes on the heels of the Consumer Price Index showing inflation accelerated in June. CBS News business contributor Javier David joins to break it down.
American companies in China are reporting record-low new investment plans for this year and declining confidence in profits, while uncertainty in U.S.-China relations and President Donald Trump’s
Wholesale inflation in June, as measured by the producer-price index, surprised to the downside “as lower hotel rates and airfares offset tariff effects,” according to Comerica Bank’s chief economist,
The producer price index for total final demand was unchanged in June, the Bureau of Labor Statistics reported.
The Producer Price Index, which measures the average change in prices paid to producers, was unchanged from May, and the annual rate of wholesale-level inflation slowed 2.3%, staying lower in part because of base effects (as the year-ago period experienced higher inflation).
Stock futures are little changed Wednesday ahead of the release of wholesale inflation data as earnings reports from banks and other major companies stream in.
Dow Futures mixed ahead of wholesale inflation data: 5 things to know before Wall Street opens today
Dow futures mixed as Wall Street eyes bank earnings, inflation data, and tariff risks in a cautious trading session.
Retail inflation cooled to 2.1% in June, its slowest pace since January 2019, while wholesale inflation slipped to a 21-month low of -0.13%, the first negative print since October 2023, according to p