Wholesale prices rose 0.2% in October, less than expected, as inflation eases
The producer price index was expected to show a monthly increase of 0.4% in October, according to Dow Jones estimates.
Inflation expectations rebounded in October on record-high jump in gas outlook, NY Fed survey shows
Americans grew more worried about inflation in the October, with fears emanating primarily from an expected burst in gasoline prices.
Fed Vice Chair Brainard says it may ‘soon’ be appropriate to move to slower pace of rate hikes
"I think it will probably be appropriate soon to move to a slower pace of rate increases," she told Bloomberg News in a live interview.
Fed officials welcome inflation news but still see tighter policy ahead
Federal Reserve officials welcomed Thursday's inflation news but cautioned against getting too excited by the data.
Consumer prices rose 0.4% in October, less than expected, as inflation eases
The consumer price index was expected to rise 0.6% from September to October and 7.9% from a year ago, according to Dow Jones estimates.
Even with slower inflation, consumer sentiment weakened sharply in November, survey shows
The University of Michigan Survey of Consumers posted a 54.7 reading for November, down 8.7% from the previous month's reading.
UK on the brink of recession after economy contracts by 0.2% in the third quarter
The third-quarter contraction was less than the -0.5% expected by analysts.
Consumer confidence is near its lowest in a decade, and that could be a problem for Biden
Anxiety over the cost of living and the direction of the economy could prove costly to President Biden — and his fellow Democrats.
The unemployment rate for Black men fell in October, but so did labor force participation
Workers of color continue to see higher rates of unemployment than their white counterparts.