Producer Prices Show First Drop Since August
With the PPI having increased 2.3% in the 12 months through March, inflationary pressures still appear to be heating up.
Consumer Spending Slows to 0.1% Increase
Economists see the slowdown in February as only temporary and unlikely to deter the Fed from raising interest rates again in June.
Fed Raises Interest Rates for 2nd Time in 3 Months
Central bank officials are expecting at least two more hikes this year amid a strong labor market and rising inflation.
Producer Prices Post 2.2% Year-on-Year Gain
Last month's increase in the PPI was the largest since 2012, providing further evidence that inflationary pressures are building in the U.S. economy.
Consumer Prices Post Biggest Gain in 4 Years
January's 0.6% rise in the CPI and continued strength in retail sales "show the economy is starting the year off with a bang."
U.S. Producer Prices Surge 0.6% in January
The gain in the producer price index was the largest in more than four years but the spillover to consumer inflation may be limited.
Inflation Edges Closer to Fed’s 2% Target
The Fed’s preferred measure of inflation rose 1.6% in December from a year earlier, its highest level since September 2014.
Key Libor Rate Tops 1% for First Time in 7 Years
The benchmark rate for $350 trillion worth of financial products worldwide has risen nearly 0.40 percentage point over the past year.
Fed Raises Benchmark Interest Rate by 0.25%
Fed Chair Janet Yellen calls the first rate increase in a year “a vote of confidence in the economy.”
Import Prices Drop 0.3% After Two Straight Gains
The decline in the cost of imported goods in November was the biggest since February and followed a 0.4% gain the previous month.
Consumer Spending Starts Q4 With Solid Gain
The 0.3% increase fell below economists' expectations but was "sufficiently strong to support economic growth in the fourth quarter.”