Consumer-level prices in the U.S. economy, the world's largest, ticked up for the first time in more than a year, though core inflation showed a modest contraction, the government said Thursday.
Weekly data published Thursday on the U.S. labor market showed an increase in first-time claims of joblessness, though the four-week moving average showed an offsetting decline.
The US dollar tumbled to a 14-month low as rapidly falling inflation fueled expectations that the Federal Reserve's interest-rate increases will end soon.
The US dollar tumbled to a 14-month low as rapidly falling inflation fueled expectations that the Federal Reserve's interest-rate increases will end soon.