Mark Streiber News Today

U.S. service sector activity grew in May after shrinking in April for the first time since December 2022, survey data from the Institute for Supply Management on Wednesday.

U.S. job openings fell to a three-year low in March, while the number of people quitting their jobs declined, signs of easing labor market conditions that over time could aid the Federal Reserve's fight against inflation. The Job Openings and Labor Turnover Survey, or JOLTS report from the Labor Department on Wednesday was, however, tempered somewhat by other data showing a measure of prices paid by manufacturers for raw materials jumped to the highest level in nearly two years in April as ...

USA-ECONOMY/ (WRAPUP 3, PIX):WRAPUP 3-US job openings slide to three-year low as demand for labor gradually eases

Following yesterday's hotter-than-expected consumer price inflation data, the Labor Department released a report on Thursday showing U.S. producer prices increased in line with economist estimates in the month of March.

(Bloomberg) — Wall Street traders sent both stocks and bonds lower after solid US factory data reinforced speculation that the Federal Reserve will be in no rush to cut interest rates. Treasuries fell across the curve — with 10-year yields climbing over 10 basis points — as manufacturing unexpectedly expanded for the first time since…

Partly reflecting a rebound in orders for transportation equipment, the Commerce Department released a report on Tuesday showing a notable increase in new orders for U.

Fed officials, who have a dual mandate to maintain price stability and maximum employment, are widely expected to leave rates unchanged at a two-decade high for a fifth month at next week’s meeting.