Stay updated with breaking news from Christopher Rupkey. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
By Lucia Mutikani WASHINGTON (Reuters) - U.S. consumer prices rose modestly in June and registered their smallest annual increase in more than two years
Federal Reserve expected to bump up rates in July and then 'watch and wait'
U.S. producer prices fell more than expected in May as the costs of energy goods and food declined, signaling that inflation pressures were abating throughout the economy and could eventually provide relief to consumers.
/cloudfront-us-east-2.images.arcpublishing.com/reuters/OTNMLCBPYVKCVISJS2TIFXR2DQ.jpg)
U.S. producer prices fell more than expected in May as the costs of energy goods and food declined, signaling that inflation pressures were abating throughout the economy and could eventually provide relief to consumers.
U.S. producer prices fell more than expected in May as the costs of energy goods and food declined.