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Benzinga Deflation Pushes Producer Prices To 28-Month Lows Ahead Of Fed's Interest Rate Decision U.S. producers now face the reality of deflation, as the Producer Price Index (PPI) for final demand slumped 0.3% month-on-month in May, down from the previous 0.2% monthly increase and below the expected 0.1% fall, the U.S. Bureau of Labor Statistics reported Wednesday. The PPI print follows the May consumer price index (CPI) reading, which came in lower than expected, supporting the market belief t

Rupee Today: The rupee gained in early trade on Monday asthe dollar failed to gain any traction and languished at five-month lows.

Oil prices rose on Wednesday, recovering from six-month lows hit the previous day, as a larger-than-expected drop in US oil and gasoline stocks reminded investors that demand remains firm, if overshadowed by the prospect of a global recession.

Written by GaryUnvaccinated people are 29 times more likely to be hospitalized with Covid (SPY +0.2%). Short-squeeze surge sends stocks to record high. House Democrats clear path toward passing $3.5 trillion budget bill.

Pfizer, Moderna COVID vaccines 94% effective (SPY -0.03%). Dollar dumps to 2-month lows, FOMC Meeting statement: few changes and no change to the federal funds rate. The Market in Perspective Here are the headlines moving the markets. Why Nigerian Oil Prices Are Falling Although it is a very rare occurrence to see Nigerian grades trade at levels stipulated by the Nigerian National Petroleum Company (NNPC) every month, the issuance of its official selling prices generally reflects the markets current sentiment. Todays current feeling about Nigerian crudes (and Western African ones generally...