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U.S. Producer Price Growth Far Exceeds Estimates In January

The Labor Department released a report on Wednesday showing U.S. producer prices jumped by much more than expected in the month of January. The Labor Department said its producer price index for final demand surged up by 1.3 percent in Read More →

U.S. Industrial Production Climbs More Than Expected In January

Industrial production in the U.S. saw another notable increase in the month of January, according to a report released by the Federal Reserve on Wednesday. The Fed said industrial production climbed by 0.9 percent in January after jumping by a Read More →

U.S. Business Inventories Climb Slightly More Than Expected In December

Largely reflecting a jump in retail inventories, the Commerce Department released a report on Wednesday showing U.S. business inventories increased by slightly more than expected in the month of December.Original Article Read More →

U.S. Homebuilder Confidence Unexpectedly Inches Higher In February

Homebuilder confidence in the U.S. has unexpectedly seen a modest improvement in the month of February, the National Association of Home Builders revealed in a report on Wednesday. The report said the NAHB/Wells Fargo Housing Market Index inched up to Read More →

Fed Minutes Signal Policy To Remain Unchanged For ‘Some Time’

Minutes from the Federal Reserve's latest monetary policy meeting did not do much to change the view that the central bank is likely to leave policy unchanged for the foreseeable future.Original Article Read More →

Dollar Gains Against Peers On Upbeat Data

The U.S. dollar gained significant ground against other major currencies on Wednesday, riding on upbeat economic sales data and optimism about economic recovery.Original Article Read More →