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U.S. Producer Price Growth Exceeds Estimates In February

A report released by the Labor Department on Thursday showed producer prices in the U.S. increased by much more than expected in the month of February. The Labor Department said its producer price index for final demand climbed by 0.6 Read More →

UK GDP Rebounds On Services, Construction Output

The UK economy rebounded in January on growth in services and construction output, underscoring that the country exited a technical recession. Gross domestic product posted an expansion of 0.2 percent in January, reversing a 0.1 percent fall in December, data Read More →

Dollar Turns In Mixed Performance After Inflation Data

The U.S. dollar turned in a mixed performance against its major counterparts on Tuesday with traders assessing the likely interest-rate move by the Federal Reserve in the wake of the latest data on U.S. consumer price inflation.Original Article Read More →

U.S. Small Business Optimism Sinks To 9-Month Low On Inflation Worries

Confidence among U.S. small businesses fell unexpectedly in February to its lowest level in nine months as firms continued to remain worried about inflation, survey data from the National Federation of Independent Business showed Tuesday. The NFIB Small Business Optimism Read More →

Dollar Tumbled Last Week Amidst Powell’s Rate Cut Assurances

The Fed's growing confidence that inflation was moving sustainably at the 2 percent level and Jerome Powell's ample rate cut hints in the Congressional testimony sent the Dollar plunging in the last week.Original Article Read More →

Jump In Imports Contributes To Wider U.S. Trade Deficit In January

The Commerce Department released a report on Thursday showing the U.S. trade deficit widened in the month of January amid a jump in the value of imports. The report said the trade deficit increased to $67.4 billion in January from Read More →

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