U.S. wholesale inflation falls for first time in 7 months, PPI shows

  • April 13, 2017
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U.S. inflation at the wholesale level fell in March for the first time in seven months, owing to lower costs for services such as investment advice as well as cheaper fuel for cars and homes. The producer price index slipped 0.1% last month to mark the first decline since August.

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Initial jobless claims cling near post-recession low

  • April 13, 2017
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Initial jobless claims were essentially unchanged at 234,000 in early April, holding near extremely low levels that show the U.S. labor market is going strong despite a slowdown in hiring last month.

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Consumer sentiment improves in April

  • April 13, 2017
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A gauge of consumer sentiment improved in April, as most Americans were upbeat about current conditions, although the partisan divide about the outlook for the economy remains stark. Consumer sentiment rose to 98 in a preliminary April reading, compared with March’s final result of 96.0.

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Mortgage rates tumble to fresh 2017 low

  • April 13, 2017
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Rates for home loans fell in line with Treasury yields, nudging mortgage rates to the lowest level of the year. The 10-year Treasury yield fell five basis points during the week as investors continue to re-assess the expectations for fiscal stimulus and economic growth that followed the November election even as fresh geopolitical worries flared.

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Inflation falls for first time in 13 months, CPI shows

  • April 14, 2017
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The cost of goods and services for American consumers fell in March for the first time in more than a year, reflecting a decline in gasoline prices that’s put a halt for now to rising inflation. The consumer price index, or cost of living, fell by a seasonally adjusted 0.3% last month. Economists had forecast

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Retail sales post worst two-month stretch in two year

  • April 14, 2017
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Sales at U.S. retailers fell in March for the second month in a row, marking the worst two-month stretch in two years. Sales at retailers nationwide declined 0.2% last month, a touch less than the 0.3% drop forecast.

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How the Fed will read the soft CPI and retail sales reports

  • April 16, 2017
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Disappointments on both inflation and retail sales for March might give reason for Federal Reserve officials to think twice about their plan to ratchet up rates as many as three more times this year. The next policy move from the Fed will likely come in June and will likely be followed by another rate hike

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Fed likely to avoid market tantrum when it reduces its $4.5 trillion balance sheet, Fischer says

  • April 17, 2017
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“My tentative conclusion from market responses to the limited amount of discussion of the process of reducing the size of our balance sheet that has taken place so far is that we appear less likely to face major market disturbances now than we did in the case of the taper tantrum,” Fischer said. “But, of

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British PM May calls for snap election on June 8

  • April 18, 2017
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British Prime Minister Theresa May says she is seeking an early election on June 8 to seek a strong mandate as she negotiates the country’s exit from the European Union.

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Industrial production climbed in March, while manufacturing output dropped unexpectedly: Fed report

  • April 18, 2017
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Overall U.S. industrial production rose 0.5 percent in March because of an 8.6 percent weather-driven surge in utilities generation, the Federal Reserve said on Tuesday. That was the largest increase in utilities output on record, which resulted from heating demand returning to so-called seasonal norms after being suppressed by unusually warm weather in February, the

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