Producer Price Index declined 0.2% in May
The Producer Price Index for final demand declined 0.2% in May, seasonally adjusted, the U.S. Bureau of Labor Statistics reported.
Economy
CPI unchanged in May
The Consumer Price Index was unchanged in May on a seasonally adjusted basis, after rising 0.3% in April, the U.S....
FOMC maintains federal funds rate range
Fed officials also forecast that inflation will end the year higher than initially predicted.
The NFIB Small Business Optimism Index rose 0.8 points in May to 90.5
A seasonally adjusted net 15% of business owners planned to create new jobs in the next three months, the highest...
New York Fed: Short-term inflation expectations decline slightly
Consumer inflation expectations declined in the short-term horizon but increased when respondents were asked to look further out, according to...
Consumer credit increased 3.4% in April
Consumer credit increased at a seasonally adjusted annual rate of 1.5% in April, the Federal Reserve reported.
ABA Data Bank: EAC forecasts recovering GDP growth and receding inflation
The ABA Economic Advisory Committee forecasts real GDP growth gradually returning to 2% and inflation falling to the Fed’s 2%...
272,000 jobs added in May, unemployment rate edged up to 4.0%
The U.S. economy added 272,000 nonfarm jobs in May, the Labor Department said.
Mortgage rates decline
The rate for a 30-year fixed-rate mortgage averaged 6.99% this week, down from last week when it averaged 7.03%
U.S. international trade deficit increases in April
The international trade deficit in goods and services was $74.6 billion in April, up from $68.6 billion in March, the...
