Import prices post surprise gain as costs of goods from China hit highest since 2008
Import prices were up 0.3% for the month, as a drop in energy was more than offset by increases elsewhere.
Import prices were up 0.3% for the month, as a drop in energy was more than offset by increases elsewhere.
As with consumer prices, the index benefited from easing energy costs, particularly as oil fell due to the brief pause in tensions between the U.S. and Iran.
Inflation has risen for the eighth straight month in India, as food and energy prices rise due to the Iran war and deficient rainfall.
Following a wave of price hikes, at-home pastimes like streaming movies or playing video games are pinching pocketbooks.
The shares are set to start trading on the Nasdaq on Friday in what will be the largest ever debut by a foreign firm.
Nonfarm payrolls are projected to post a gain of 115,000, according to the Dow Jones consensus.
Companies added slightly fewer workers than forecast, with hiring targeted heavily toward healthcare-related sectors.
The personal consumption expenditures price index was expected to show a 4.1% annual increase.
The swift U.S. offer of assistance reflects a degree of diplomatic realignment between the Trump administration and the Venezuelan interim government.
Energy prices have been on a wild ride since Iran responded to US and Israeli attacks by effectively closing the Strait of Hormuz.
Though the firm's manufacturing index ran better than expected for June, it came largely from an inventory rebuild and despite sharp job cuts.
The U.S. issued a sweeping rollback of sanctions on Iranian oil, offering Tehran an economic lifeline as negotiations toward a peace deal proceed.
The sparsely populated state known for its world-class casinos and dry climate has been a hiring hot spot.
Early signs of reopening of the Strait of Hormuz have lifted the most acute threat to global energy supplies but economic damages from the war will take months to unwind.
Early signs of reopening of the Strait of Hormuz have lifted the most acute threat to global energy supplies but economic damages from the war will take months to unwind.
The Bank of England's Monetary Policy Committee voted 7-2 to keep rates on hold.
The Bank of England's Monetary Policy Committee voted 7-2 to keep rates on hold.
The Federal Reserve and Chairman Kevin Warsh on Wednesday followed the script on interest rates closely.
The Bank of England is due to update its monetary policy on Thursday.
The Bank of England is due to update its monetary policy on Thursday.