Wholesale prices unchanged in September
FOX News national correspondent Brian Jenas reported on “Evening Edit” how former President Trump is berating Vice President Kamala Harris on the economy. U.S. producer prices were unchanged in September, indicating the outlook for inflation remains positive and confirming expectations that the Federal Reserve will cut interest rates again next month. The Labor Department's Bureau […]
Wholesale price figure rises unexpectedly in August
Core wholesale prices, which exclude volatile food and energy prices, rose more than expected, further dampening hopes for a 50 basis point rate cut next week. The U.S. government's producer price index, which tracks the costs of goods and services from domestic producers, rose 0.2% last month, in line with economists' expectations, according to a […]
Wholesale Inventories Rose in June, Soothing Recession Worries
U.S. wholesale inventories rose in June, driven by a second consecutive month of strong growth in auto and truck inventories. The Commerce Department said Thursday that wholesale inventories rose 0.2%, in line with economists’ expectations and the government’s preliminary estimate. Inventories increased 0.5% in May. Year-over-year wholesale inventories increased 0.1%. The economy grew at an […]
Sam’s Club members threaten to jump to Costco after wholesale giant chops key perk
Sam’s Club Plus members have about six weeks left to take advantage of the coveted perks, and they’re telling the wholesale giant they’re unhappy about losing them. The company announced in an email on June 19 that starting Aug. 19, Plus members will only receive free shipping on “eligible orders of $50 or more” placed […]
Levi’s shares drop 15% amid weakness in wholesale business
Shares of denim maker Levi Strauss & Co. fell more than 15% on Thursday after the company reported weak second-quarter earnings due to a slump in its wholesale business. Despite denim dominating the latest fashion trends, including a resurgence of the short shorts of the early 2000s, the San Francisco-based company reported that its wholesale […]
Wholesale prices post surprise drop of 0.2% for May
A key inflation gauge surprised with wholesale prices dropping 0.2%, a day after the latest Consumer Price Index showed retail prices were trending lower. The Bureau of Labor Statistics reported that the Producer Price Index, which measures the prices producers get for goods and services on the open market, fell 0.2% in May. Analysts had […]
Wholesale inflation cools more than expected in May
Gabriela Santos, chief market strategist at JPMorgan Asset Management, analyzes the Federal Reserve’s interest rate decision on “The Craman Countdown.” Wholesale inflation eased more than expected in May, the latest sign that price pressures in the U.S. economy are easing. The Labor Department said Thursday that the producer price index Wholesale inflation Retail prices before […]
Wholesale inflation unexpectedly jumps again to highest level in a year
Gina Bolvin, president of Bolvin Wealth Management Group, discusses commodity movements, expected inflation data, the housing industry and the outlook for consumers. Wholesale-level inflation is much higher than expected in April, the latest sign that price pressures in the economy remain high and difficult to contain. The Labor Department announced Tuesday that it will measure […]
Wholesale inflation rose 0.2% in March, slightly below estimates
Wholesale prices last month posted the largest year-on-year increase in 11 months, but the following day, stock prices plummeted on a report on higher-than-expected U.S. inflation, raising concerns that the Fed won’t cut interest rates soon. It was the day after that. According to the U.S. Department of Labor, the producer price index, which tracks […]
Wholesale inflation jumps to highest level since April 2023
Former White House Chief Economist Joe LaBogna and JPMorgan’s Kelsey Bello discuss whether strong consumer spending is a “money-making” concern for the Fed. Inflation at the wholesale level picked up steam in March, the latest sign that price pressures within the economy remain uncomfortably high and difficult to control. The Labor Department announced Thursday that […]