Sharp contraction in manufacturing
Monthly gain offsets drop in December
Economists point to seasonal pressures
U.S. wholesale price growth slowed in February on falling food prices, but accelerated in consumer products, automobiles and prescription drugs, signaling that inflation risks remain in the U.S. economy.Meanwhile, U.S. home construction dipped in February, reflecting a sharp drop in the Northeast, while permits for future groundbreakings plunged to the lowest level in 16 years. […]
Markets pounded as Bears buyout sparks panic
Passenger car sales rise 16%
Sector rebounds after dismal December
U.S. consumer prices were unexpectedly flat in February, a government report showed, clearing the way for a large interest rate reduction by the Federal Reserve next week.The consumer price index was unchanged in February both overall and when volatile food and energy prices were excluded, the U.S. Labour Department said today. Core inflation hadn’t flattened […]
Real estate remains major contributor to increase
Productivity growth slows in U.S.