Largest gains observed in machinery and electronic equipment
Core inflation rate climbs to 2.5%
Downward trend resumes
Real GDP at 0.7%, 2.7% annualized
Imports and exports decline
Biggest increase seen in Alberta
Non-residential permits eclipsed $3 billion for the first time
Limits on physical capacity keeping companies from meeting demand
The U.S. Federal Reserve’s preferred measure of inflation dipped below 2% for the first time in three years in May, according to a government report released today.At the same time, while personal incomes and consumer spending both grew in May, they did so a bit more slowly than expected.The price index for personal consumption expenditures […]
Businesses cut spending