US producer prices holds at 2.6% in May; wholesale prices rose 0.1%...

US producer prices holds at 2.6% in May; wholesale prices rose 0.1% from April, Fed seen staying cautious on rate cuts

Posted

US producer prices saw a modest rise in May, signaling that inflation remains under control despite ongoing trade tensions. The Producer Price Index increased by 2.6% year-on-year, with a slight monthly gain of 0.1%. Core wholesale prices also edged up, while energy prices remained stable.

Read Full Article

Please log in to like, share and comment!

National

Foreign Minister faces human trafficking questions amid US report

KATHMANDU: Foreign Minister Dr. Arzu Rana Deuba came under scrutiny on Friday during a...

By 0 13

Business

Forex buffer strengthens: India’s forex reserves rise $5.17 billion to $696.65 billion; gold, FCAs drive gain

India's foreign exchange reserves witnessed a substantial increase of $5.17 billion, reaching...

By 0 14

Business

Dalal Street bleeds: Investors lose Rs 8.35 lakh crore in 2 days; equities tumble amid Middle East flare-up

Equity markets faced a significant downturn over two sessions due to escalating Middle East...

By 0 14

Entertainment

Amrita once opened up about her relationship with Deepika

A surprising connection between Deepika Padukone and Amrita Rao emerged in 2019 through a Konkani...

By 0 25

National

RSP doesn’t support two-point agreement between Maoist and ruling coalition: Manish Jha

KATHMANDU: Rastriya Swatantra Party (RSP) lawmaker Manish Jha has remarked that his party has...

By 0 37