Wholesale prices unexpectedly fell 0.1% in December in positive inflation sign
The producer price index fell 0.1% for the month and ended 2023 up 1% from a year ago, the Labor Department reported Friday.
The producer price index fell 0.1% for the month and ended 2023 up 1% from a year ago, the Labor Department reported Friday.
The budget deficit totaled almost $510 billion, following a shortfall of $129.4 billion in December alone.
The consumer price index for December was expected to increase 0.2% on a monthly basis and 3.2% from a year ago, according to Dow Jones.
Maersk CEO Vincent Clerc said it was unclear whether Red Sea trade would resume in "days, weeks or months."
The consumer price index is projected to have risen 0.2% in the final month of 2023, or 3.2% for the full year.
Retailers chalked up solid gains in the final month to wrap up the holiday season, according to the CNBC/NRF Retail Monitor for December.
The Saudi government expects $20 billion in deals will be signed at the annual minerals forum in Riyadh this week.
The world economy is moving into a new so-called super-cycle, with AI and decarbonization being driving factors, a Goldman Sachs analyst says.