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U.S. Producer Prices Unexpectedly Fall 0.4% In March
(RTTNews) - On the heels of yesterday's report showing a surprise dip by U.S. consumer prices, the Labor Department released a separate report on Friday showing U.S. producer prices also unexpectedly decreased in the month of March.
The Labor Department said its producer price index for final demand fell by 0.4 percent in March after inching up by a revised 0.1 percent in February.
Economists had expected producer prices to rise by 0.2 percent compared to the unchanged reading originally reported for the previous month.
The report also showed the annual rate of producer price growth slowed to 2.7 percent in March from 3.2 percent in February. The annual rate of price growth was expected to creep up to 3.3 percent.
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U.S. Consumer Sentiment Index Tumbles Much More Than Expected In April
Preliminary data released by the University of Michigan on Friday showed a continued slump by U.S. consumer sentiment in the month of April. The University of Michigan said its consumer sentiment index tumbled to 50.8 in April after plunging to 57.0 in March. Economists had expected the consumer sentiment index to fall to 54.5.
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U.S. Producer Prices Unexpectedly Decrease In March, Annual Growth Slows
On the heels of yesterday's report showing a surprise dip by U.S. consumer prices, the Labor Department released a separate report on Friday showing U.S. producer prices also unexpectedly decreased in the month of March. The Labor Department said its producer price index for final demand fell by 0.4 percent in March after inching up by a revised 0.1 percent in February.
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U.S. Weekly Jobless Claims Inch Up To 223,000, In Line With Estimates
A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits crept slightly higher in the week ended April 5th. The Labor Department said initial jobless claims inched up to 223,000, an increase of 4,000 from the previous week's unrevised level of 219,000. The uptick by initial jobless claims came in line economist estimates.
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U.S. Consumer Prices Unexpectedly Edge Down 0.1% In March
The Labor Department released a report on Thursday unexpectedly showing a slight decrease by U.S. consumer prices in the month of March. The report said the consumer price index edged down by 0.1 percent in March after rising by 0.2 percent in February. Economists had expected consumer prices to inch up by 0.1 percent.
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U.S. Consumer Prices Unexpectedly Edge Lower In March
The Labor Department released a report on Thursday unexpectedly showing a slightly decrease by consumer prices in the U.S. in the month of March.
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U.S. Weekly Jobless Claims Inch Up In Line With Estimates
A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits crept slightly higher in the week ended April 5th.
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Fed Minutes Reiterate 'Cautious Approach' To Future Interest Rate Decisions
Due to high uncertainty about the net effect of an array of government policies on the economic outlook, the minutes of the Federal Reserve's latest monetary policy revealed officials believe it remains appropriate to take a "cautious approach" to future interest rate decisions.
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U.S. Wholesale Inventories Rise In Line With Estimates In February
Wholesale inventories in the U.S. increased in line with economist estimates in the month of February, according to a report released by the Commerce Department on Wednesday. The Commerce Department said wholesale inventories rose by 0.3 percent in February, matching the preliminary estimate as well as economist expectations. Wholesale inventories climbed by 0.8 percent in January.
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