However, executives cautioned that higher import costs will inevitably result in higher consumer prices in coming months.
However, executives cautioned that higher import costs will inevitably result in higher consumer prices in coming months.
Inflation-adjusted GDP declined at an annual rate of 0.3% during the first quarter—primarily driven by an enormous increase in imports, which creates a drag on GDP growth.
Inflation-adjusted GDP declined at an annual rate of 0.3% during the first quarter—primarily driven by an enormous increase in imports, which creates a drag on GDP growth.
A senior administration official described the 90-day pause rumor as "fake news."
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A senior administration official described the 90-day pause rumor as "fake news."
Follow live coverage of today's volatile trading:
trib.al/SDjhakn
The year-over-year 2.5% gain in the Fed’s preferred measure of inflation was in line with economists’ expectations and was down from a 2.6% annual jump in December. The monthly reading of 0.3% was steady from December’s pace.
trib.al/3bXZRpv
The year-over-year 2.5% gain in the Fed’s preferred measure of inflation was in line with economists’ expectations and was down from a 2.6% annual jump in December. The monthly reading of 0.3% was steady from December’s pace.
trib.al/3bXZRpv
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Follow our coverage of the day's Fed news here:
www.barrons.com/livecoverage...