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The Labor Department reported a 0.3 percent decline in the producer price index for June, the largest monthly drop since April 2025. Consumer prices also fell 0.4 percent over the same period.
nbcnews.comU.S. producer prices fell 0.3 percent from May to June, the largest monthly decline since April 2025, the Labor Department reported Wednesday. The drop reversed a 0.
Year-over-year, producer prices rose 5.5 percent in June compared with 6.0 percent in May. Gasoline prices declined 12 percent in June but remained nearly 43 percent higher than a year earlier.7 percent over the past year.
Consumer prices dropped 0.4 percent from May to June, the largest monthly decline in four years, the department said. Year-over-year consumer inflation eased to 3.2 percent in May.
These outlets didn't split into competing frames — coverage was uniform.
Kevin Warsh appeared before the House Financial Services Committee on Tuesday. The June CPI showed its largest one-month decline since 2020, shifting market odds toward a rate hold at the July 29 meeting.
americanbanker.comA 2026 Gallup survey found small business as the only institution to receive 50 percent or higher total confidence from Americans. Congress scored 9 percent and the medical system 26 percent.
forbes.comThe Bank of Canada stated that near-term inflation expectations remain sensitive to gasoline price changes while longer-term expectations stay anchored. It noted signs of economic improvement and broadening growth sources. The central bank has dropped its reference to consecutive…