Wholesale inflation jumps 6% in April on annual basis, biggest increase since 2022
The producer price index was expected to increase 0.5% in April, according to the Dow Jones consensus.
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Markets raise chances for a Fed rate hike following hot inflation report
Market pricing took virtually any chance of a cut off the table between now and the end of 2027.
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It's not just Iran and oil raising inflation. Prices also are reaccelerating in these other areas
Here's some of the places where prices are rising fast for consumers.
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Oil prices jump after Trump dismisses Iran proposal to end war
The Strait of Hormuz trade route remains effectively shut, disrupting the global energy shipments.
Industriya
The Federal Reserve is quickly running out of reasons to cut interest rates
Friday's jobs report provided evidence that the central bank's larger concern is a cost of living that is getting increasingly hard to bear.
Industriya
Consumer sentiment falls to fresh record low in May as surging gas prices hit outlook
Surging gas prices due to the Iran war sent consumer sentiment to a new low in the early part of May.
Industriya
U.S. payrolls increased 115,000 in April, more than expected; unemployment at 4.3%
Nonfarm payrolls were expected to increase by 55,000 in April, according to the Dow Jones consensus.
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Here's what to expect from Friday's release of the April jobs report
The total picture is one of a labor market that, while undoubtedly cooling, is generally stable and resilient despite a number of challenges.
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Oil prices rise after US and Iran exchange fire in Hormuz strait
The flare-up further endangers the US-Iran ceasefire, which Trump extended indefinitely on 21 April.
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There's 'no chance' Warsh will be able to get the Fed to cut rates, Paul Tudor Jones says
"Do I think he'll cut rates？ No chance," Jones said during a wide-ranging CNBC "Squawk Box" interview.
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Surging gas prices are hitting lower income households harder, New York Fed study shows
Lower-income consumers are compensating for higher gas prices by buying less.
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Surging gas prices are hurting lower income households harder, New York Fed study shows
Lower-income consumers are compensating for higher gas prices by buying less.
Industriya
Surging gas prices are hitting lower-income households harder, New York Fed study shows
Lower-income consumers are compensating for higher gas prices by buying less.
Industriya
Private payrolls rose by 109,000 in April, topping expectations, ADP says
The report provided more evidence of a stable labor market and less incentive for the Fed to lower interest rates.
Industriya
GameStop makes $55.5bn takeover offer for eBay
GameStops boss Ryan Cohen says he sees potential to make eBay a much bigger rival to Amazon.
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UK exports to U.S. plunge by 25% after Trump's 'liberation day' tariffs blitz
The U.K. is now running a trade deficit with its largest trading partner.
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Fed dissenters explain 'no' votes, saying they disagreed with hinting next move would be a cut
Federal Reserve officials who voted this week against the post-meeting statement said they didn't think it was appropriate to signal that the next interest rate move would be lower.
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Inside the Fed: Powell vows he won't be a 'shadow chair,' but a Warsh clash will be tough to avoid
When the Fed gathers again, it will mark the first time a sitting and former chair conduct business together in nearly 80 years.
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Fertiliser boss says Iran war puts 10 billion meals a week at risk
A shortage of fertiliser due to the Iran conflict could reduce crop yields and push prices higher, says the boss of Yara.
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Core inflation rate hit 3.2% in March as first-quarter growth disappointed at 2%
Consumers faced escalating prices in March as the Iran war sent oil soaring and created a new level of challenges for the Fed.
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