By Scott DiSavino NEW YORK (Reuters) -Oil prices eased on Wednesday to a five-month low on escalating U.S.-China trade tensions and the International Energy Agency’s prediction of a supply surplus in 2026. Brent crude futures fell 48 cents, or 0.8%, to settle at $61.91 a barrel. U.S. West Texas Intermediate (WTI) futures fell 43 cents,…
Producer prices in July rose faster than forecast across the board, giving investors and the Federal Reserve an inflation surprise just over a week out from Fed Chair Jay Powell’s crucial Jackson Hole speech. The Producer Price Index (PPI) for July showed inflation for businesses rose 0.9% over the prior month, well ahead of the…
Even though policymakers in Beijing may be putting up a sanguine show, not all is well with China’s economy. Its latest official data reveals that prices in China fell 0.7% from a year earlier in February, marking the first time in more than a year that the economy is in the grip of deflation. Also…
A gauge of wholesale prices rose more than expected in January, though some details of the report indicated that pipeline inflation pressures are easing. The producer price index, which measures what producers get for their goods and services, increased by a seasonally adjusted 0.4% on the month, compared with the Dow Jones estimate for 0.3%,…