producer prices – Charm

Oil prices hit 5-month low on US-China trade tensions, looming supply surplus

Cs news7 months ago06 mins

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,…

Core producer prices hit 3-year high in July in ‘head-scratching’ inflation surge

Cs news9 months ago9 months ago04 mins

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…