US CPI Holds Steady as Energy Prices Decline

Energy prices pull back rapidly Energy prices fell by 1.1% in July, which gives relief to headline inflation. Gasoline prices declined by 2.2%, leading to their 9.5% annual decline. Natural gas fell 0.9%, while the electricity decreased by 0.1% in a month, but is 5.5% more year-on-year. Energy weakness compensates for firmness to other CPI…

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Productivity Surges, Jobless Claims Climb: Traders Eye Fed as Labor Costs Ease, Manufacturing Leads

Nonform productivity increases by 2.4% because output profitable labor hours In the second quarter, US Nonform Business Labor Productivity Rose 2.4% quarterly-by-spectacle, operated by an increase of 3.7% in production against an increase of 1.3% in working hours. This productivity acceleration follows the downward decline of 1.8% in the acceleration Q1 and provides rapid signal…

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