WASHINGTON (Reuters) - U.S. retail sales rebounded in February, driven by increases at auto dealerships and gasoline service stations, but consumer spending is slowing as households grapple with inflation and higher borrowing costs. Retail sales rose 0.6% last month, the Commerce Department's Census Bureau said on Thursday. Data for January was revised lower to show sales tumbling 1.1% instead of...

07:49 AM EDT, 03/14/2024 (MT Newswires) -- The US dollar fell against its major trading partners early Thursday, except for an improvement against the euro, ahead of the release of weekly jobless claims and retail sales and producer price data for February, all at 8:30 am ET. Business inventories data for January follows at 10:00 am ET, with weekly natural...

Editor’s Note: This article has been updated to include new information on price changes for specific items such as diesel fuel and chicken eggs, alongside hay and hayseeds prices. Producer prices in the United States rose more than expected in February, echoing a similar trend observed the previous month and raising concerns about a potential resurgence in inflationary pressures. The...

Producer prices in the United States rose more than expected in February, echoing a similar trend observed the previous month and raising concerns about a potential resurgence in inflationary pressures. The Producer Price Index (PPI) rose by 0.6% month-over-month in February, the Bureau of Labor Statistics reported Thursday. This increase represented an acceleration compared to January’s 0.3% pace, and exceeded...