A day after the Consumer Price Index reignited concerns over sticky inflation, Wednesday's Producer Price Index (PPI) offered a more benign view. Producer prices were flat in June, down from May's upwardly revised 0.3% increase and coming in below the 0.2% consensus estimate. On an annual basis, PPI slowed to 2.3%, the lowest since September 2024, also weaker than the...

WASHINGTON (Reuters) -U.S. factory production edged up in June as a decline in motor vehicle output was offset by gains elsewhere, though manufacturing remains constrained by tariffs on imports. Manufacturing output ticked up 0.1% last month after an upwardly revised 0.3% increase in May, the Federal Reserve said on Wednesday. Economists polled by Reuters had forecast production unchanged after a...

WASHINGTON (Reuters) -U.S. factory production edged up in June as a decline in motor vehicle output was offset by gains elsewhere, though manufacturing remains constrained by tariffs on imports. Manufacturing output ticked up 0.1% last month after an upwardly revised 0.3% increase in May, the Federal Reserve said on Wednesday. Economists polled by Reuters had forecast production unchanged after a...

WASHINGTON (Reuters) -U.S. producer prices were unexpectedly unchanged in June as an increase in the cost of goods because of tariffs on imports was offset by weakness in services. The unchanged reading in the producer price index for final demand last month followed an upwardly revised 0.3% rise in May, the Labor Department's Bureau of Labor Statistics said on Wednesday....