The Labor Department reported a 1.3% rise in the September Producer Price Index, the strongest monthly gain since March 2022, as energy costs surge and core inflation pressures mount.
Posts tagged as “energy prices”
The IMF raised its 2026 UK growth forecast to 1.3% but cautions that higher energy costs and interest rates will curb expansion in 2027.
Donald Trump said he supports a ban on diesel exports as U.S. diesel prices hit a record $6.53 per gallon, prompting debate among politicians and industry groups.
U.S. equities slipped after the Labor Department reported 162,000 new jobs in August, pushing expectations for a Federal Reserve rate increase higher.
US stock markets saw significant gains as a tentative US-Iran deal aimed at ending conflict raised expectations for stabilized energy supply chains following disruptions in the Strait of Hormuz.