Insightful Word
  • Investing
  • Stock
  • Economy
  • Politics
  • Investing
  • Stock
  • Economy
  • Politics
No Result
View All Result
Insightful Word
No Result
View All Result
Home Economy

US import prices post biggest drop in nine months in September

admin by admin
October 16, 2024
in Economy
0
US import prices post biggest drop in nine months in September
0
SHARES
5
VIEWS
Share on FacebookShare on Twitter

WASHINGTON (Reuters) – U.S. import prices fell by the most in nine months in September amid decreases in the costs of energy products and food, which bodes well for the domestic inflation outlook.

Import prices slipped 0.4% last month, the biggest drop since December 2023, after a revised 0.2% decrease in August, the Labor Department’s Bureau of Labor Statistics said on Wednesday.

Economists polled by Reuters had forecast import prices, which exclude tariffs, would fall 0.4% after a previously reported 0.3% decrease. In the 12 months through September, import prices dipped 0.1% after increasing 0.8% in August.

Government data last week showed slightly firmer consumer prices in September. While producer prices were unchanged last month, some components showed strength, which was expected to translate into a higher monthly readings in the key inflation measures tracked by the Federal Reserve for its 2% target.

The U.S. central bank is expected to cut interest rates again next month, but by a smaller 25 basis points against the backdrop of a resilient economy.

The Fed launched its easing cycle with an unusually large half-percentage-point reduction in its policy rate to the 4.75%-5.00% range in September amid growing concerns about the labor market. It hiked rates by 525 basis points in 2022 and 2023 to combat a surge in inflation.

This post appeared first on investing.com

Previous Post

Morgan Stanley’s profit beats estimates on investment banking windfall

Next Post

BofA’s Europe survey shows biggest surge in investor optimism since June 2020

admin

admin

Next Post
BofA’s Europe survey shows biggest surge in investor optimism since June 2020

BofA’s Europe survey shows biggest surge in investor optimism since June 2020

Trending News

Spotify stock drops 4% after Q2 miss and weak Q3 guidance

Spotify stock drops 4% after Q2 miss and weak Q3 guidance

July 29, 2025
SUI, Chainlink, and Stellar Price Predictions for August 2025

SUI, Chainlink, and Stellar Price Predictions for August 2025

August 2, 2025
American Airlines grounds all flights nationwide on ‘technical issue’

American Airlines grounds all flights nationwide on ‘technical issue’

December 24, 2024
Subscribe to Insightful Word


    Recent News

    Nvidia shares fall on China sales exclusion, weaker data center sales: analysts weigh in

    Nvidia shares fall on China sales exclusion, weaker data center sales: analysts weigh in

    August 28, 2025
    SentinelOne stock price forecast ahead of earnings: buy or sell?

    SentinelOne stock price forecast ahead of earnings: buy or sell?

    August 28, 2025
    Tesla wants millions of robotaxis by 2025, but will Waymo win the long game?

    Tesla wants millions of robotaxis by 2025, but will Waymo win the long game?

    August 28, 2025
    Urban Outfitters stock slides 4% despite strong quarter on cautious outlook

    Urban Outfitters stock slides 4% despite strong quarter on cautious outlook

    August 28, 2025

    Recent News

    Nvidia shares fall on China sales exclusion, weaker data center sales: analysts weigh in

    Nvidia shares fall on China sales exclusion, weaker data center sales: analysts weigh in

    August 28, 2025
    SentinelOne stock price forecast ahead of earnings: buy or sell?

    SentinelOne stock price forecast ahead of earnings: buy or sell?

    August 28, 2025

    Latest News

    • Nvidia shares fall on China sales exclusion, weaker data center sales: analysts weigh in
    • SentinelOne stock price forecast ahead of earnings: buy or sell?
    • Tesla wants millions of robotaxis by 2025, but will Waymo win the long game?

    About Insightful Word

    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools
    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools

    Copyright © 2025 Insightfulword.com. All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Stock
    • Economy
    • Politics

    Copyright © 2025 Insightfulword.com. All Rights Reserved.