Tag Archives: Economy

Goldman, Bank of America extend forecasts for continued Fed rate hikes

Goldman Sachs and Bank of America said they expect the Federal Reserve to raise interest rates three more times this year, lifting their estimates after data pointed to persistent inflation and a resilient labor market. Producer prices accelerated in January by the biggest margin in seven months, according to data on Thursday, while a …

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Wholesale prices jump more than expected on surging energy prices

Wholesale prices in the United States reaccelerated in January, indicating that inflation pressures continue to underlie the US economy despite longer-term signs of improvement. From December to January, the government’s producer price index jumped 0.7%, driven up in part by a 5% surge in energy prices. That increase compared with …

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