Fueled by pricier used cars, hotel rooms and groceries, inflation in the United States moved slightly higher last month in the latest sign that some price pressures remain elevated.
CPI report aligned with consensus expectations, likely confirming a Fed policy cut next week. Nevertheless, with monthly core inflation hitting its strongest rate since the inflation scare of early ...
The Vienna-based cartel cut the forecast for the fifth consecutive month after further postponing plans to increase output amid softer prices and market concerns over weaker global consumption.