U.S. Treasury yields fell on Wednesday as December’s producer price index hinted that inflation may have reached its peak.
Electric vehicle maker Tesla is cutting prices in the United States and throughout Europe again, according to listings on the company’s website.
The central bank leader noted that stabilizing prices requires making tough decisions that can be unpopular politically.
Cox Automotive expects wholesale used vehicle prices to end the year down 4.3% from December 2022.
Consumer confidence in the U.S. housing market is improving slightly, as mortgage rates settle and home prices fall.
Egg prices have risen faster in the past year than any other grocery category. A deadly outbreak of bird flu in the U.S. is the primary culprit.
Saxo bank has made its “outrageous” predictions for 2023, including meat bans, gold prices soaring and Britain voting to reverse Brexit.
European Union energy ministers agreed to a “dynamic” cap on natural gas prices Monday after two months of intense negotiations.
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