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.
Copper — traditionally seen as a leading indicator of economic health because of its use in many sectors — has unsurprisingly had a rough year. Yet analysts expect a resurgence in 2023.
The producer price index, a measure of what companies get for their products in the pipeline, increased 0.3% for the month and 7.4% from a year ago.
Next week’s consumer price index is key as Wall Street awaits the Federal Reserve’s next interest rate decision.