[ad_1] US industrial production rose in January by more than forecast, boosted by utilities usage in a month marked by colder temperatures, while a sharp decline in motor vehicle output restrained manufacturing. The 0.5% increase in production at factories, mines and utilities followed a revised 1% gain a month earlier, Federal Reserve data showed Friday […]
Gold climbs to a record as US data bolster Federal Reserve cut case – CNBC TV18
[ad_1] Gold climbed to a record after another faster-than-forecast US inflation print and an uptick in applications for unemployment benefits substantiated bets that the Federal Reserve will cut interest rates next week. The producer price index for final demand increased 0.2% from a month earlier after a downward revision to July’s reading, according to a […]
US trade deficit widens to $78.8 billion, largest in two years – CNBC TV18
[ad_1] The US trade deficit widened to a two-year high in July, fueled by a surge in imports of goods and partly reflecting stepped-up efforts by companies to ensure adequate supply ahead of a potential dockworkers’ strike. The goods and services trade gap grew 7.9% from the prior month to $78.8 billion, Commerce Department data […]