US import prices post the biggest drop in 6 months

U.S. import prices fell by the most in six months in June, pulled down by declines in the costs of petroleum and other goods, suggesting imported inflation remained subdued. The Labor Department said on Tuesday import prices dropped 0.9% last month, the biggest decrease since December. Data for May was revised up to show import  Read more ➝

US Producer Price Index (PPI)

U.S. producer prices rose slightly in June as the cost of energy and other goods fell for a second straight month, offsetting an acceleration in services, leading to the smallest annual increase in producer inflation in nearly 2-1/2 years. The Labor Department said on Friday its producer price index for final demand edged up 0.1%  Read more ➝

Huawei has not received a general amnesty from Trump

Larry Kudlow, director of the U.S. National Economic Council. Andrew Harrer | Bloomberg | Getty Images White House economic advisor Larry Kudlow responded Sunday to criticism of President Donald Trump‘s controversial decision to allow Chinese telecom giant Huawei to buy US products, part of a truce Trump struck with Chinese President Xi Jinping at the G-20  Read more ➝