Stock-index futures and Treasuries rose after the report.
Producer prices declined in key categories that feed into the central bank's preferred metric.
The producer price index for final demand decreased 0.2% from a month earlier.
So far, 2024 isn’t going quite how it was supposed to for the US economy: Inflation has been higher than expected and household spending seems to have lost some momentum...
A new survey showed 21% of economists viewed the Fed's monetary policy as "too restrictive."
Another year of solid growth would likely cement the elusive “soft landing” sought by Federal Reserve officials.
The market believes interest rate cuts can be expected as soon as March.
An economic report on Friday is expected to cement the case for lower interest rates in the coming quarters.
Inflation is moderating without causing spikes in unemployment or other signs of a hard landing.
Fed tightening and oil-price increases are increasingly threatening consumer spending, a new federal report says.
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