Inflation Tops Forecasts in Blow to Fed Rate-Cut Hopes
U.S. consumer prices jumped at the start of the year, stalling recent disinflation progress and likely delaying any Federal Reserve interest-rate cuts.
Factory Gauge Contracts at Slowest Pace in Nearly a Year
A measure of U.S. factory activity contracted in September by the least in nearly a year, offering hope that the worst may be over for the nation’s producers.
Service Industry Expands Modestly as Activity Cools
The U.S. service sector expanded only modestly in April according to the Institute for Supply Management, restrained by the weakest pace of business activity in nearly three years.
Factory Activity Contracts for a Sixth Month in April
U.S. factory activity contracted for a sixth-straight month in April, the longest such stretch since 2009 and a sign of lingering malaise in manufacturing.
Business Activity Unexpectedly Jumps
U.S. business activity unexpectedly climbed this month to nearly a one-year high, bolstered by stronger services and manufacturing that threatens to reignite inflationary pressures.
Imports Surge Led to Record Trade Gap in 2022
The U.S. trade deficit widened to a record last year on a surge in imports as American companies scrambled early on to ensure they had enough merchandise on hand to meet demand.
Business Activity Shrinks Again in Moderate Contraction
U.S. business activity contracted for a seventh month, though at a more moderate pace, while a measure of input prices firmed in a sign of lingering inflationary pressures.
Trade Deficit Widens on Greater Imports, Drop in Exports
The U.S. trade deficit widened for a second month in October, as the value of imports increased and exports declined, which may weigh on economic growth in the fourth quarter.
Mediterranean Shipping Co. Clashing With Machinists’ Union Over Seattle Terminal Duties
Mediterranean Shipping Co. filed a motion in late October with the National Labor Relations Board urging SSA Marine Inc. to assign tasks at the Port of Seattle’s Terminal 5 to the International Longshore and Warehouse Union.
West Coast Dockworker Talks Imperiled by Seattle Labor Dispute
A dispute over the assignment of work at a terminal in Seattle is casting a shadow on the outcome of talks to reach a new labor contract between 22,000 dockworkers at 29 U.S. West Coast ports and about 70 employers.