Continuing the upward trend seen throughout most of 2021, the Labor Department released a report on Wednesday showing U.S. import prices increased in line with economist estimates in the month of November.The Labor Department said import prices climbed by 0.7 percent in November after surging by an upwardly revised 1.5 percent in October. Economists had expected import prices to advance by 0.7 per...
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Forex News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.