• News Desk

U.S. IMPORT PRICES DROP, BUT DECLINING TREND SLOWS


U.S. import prices fell for the first time in six months in August on weak petroleum and food costs, but the declining trend is slowing as oil prices stabilize and the dollar's rally fades. Still, Wednesday's report from the Labor Department suggested the near-term inflation outlook would remain tame, strengthening the argument for the Federal Reserve to keep interest rates steady next week.

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#usimport #petroleum #foodcosts #LaborDepartment

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