April, spending
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Singapore's non-oil domestic exports rose 12.4% in April from the same month a year earlier, government data showed on Friday, with shipments of both electronics and non-electronics increasing.
Business travel to the U.S. fell 9% in April as companies and workers grappled with economic uncertainty and anger over the Trump administration’s tariffs and border policies.
Consumer prices were up 2.3% in April from a year earlier, the Labor Department reported Tuesday, cooler than March’s gain of 2.4%. That was below the 2.4% that economists polled by The Wall Street Journal had expected.
U.S. producer prices unexpectedly fell in April as the cost of services declined by the most since 2009, pulled down by ebbing demand for air travel and hotel accommodation.
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Inflation is getting closer to the Federal Reserve's 2% target.
Consumer prices climbed at the slowest pace since February 2021 last month, as the inflationary effects of President Donald Trump's tariffs have yet to hit Americans' wallets.
Tuesday's report could provide an early read on how Trump's duties will affect the prices Americans pay for necessities and other goods such as clothing, shoes, furniture and even groceries.
While more than 170,000 jobs were added to the job market in April, Black women accounted for the highest job loss.
The CPI report was cooler than expected, although inflation is still higher than the Federal Reserve's 2% annual goal.
The Producer Price Index, a closely watched measurement of wholesale inflation, showed Thursday that the prices paid to US producers dropped 0.5% in April from the month before, a much softer reading than economists expected, while inflation slowed on an annual basis to 2.4%, from 2.9% in March, according to Bureau of Labor Statistics data.