News

Most of the decline in services prices is attributable to a 3.9% drop in margins for machinery and vehicle wholesaling, while finished consumer goods excluding food and energy rose at the fastest pace since February.

The BLS adjustment indicates that the labor market slowdown in recent months followed an extended period of moderate job growth, which may lay the groundwork for a series of interest rate cuts beginning next week.

At a time of significant rate hikes and financial pressures, large employers are driving the future of the health benefits market.

In August, hiring at U.S. companies was lower than forecast, consistent with other evidence that points to weaker demand for workers.

Twenty-seven U.S. issuers sold a total of $43.3 billion of debt yesterday, the third-largest volume ever.

At the same time, August saw an increase in orders and the lowest price increases for raw materials since February.