Consumer inflation posts largest drop in 6 years
Current account deficit rises 1.9% in Q3, to US$100.3b from a revised US$98.4b in Q2
Washington
US consumer prices recorded their biggest drop in nearly six years in November as petrol prices tumbled, but this probably will do little to change views that the Federal Reserve will start raising interest rates in mid-2015.
The Labor Department said on Wednesday its Consumer Price Index (CPI) fell 0.3 per cent last month, the largest decline since December 2008, after being flat in October.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
EU, ISSB agree on minimising overlaps in company climate disclosures
US law firm Mayer Brown to split from Hong Kong partnership
US labour costs rise by most in a year as productivity cools
US trade deficit narrows slightly in March
Canada posts surprise trade deficit as gold exports fell in March
OECD upgrades global growth outlook as US outperforms