"The Euro and other currencies are devalued against the dollar, putting the U.S.at a big disadvantage", Trump tweeted without offering any evidence. Weighing even heavier are signs of lacklustre expansions at home and overseas, along with President Donald Trump's tariffs on Chinese goods.
The Fed raised rates four times a year ago, with the last hike in December putting the federal funds rate in the 2 ¼ to 2 ½% range.
USA consumer prices barely rose in May as a rebound in the cost of food was offset by cheaper gasoline, pointing to moderate inflation that could increase pressure on the Federal Reserve to cut interest rates this year. Trump said on Twitter, renewing his complaints about the US central bank a week before it meets in Washington to discuss monetary policy.
While some investors were still jumping into a rally sparked by a U.S. -Mexico trade and immigration agreement reached on Friday, others were looking ahead to the June 18-19 Fed meeting and expectations of trade talks between the United States and China leaders later in the month.
In its place is likely to be something more along the lines of what Powell said last week - namely, that the Fed is "closely monitoring" the economy and is ready to "act as appropriate to sustain the expansion". An increase in prices could temper bets for rate cuts as the Fed uses rate hikes to contain inflation. US stock index futures pared losses slightly.
-Economists surveyed by Bloomberg had forecast the core gauge would rise 0.2 per cent from the prior month and 2.1 per cent from a year earlier, with corresponding gains of 0.1 per cent and 1.9 per cent projected for the broader index. Retail sales were down by 0.2% m/m in April but are forecast to have rebounded by 0.6% in May.
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The acquisition brings "together two critical platforms that every customer needs to understand their world". In its last fiscal year ending January 31, Salesforce earned $1.43 per share on $13.28 billion in revenue.
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But prices for airline tickets, household furnishings and new vehicles rose last month.
U.S. housing costs have been rising steadily as rents have increased 3.7% in the latest 12 months, while the equivalent costs for homeowners in up 3.3%, according to the data.
-The report showed used-car prices dropped 1.4 per cent from the prior month while new auto prices increased 0.1 per cent. The solid increase in health care costs at both the consumer and production levels last month suggests a pickup in the core PCE price index in May. But the prices for prescription medication fell 0.2 per cent.
Apparel prices were unchanged after two steep declines.
US President Donald Trump accused Europe of devaluing the euro zone's single currency in a series of tweets on Tuesday that also targeted U.S.