The cost of living in the U.S. probably fell in May for the first time in two years as fuel prices retreated, buttressing Federal Reserve projections that cheaper commodities will help reduce inflation, economists said before a report today.
Dollar General Corp. fell the most since it first sold shares to the public in 2009 after posting first-quarter profit that missed analysts’ estimates, hurt by rising gasoline prices and clearance sales.
Employment in the U.S. unexpectedly stagnated in August, increasing pressure on Federal Reserve Chairman Ben S. Bernanke and President Barack Obama to spur an economy that’s barely growing two years into the recovery.
Job growth in the U.S. unexpectedly stagnated in August, adding to pressure on Federal Reserve Chairman Ben S. Bernanke and President Barack Obama to rouse an economy that’s at risk of stalling two years after the last recession ended.
Federal Reserve officials tomorrow will probably announce a program for monetary easing that will do little to help 14 million unemployed Americans find work, according to economists in a Bloomberg News survey.