U.S. import-export prices fall in November

The economic crisis has reduced prices of U.S. imported and exported goods and services at the fastest pace since 1988, when records were first kept, according to a Department of Labor report.
DEC 12, 2008
The economic crisis has reduced prices of U.S. imported and exported goods and services at the fastest pace since 1988, when records were first kept, according to a Department of Labor report. Import prices fell a record 6.7% in November, following a 5.4% decline in October. The decline was spurred by lower petroleum prices, which fell 25.8% in November, following a 19.8% decline in October. The decline also carried to non-petroleum import products, which fell 1.8%, according to the report. Prices for U.S. exports fell 3.2% in November, following a 2% decline in October. Economists surveyed by Reuters had forecast a 4.9% decline in import prices and a 1.5% decline in export prices in November.

Latest News

Retirement income shouldn’t be an afterthought
Retirement income shouldn’t be an afterthought

Why “one big pool of money” needs predictability—and a plan.

LPL posts record adjusted earnings as recruiting pipeline hits new high
LPL posts record adjusted earnings as recruiting pipeline hits new high

Advisor recruiting climbed to its strongest pace in nearly two years, while CEO Richard Steinmeier said the firm has "cleared the decks" for bigger institutional deals.

Red Oak, WealthReach ink deals to cement compliance and marketing leadership
Red Oak, WealthReach ink deals to cement compliance and marketing leadership

The combinations involving MirrorWeb and AdvisorRankings illustrate how AI is reshaping both wealth firm operations and wealthtech platforms' business models.

Kelly Park Capital streamlines private market access with PRISM 2.0
Kelly Park Capital streamlines private market access with PRISM 2.0

New 5-in-1 onboarding tool aims to cut subscription paperwork as advisor demand for private markets accelerates

Build deeper relationships and drive business through niche branding
Build deeper relationships and drive business through niche branding

Connecting unique offerings with a specific client niche is a sure path to advisor satisfaction and success – but it all has to start with an intentional strategy.

SPONSORED Direct indexing webinar targets tax-loss harvesting amid market swings

Northern Trust’s Ken Lassner shows advisors how to convert volatility into after-tax portfolio gains

SPONSORED Who builds the income when the pension disappears?

Dan Biagini of American Equity says the steady decline of pensions, longer lifespans and a reset in interest rates are rewriting how advisors build retirement income