U.S. wholesale prices dropped unexpectedly in April for the first time in more than a year despite President Donald Trump’s sweeping taxes on imports. The producer price index — which tracks inflation before it hits consumers — fell 0.

WASHINGTON (Reuters) -U.S. retail sales growth slowed in April as the boost from households front-loading motor vehicle purchases ahead of tariffs faded and consumers pulled back on spending elsewhere against the backdrop of an uncertain economic outlook.

Dollar still facing pressure over uncertainty surrounding Trump tariffs, while equity markets were generally lower Thursday