Reported 1 day ago
The July Producer Price Index (PPI) soared to a three-year high, raising alarm among economists who worry that rising services inflation could challenge the Federal Reserve's inflation control efforts. While some market participants expect a rate cut in September, others argue that continuing inflationary pressures from factors like wages and energy costs may necessitate a more cautious approach from the Fed. As labor market indicators show signs of softening, economists are torn between the risks of easing monetary policy and the need to combat inflation.
Source: YAHOO