Reported 2 months ago
Recent figures from the Bureau of Labor Statistics reveal that US producer prices increased by just 0.1% in July, lower than expectations, signaling a potential cooling of inflation. This data contributes to speculation that the Federal Reserve may consider cutting interest rates, with markets almost certain about a reduction by the end of September. The upcoming Consumer Price Index report is anticipated to show stable inflation at 3.0%, aligning with reduced pressures from previous inflation metrics.
Source: YAHOO