September PPI Steadies Amid Big Bank Earnings and Tesla Launches Cybercab

Reported about 7 hours ago

In September, the Producer Price Index (PPI) remained unchanged month-over-month, countering expectations of a slight increase, while year-over-year inflation saw a 1.8% rise. As the Federal Reserve weighs potential interest rate decisions for November, major banks like JPMorgan Chase and Wells Fargo reported mixed third-quarter earnings, and Tesla revealed its new Cybercab priced at $30,000 during its Robotaxi Day event.

Source: YAHOO

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