Reported 27 days ago
U.S. wholesale prices experienced a slowdown last month, indicating a potential easing of inflation pressures that may lead the Federal Reserve to lower interest rates. The Labor Department reported a 0.2% rise in the producer price index from July to August, with an annual increase of just 1.7%, the lowest since February. Core prices, excluding food and energy, rose 0.3%. Overall, these trends suggest inflation is trending closer to the Fed's 2% target, following significant hikes in previous years.
Source: YAHOO