Reported 2 months ago
U.S. producer prices saw a modest increase of 0.1% in July, falling short of the anticipated 0.2% rise, driven by lower service costs despite higher goods prices. Over the past year, the PPI rose by 2.2%, down from 2.7% in June, prompting market expectations for a potential easing by the Federal Reserve amid a cooling labor market and a rising unemployment rate.
Source: YAHOO