Reported 1 day ago
US wholesale inflation increased by 0.1% in May, raising the annual rate to 2.6%, driven by higher goods prices but tempered by muted tariff impacts. Despite expectations for a larger increase, economists suggest that the overall pressures from tariffs may not yet fully reflect in prices. Core PPI saw a slight rise of 0.1%, and while durable consumer goods prices rose by 0.4%, analysts caution against overinterpreting the data due to volatility and potential future revisions. The Federal Reserve faces challenges, but is expected to maintain current rates in the near term.
Source: YAHOO