Reported 2 months ago
Wholesale price increases in the United States slowed down in July, with a 0.1% rise from June, indicating diminishing inflation pressures. This drop supports expectations that the Federal Reserve may soon reduce interest rates. July also marked the smallest year-over-year increase in prices since March, with a rise of 2.2%. The report suggests a broad decrease in price increases from a peak in mid-2022, aligning more closely with the Fed’s 2% inflation target.
Source: YAHOO