Reported 2 days ago
Wholesale prices in November rose unexpectedly, with the Producer Price Index (PPI) showing a 3% year-over-year increase, surpassing forecasts. This marks the highest inflation rate since February 2023, driven by persistent price pressures. Core prices also rose, complicating predictions for Federal Reserve rate cuts, as inflation remains stubbornly elevated, prompting a reassessment of future monetary policy.
Source: YAHOO