US Wholesale Prices Rise 0.4% in August; Core Details Firmer — SkimNews
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- US wholesale prices rose 0.4% in August, matching market expectations
- Producer price index details came in firmer than the headline figure, signaling hotter underlying inflation
Why it matters: Firmer-than-expected PPI internals, layered on $100 oil, reinforce the stubborn-inflation narrative and could keep the Federal Reserve cautious about cutting rates, with bond yields already pushing higher in response.
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