"November Wholesale Inflation Eases, Energy Prices Fall, but Inflation Still Above Fed's Target"

Wholesale inflation in the US eased more than expected in November, according to the Labor Department's producer price index, indicating a loosening grip on the economy by high consumer prices. The index remained unchanged from the previous month, with prices up 0.9% annually, lower than predicted. Core prices, excluding food and energy, also remained unchanged for the month, down from the estimated 0.2%. These reports will have implications for the Federal Reserve, which has raised interest rates to cool the economy but may soon pivot to cutting rates given the decline in inflation.