US Producer Prices Drop in August, Signaling Potential Economic Softening
TL;DR Summary
The U.S. producer price index unexpectedly declined by 0.1% in August, signaling subdued inflation and fueling expectations of a Federal Reserve rate cut next week, with market reactions remaining muted ahead of the upcoming consumer price index report.
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- Producer Prices Fall for August, Surprising Economists The Wall Street Journal
- US wholesale prices declined unexpectedly in August Financial Times
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