US Producer Prices Fall Unexpectedly, Boosting Market Outlook
TL;DR Summary
US wholesale inflation unexpectedly declined in August for the first time in four months, suggesting companies are holding back on price increases despite tariffs, which may influence the Federal Reserve's decision to cut interest rates next week amid economic uncertainty.
- US Producer Prices Unexpectedly Drop, First Decline Since April Bloomberg.com
- 5 takeaways from the producer price inflation report with another key reading on tap CNBC
- Inflation for US producers cooled down in August CNN
- US supply chain prices unexpectedly fell 0.1% in August AP News
- S&P 500, Nasdaq set to open higher on inflation data boost; Oracle soars Reuters
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