All articles tagged with #us producer prices
Originally Published 4 months ago — by Bloomberg.com
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.
Originally Published 5 months ago — by Yahoo Finance
US producer prices remained flat in June due to offsetting factors: tariffs increased costs for goods like communication equipment, while demand for travel services softened. This suggests that tariff-driven inflation may not lead to broad-based price pressures, potentially allowing the Federal Reserve to pause interest rate hikes. Despite inflation concerns, the Fed is expected to keep rates steady in July, amid political pressure and economic data indicating mixed signals on inflation and demand.
Originally Published 1 year ago — by Reuters
US producer prices rose 0.3% in January, with a 0.9% year-on-year increase, driven by strong gains in service costs such as hospital outpatient care and portfolio management, raising concerns about inflation. Single-family housing starts dropped 4.7% due to harsh weather, but permits for future construction rose 1.6%. Financial markets are adjusting expectations for Federal Reserve interest rate cuts as the Fed continues to monitor inflation.
Originally Published 2 years ago — by Reuters
US producer prices remained unchanged in November, primarily due to cheaper energy goods, while underlying inflation pressures at the factory gate remained muted. The report from the Labor Department suggests that overall inflation is likely to continue subsiding, potentially allowing the Federal Reserve to cut interest rates next year. The Fed held rates steady on Wednesday and signaled that the tightening of monetary policy over the past two years is coming to an end. The producer price index for final demand in November was unchanged, following a 0.4% drop in October.
Originally Published 2 years ago — by Yahoo Finance
US producer prices rose more than expected in September due to higher costs for energy products and food, while underlying inflation pressures at the factory gate continued to ease. The producer price index for final demand increased by 0.5% last month, exceeding economists' expectations. However, the narrower measure of PPI, which excludes food, energy, and trade services, only rose by 0.2%. While core inflation is cooling, higher gasoline and food prices could hinder progress and raise the cost of other goods, potentially leading to increased inflation expectations. The Federal Reserve is closely monitoring these developments as it considers future interest rate decisions.
Originally Published 2 years ago — by Reuters
US producer prices rose only 0.1% in June, with the annual increase in producer inflation being the smallest in nearly three years, indicating a period of disinflation in the economy. This comes as weekly jobless claims fell by 12,000 to 237,000, suggesting a tight labor market. The softer inflation readings are expected to push the Federal Reserve closer to ending its monetary policy tightening campaign.