U.S. PRODUCER INFLATION COMES IN FLAT U.S. producer prices were unchanged in July, below expectations for a 0.2% increase, after falling 0.…
U.S. PRODUCER INFLATION COMES IN FLAT
U.S. producer prices were unchanged in July, below expectations for a 0.2% increase, after falling 0.1% in June.
Lower energy prices helped contain wholesale inflation.
Combined with softer consumer inflation, the report may ease pressure on the Fed to adjust rates soon.
Attention now turns to the PCE inflation report later in August, the Fed’s preferred measure for tracking progress toward its 2% target.