Inflation Cools: Producer Prices Surprise in August

Inflation Relief? New data reveals wholesale prices unexpectedly DROPPED in August, hinting that businesses are absorbing costs instead of passing them on to consumers. While core prices still show some pressure, the overall report boosts hopes for a Federal Reserve interest rate cut, sending stocks up and Treasury yields down. Is this a turning point, or just a temporary dip? All eyes are on upcoming consumer price data. Hosted on Acast. See acast.com/privacy for more information.