Wholesale prices rose 0.2% in June, slightly hotter than expected

Category: Finance

The producer price index rose more than expected in June, indicating a potential delay in interest rate cuts by the Federal Reserve. The PPI is a gauge of prices that producers can get for their goods and services in the open market. The hotter-than-expected PPI reading contrasts recent data showing declining inflation.

Keywords: Producer Price Index, Federal Reserve, Inflation, Interest Rates

Source: CNBC

Update At: 7/12/2024

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