US Wholesale Inflation Increases in June, Indicating Lingering Price Pressures
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#f9660aca ver:1.74

US wholesale inflation unexpectedly increased in June, with the Producer Price Index rising 0.2% from May. This suggests lingering price pressures and raises concerns about the trajectory of inflation. The higher-than-expected increase in wholesale prices could complicate the Federal Reserve's decision-making process regarding interest rate cuts. However, other indicators point to a cooling of inflationary pressures, with consumer prices falling 0.1% in June. The Fed's next policy meeting in July is expected to maintain current rates, but a rate cut is increasingly likely in September. #inflation #economy #interestrates...

#newstr #UsWholesaleInflation #PricePressures #FederalReserve #InterestRates 

 https://here.news/story/f9660aca?ver=1.74