US Wholesale Prices Drop in May, Adding to Evidence of Cooling Inflation Pressures
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#f9660aca ver:0.71

US wholesale prices dropped in May, indicating cooling inflation pressures. Gasoline prices plunged 7.1%, contributing to the biggest drop in producer prices since October. Despite lingering inflation pressures, the US economy remains resilient, with businesses hiring and unemployment remaining low. The World Bank upgraded its forecast for US economic growth this year to 2.5%. The trend could move the Federal Reserve closer to cutting interest rates, with two cuts likely to occur, starting in September. #inflation #economy #interestrates #US...

#newstr #UsWholesalePrices #Inflation #LaborDepartment #ProducerPriceIndex #Ppi #ConsumerPrices #FederalReserve 

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