US Wholesale Inflation Rises in June, Challenging Fed's Rate Cut Plans
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#f9660aca ver:1.71

US wholesale inflation unexpectedly rose in June, challenging the Fed's plans for rate cuts. The Producer Price Index (PPI) increased by 0.2%, exceeding expectations. This suggests lingering inflation pressures, complicating the Fed's decision-making process. However, other indicators point to easing inflation. The unexpected rise in wholesale prices raises concerns about the trajectory of inflation and its impact on the economy. #inflation #economy #Fed...

#newstr #UsWholesaleInflation #FederalReserve #InterestRates 

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