US Wholesale Prices Drop in May, Indicating Cooling Inflation Pressures
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#f9660aca ver:0.7

US wholesale prices dropped in May, indicating cooling inflation pressures. Producer price index declined 0.2%, with gasoline prices plunging 7.1%. Core producer prices were unchanged. The Federal Reserve considers cutting interest rates, with the first rate cut likely in September. Despite lingering inflation pressures, the US economy remains resilient, with businesses hiring and unemployment low. The World Bank upgraded its forecast for US economic growth to 2.5%. Inflation eased for a second straight month, with consumer prices rising 0.2%. Core prices climbed 3.4% from a year earlier, making rate cuts more likely. #inflation #economy #interestrates...

#newstr #UsWholesalePrices #InflationPressures #ProducerPriceIndex #ConsumerInflation 

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