US Wholesale Inflation Hits Highest Rate in a Year, Impacting Businesses and Halting Fed's Rate Cut Plans =============== #18b8fd65 ver:0.47 US wholesale inflation hits highest rate in a year, impacting businesses and halting Fed's rate cut plans. Producer price index (PPI) rose 0.5% in April, reaching 2.2% for the 12 months ending in April. This has affected businesses and the Federal Reserve's interest rate plans. Consumer price index (CPI) for April will provide more insight. #inflation #economy #Fed... #newstr #UsProducerPrices #Inflation #FederalReserve https://here.news/story/18b8fd65?ver=0.47