US Producer Prices Rise More Than Expected in April, Driven by Strong Services
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#18b8fd65 ver:0.49

US producer prices rose more than expected in April, driven by strong gains in services costs. The producer price index (PPI) increased by 0.5%, the largest rise since July 2023. In the 12 months through April, the PPI rose by 2.2%, impacting businesses and halting the Federal Reserve's plans to cut interest rates. The high inflation rate is a concern, and the consumer price index for April will provide further insight. #inflation #economy #PPI...

#newstr #UsProducerPrices #Inflation #FederalReserve 

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