US PPI Cools More Than Expected, Easing Pressure on Fed

US wholesale inflation decelerated in July by more than estimated as energy and food costs fell, likely giving the Federal Reserve more time to assess price pressures at upcoming meetings. Initial jobless claims rose by 9,000 in the week ending August 9.

Source: Bloomberg Markets and Finance

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Category General

Source Bloomberg Markets and Finance

Published 1 month ago

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News ID #6,222

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