Wholesale inflation unexpectedly fell in August, teeing up Fed for interest rate cut next week
New York Post·2025-09-10 16:03
Wholesale prices unexpectedly fell in August as businesses ate the bulk of Trump’s tariff costs, teeing up the Federal Reserve to slash interest rates next week.The Producer Price Index, which measures final demand goods and services prices, declined 0.1% in August from the month before – significantly below estimates of a 0.3% rise, the Bureau of Labor Statistics said Wednesday. Over the past 12 months, the PPI rose 2.6% in August. 3 The Producer Price Index, which measures final demand goods and service ...