Producer prices fall, bolstering argument for Fed rate cut

This story was originally published on CFO Dive. To receive daily news and insights, subscribe to our free daily CFO Dive newsletter. Dive Brief: The producer price index inched down in August despite the nudge to inflation from high U.S. tariffs, bolstering the argument for the Federal Reserve to trim the main interest rate next week for the first time this year. The PPI, which measures prices paid to producers,unexpectedly declined 0.1%, with the cost of services falling 0.2%, the Bureau of Labor Sta ...