You are here

LATEST US DATA

Producer prices record biggest drop in 11 months

July fall in PPI indicates moderation in inflation that may cause the Fed to delay an interest rate increase

Washington

US producer prices unexpectedly fell in July, recording their biggest drop in nearly a year and pointing to a further moderation in inflation that could delay a Federal Reserve interest rate increase.

Other data on Thursday showed an increase in the number of Americans

sentifi.com

Market voices on:

Powered by GET.comGetCom