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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
Add BT as a preferred sourcePublished Thu, Aug 10, 2017 · 09:50 PM
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 filing for unemployment benefits last week. The trend in weekly jobless claims, however, remained consistent with a tightening labour market.
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