US Producer Prices Rise Less than Forecast, Putting Fed Rate Hike in Doubt

US producer prices rise less than forecast, putting Fed rate hike in doubt

US core producer prices rose less than expected in August, complicating the Federal Reserve's rate decision ahead of the September 15-16 FOMC

Key Gauge of US Producer Prices Rises Less Than Forecast

The Entire Business World on a Single Page with the Web's Most Comprehensive One-Stop Finance News Hub.

Key Gauge of U.S. Producer Prices Rises Less Than Forecast

The producer price index increased 0.4% in August from July and 5.4% on a year-to-year basis, according to the U.S. Department of Labor. Excluding food and energy, the PPI rose 0.2% last month and 4.6% from a year ago. Overall goods prices rose 1.1%, while services prices were up 0.1%. The post Key Gauge of U.S. Producer Prices Rises Less Than Forecast first appeared on Recruiting Headlines.