July producer prices rose by 2.2% on an annual basis, just a little under the 2.3% expected in the Bloomberg consensus. On a monthly basis, prices rose 0.1% while 0.2% was expected. This shows once again that inflation is on the right track and that Fed rate cuts should be on the menu next month. Fu…
© MarketScreener.com 2024
© MarketScreener.com 2024