14 Hrs
Source:
New York Post
Wholesale inflation climbs before Fed rate move
Wholesale inflation increased by 5.4% in August, driven mainly by higher energy costs amid the Iran war, with the Producer Price Index surpassing estimates. This data influences the Federal Reserve’s decision on interest rate hikes, with upcoming inflation reports potentially prompting either a pause or a rate increase. Energy prices, particularly for diesel fuel, gasoline, and jet fuel, also contributed significantly to the inflation rise.
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