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Benzinga
Benzinga
Business
Piero Cingari

Producer Inflation Stays Hot, But Consumer Pullback Adds To Fed Cut Debate

US Federal Reserve Inflation United States
inflation ppi ai

Producer inflation jumped back into positive territory in September due to a robust increase in energy prices, while U.S. consumers showed signs of spending fatigue as retail sales growth came in weaker than expected, bolstering expectations for a Fed interest-rate cut next month.

The Producer Price Index (PPI) rose 0.3% month-over-month, matching economists' expectations and reversing August's 0.1% decline, according to a delayed release from the Bureau of Labor Statistics on Tuesday.

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