U.S. producer inflation cooled sharply in August, reversing July's spike and fueling hopes for Federal Reserve rate cuts as Wall Street sets new record-breaking highs.
The Producer Price Index dropped 0.1% in August, marking the third monthly decline in 2025 and a sharp turnaround from July's downwardly revised 0.7% gain. Analysts had expected a 0.3% increase, making the latest reading a notable miss.
