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International Business Times
International Business Times
Business
Terry Massey

Wholesale Prices Clear The Way For Fed Rate Cuts

US Federal Reserve the Federal Reserve Chris Larkin Economy Inflation Interest Rates United States

The U.S. economy appears to have cleared the final hurdle for the Federal Reserve to start reducing interest rates next week with Thursday's data showing wholesale prices on target with projections.

The producer price index (PPI) rose by 0.2% in August, according to the latest data from the Bureau of Labor Statistics, in line with the expectations of Dow Jones analysts. Core PPI, excluding food and energy costs, rose by 0.3%, slightly higher than projections.

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