The Producer Price Index, or PPI, increased 0.2% M/M in October, matching the consensus and picking up from +0.1% in ...
US wholesale inflation picked up more than expected in October, indicating that some price pressures persist at the producer level.
While the current pace of rising prices appears to have leveled off, the expected path of rate cuts has become less certain.
Sharp rise in vegetable prices drives headline inflation to 14-month high of 6.2%, impacting MPC's rate review decisions.
The Dow Jones Industrial Average rose Wednesday after the CPI inflation report. Cava stock soared on earnings.
"And this is with inflation coming down markedly," said Quincy Krosby, chief global strategist at LPL Financial, in an interview with MarketWatch. The problem for the average consumer, however, is ...