( ) -q-26- UNDATED (Correspondent Jeremy House) “two-percent inflation target.” Wholesale price increases in the United States eased in July. [CutID: <Cuts> PPI-house-q-TUEam.mp3 Time: 26s Title: PPI-house-q-TUEam Out-cue: ] TAG: Correspondent Jeremy House reporting. The latest figure suggests that inflation pressures are further cooling as the Federal Reserve moves closer to cutting interest rates, likely […]
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US wholesale inflation cooled in July in sign of easing price pressures
( ) -q-26- UNDATED (Correspondent Jeremy House) “two-percent inflation target.”
Wholesale price increases in the United States eased in July.
[CutID: <Cuts> PPI-house-q-TUEam.mp3
Time: 26s
Title: PPI-house-q-TUEam
Out-cue: ]
TAG: Correspondent Jeremy House reporting. The latest figure suggests that inflation pressures are further cooling as the Federal Reserve moves closer to cutting interest rates, likely beginning next month.
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VERBATIM: The Labor Department reports its producer price index rose 0.1% from June to July and 2.2% from a year earlier. Excluding food and energy prices, so-called core wholesale prices were unchanged from June and up 2.4% from July 2023. The increases were milder than forecasters had expected and were nearly consistent with the Fed’s 2% inflation target.