( ) -q-25- UNDATED (Correspondent Jeremy House) “1.6-percent in February.” Wholesale prices in the United States picked up again in February. [CutID: <Cuts> PRODUCER-PRICES-house-q-THUam.mp3 Time: 25s Title: PRODUCER-PRICES-house-q-THUam Out-cue: 1.6-percentn in February] TAG: Correspondent Jeremy House reporting. The figures could present a challenge for the Fed, which is counting on cooling inflation as it considers […]
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Wholesale prices picked up in February as inflation pressures remain elevated
( ) -q-25- UNDATED (Correspondent Jeremy House) “1.6-percent in February.”
Wholesale prices in the United States picked up again in February.
[CutID: <Cuts> PRODUCER-PRICES-house-q-THUam.mp3
Time: 25s
Title: PRODUCER-PRICES-house-q-THUam
Out-cue: 1.6-percentn in February]
TAG: Correspondent Jeremy House reporting. The figures could present a challenge for the Fed, which is counting on cooling inflation as it considers when to cut its benchmark interest rate, now at a 23-year high.
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VERBATIM: It’s the latest sign that inflation pressures remain elevated and might not cool in the coming months as fast as the Federal Reserve or the Biden administration would like. The government’s producer price index rose 0.6% from January to February. That’s up from a 0.3% rise the previous month. Measured year over year, producer prices rose by 1.6% in February.