Fed Rate Cuts Expected Despite PPI Increase
June Producer Prices Surpass Expectations Amid Rising Service Costs Rising service costs caused U.S. producer prices in June to rise somewhat more than expected. After unchanged in May, the producer price index (PPI) for final demand climbed 0.2% last month. Forecasts by economists for a 0.1% rise The PPI increased by 2.6% in June, the biggest year-on-year increase since March 2023. Much of this increase in service prices—especially a 1.9% rise in trade services margins&mdas
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