Headline Details

U.S. producer prices unexpectedly rise; Fed rate cut still expected

Published on: Wed, 11 Sep 2019 13:07:40 UTC
News Agency: Reuters
Description:
U.S. producer prices unexpectedly rose in August and underlying producer inflation rebounded, but the data on Wednesday did not change financial market expectations that the Federal Reserve will cut interest rates again next week to support a slowing economy.

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