Producer Prices Surge, Fueling Inflation Concerns
Spokane News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
U.S. producer prices surged in January, with core prices jumping the most in over three years. Services led the increase, driven by businesses passing on import tariffs. Goods prices dipped due to lower energy and food costs. Economists now see little chance of Federal Reserve rate cuts before June. Tariff effects showed up in wholesaling margins, with the dollar weakening. Core personal consumption expenditures inflation likely rose up to half a percent last month.
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