Producer Prices Surge, Inflation Expectations Rise
US News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
U.S. producer prices surge unexpectedly in February, driven by services, with a 0.7% gain, beating forecasts of 0.3%. The war in the Middle East further boosts oil prices, adding pressure to March reports. The Fed holds rates steady, but new projections suggest higher inflation estimates, with core PCE measures remaining stubbornly above the 2% goal.
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