US Wholesale Inflation Hits 6.3%, Putting the Fed on the Spot
U.S. wholesale inflation delivered a nasty surprise on Oct. 15, with September producer prices climbing 1.3% monthly and 6.3% annually, both substantially above forecasts. Energy costs led the advance, including a 20.3% monthly increase in gasoline prices. Yet despite consecutive inflation shocks, Polymarket traders still assigned a 72% probability to the Federal Reserve leaving interest […]
Key Takeaways
- wholesale inflation delivered a nasty surprise on Oct.
- 15, with September producer prices climbing 1.3% monthly and 6.3% annually, both substantially above forecasts.
- Energy costs led the advance, including a 20.3% monthly increase in gasoline prices.
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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