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Wholesale declined in August, beating expectations.
Inflation data:
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PPI: -0.1% decrease month over month
Expected: 0.3% increase month over month
PPI Core: -0.1% decrease month over month
Expected: 0.3% month over month
Wholesale prices surprisingly fell slightly in August, providing breathing room for the Federal Reserve to approve an interest rate cut at its meeting this month, according to a Bureau of Labor Statistics report Wednesday.
The producer price index, which measures input costs across a broad array of goods and services, fell 0.1% for the month, after a sharp increase in July and well off the Dow Jones estimate for a 0.3% increase.
Core
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