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Thursday, February 16, 2023

Fundamental: US Producer Prices Exceed Forecast in Biggest Gain Since June

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Alert Alert Feb 16, 2023, 10:19pm
 
Fundamental: US Producer Prices Exceed Forecast in Biggest Gain Since June
US producer prices rebounded in January by more than expected, underscoring persistent inflationary pressures that could push the Federal Reserve to pursue further interest-rate increases in the months ahead. The producer price index for final demand jumped 0.7% last month, the most since June and bolstered by higher energy costs, according to data out ...
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