Dollar Rises as Wholesale Inflation Data Supports Fed Rate Cut Bets
The US dollar strengthened following the release of producer price index data showing wholesale inflation rose 0.4% in August, matching expectations. The figures reinforced market speculation that the Federal Reserve may proceed with interest rate cuts.
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Dollar Has Best Day in Two Weeks as PPI, Oil Add to Fed Bets
The dollar jumped after a US producer price report suggested inflationary pressures are increasing and oil prices rose, with both adding to expectations that the Federal Reserve will raise rates this year.
By Anya Andrianova
Read full article →Wholesale prices rose 0.4% in August, as expected
The producer price index was expected to rise 0.4% in August, according to the Dow Jones consensus forecast.
Read full article →U.S. wholesale prices climbs to 5.4% in August, pointing to sticky inflation
Prices have shown some signs of easing in recent months but remain high, frustrating consumers
By Christopher Rugaber
Read full article →Wholesale Inflation Rose 0.4% as Expected in August - Barron's
Wholesale Inflation Rose 0.4% as Expected in August Barron's
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