US Producer Prices and Retail Sales Rise
United States producer prices recorded their largest jump in years during September driven by rising energy costs while retail sales also beat expectations. The data points to broadening inflation pressures that may influence upcoming Federal Reserve policy decisions.
Xurve View
Insights:
Xurve View
United States producer prices posted their largest gain in 4-1/2 years during September, driven by rising costs for goods and services. The surge points to broader inflation pressures extending well beyond energy markets. Economists said the data could prompt the Federal Reserve to raise interest rates as soon as October.
