US Producer Prices Rise in August
U.S. producer prices increased in August driven by higher energy and goods costs. The data raises expectations for a Federal Reserve interest rate hike next week.
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Xurve View
United States producer prices rose 0.4% in August, driven by higher costs for goods and services. The advance matched economists' expectations following an upwardly revised 0.1% gain in July. The pipeline inflation data bolsters the case for an interest rate hike from the Federal Reserve next week.
