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US Producer Prices Rise Moderately in June, Adding to Inflation Concerns
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#f9660aca ver:1.6

US wholesale prices rose unexpectedly in June, increasing concerns about inflation. The Producer Price Index (PPI) climbed 0.2% from May to June, exceeding expectations. This suggests that inflation pressures may still be present, despite other indicators pointing to easing inflation. The rise in wholesale prices could impact the Federal Reserve's plans for interest rate cuts. However, consumer prices fell 0.1% in June, driven by lower gas prices and the cost of cars. The Fed is closely monitoring inflation trends and may consider rate cuts if inflation remains low. #inflation #economy #FederalReserve...

#newstr #UsProducerPrices #Inflation #InterestRates

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