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Wholesale prices flatten in July as inflation cools

Reported · Written up by our desk · Inflation

Wholesale inflation eased after July data showed wholesale prices flattening out, a development that can shift expectations for the Federal Reserve’s next move.

MarketWatch notes that the latest inflation readings could reduce the case for additional borrowing-cost hikes by the central bank.

With inflation momentum appearing weaker, the pricing of a Fed rate increase is less certain than before, according to the report.

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