Daily Market Updates: Wholesale prices flatten in July as inflation cools

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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.

← Newer storyWholesale prices were flat in July, missing expectations Older story →CPI shows baked foods and cereal prices rose 0.3% in July

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Sources

MarketWatchWholesale prices flatten out in July and inflation eases. A Fed rate hike is in doubt.

Bonds & Rates

Wholesale prices flatten in July as inflation cools

More like this

Sources

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