Us Stocks Drop After Wholesale Inflation Comes In Hotter Than Expected

: Traders work on the floor of the New York Stock Exchange (NYSE) on June 01, 2023 in New York City.Spencer Platt/GettyUS stocks fell on Friday after the July Producer Price Index showed higher inflation than expected.The higher inflation report was driven by services, with prices rising 0.3% in July compared to estimates for 0.2%.Friday's PPI report comes one day after the July CPI report showed lower-than-expected consumer inflation.US stocks edged lower on Friday after the Producer Price Index showed wholesale inflation picked up 0.3% in July, ahead of estimates for a 0.2% rise.The higher-than-expected inflation report was driven by services and comes just one day after the July CPI report showed cooler-than-expected inflation.

BING NEWS:
  • Wholesale prices rise again, PPI shows, due to stubborn pockets of inflation
    U.S. wholesale prices rose a bit faster in October and suggested the battle by the Federal Reserve to reduce inflation to low prepandemic levels may go on a while.
    11/19/2024 - 8:09 am | View Link
  • Wholesale inflation heated up again last month, reversing recent progress
    US wholesale inflation picked up more than expected in October, indicating that some price pressures persist at the producer level.
    11/14/2024 - 2:04 am | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News