US producer prices rose 0.3% mom in October, slowing sharply from an upwardly revised 1.4% in September and coming in below market expectations of 0.4%, according to the Bureau of Labor Statistics. September’s increase was revised up from 1.3%. Despite the monthly moderation, annual PPI inflation accelerated from 6.3% to 6.5%, slightly below expectations of […]
The post US PPI Slows Sharply to 0.3%, but Underlying Price Pressures Stay Firm appeared first on ActionForex.
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