CONNECT WITH US
Web3 & Blockchain

Web3 & Blockchain

US Wholesale Inflation Hits 6.3%, Putting the Fed on the Spot

Bitcoin News logo

Published on

Add as a preferred source on Google
US Wholesale Inflation Hits 6.3%, Putting the Fed on the Spot

U.S. wholesale inflation delivered a nasty surprise on Oct. 15, with September producer prices climbing 1.3% monthly and 6.3% annually, both substantially above forecasts. Energy costs led the advance, including a 20.3% monthly increase in gasoline prices. Yet despite consecutive inflation shocks, Polymarket traders still assigned a 72% probability to the Federal Reserve leaving interest […]



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.