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U.S. Producer Prices Rise 5.4%, Raising Fed Rate Hike Bets

U.S. Producer Prices Rise 5.4%, Raising Fed Rate Hike Bets

U.S. producer inflation accelerated in August, with prices for final demand rising 0.4% from July and 5.4% over the previous 12 months, according to the Bureau of Labor Statistics. The report increased market expectations for a Federal Reserve rate hike at the central bank’s September 15–16 meeting, placing greater attention

U.S. Producer Prices Rise 5.4%, Raising Fed Rate Hike Bets

U.S. Producer Prices Rise 5.4%, Raising Fed Rate Hike Bets

U.S. producer inflation accelerated in August, with prices for final demand rising 0.4% from July and 5.4% over the previous 12 months, according to the Bureau of Labor Statistics. The report increased market expectations for a Federal Reserve rate hike at the central bank’s September 15–16 meeting, placing greater attention

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U.S. Adds 115,000 Jobs as Unemployment Holds

U.S. Adds 115,000 Jobs as Unemployment Holds

U.S. labor market data released showed employers continued hiring during April, with payroll growth exceeding economist expectations while the national unemployment rate remained unchanged at