U.S. wholesale prices rose 0.5% in April 2024 – exceeding expectations
2024-05-15
Wholesale prices surged unexpectedly in April, presenting another potential obstacle to any imminent cuts in interest rates. The Producer Price Index (PPI), which tracks the average trajectory of selling prices received by domestic producers for their output, increased by 0.5% in April. It also showed a 2.2% rise on aRead More →