August PPI Jump Keeps Inflation Debate Hot Ahead of Fed Decision

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Source: CNBC
August PPI Jump Keeps Inflation Debate Hot Ahead of Fed Decision
Photo: CNBC
TL;DR Summary

U.S. producer prices rose 0.4% in August, lifting the annual PPI to 5.4% and driven by a 4.2% jump in energy (diesel up 24.1%), while core PPI rose 0.2%; the data keeps inflation in focus ahead of the Federal Reserve's policy decision, with futures lower and yields higher as markets price higher energy and goods costs.

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