"Surprise Drop: US Wholesale Prices Fall for Third Consecutive Month"
TL;DR Summary
US producer prices fell for the third consecutive month, with the producer price index for final demand decreasing by 0.1%, leading to increased speculation on the Federal Reserve's potential interest rate cuts. The core PPI, excluding food and energy, remained largely unchanged, while the annual core gauge rose by 1.8%, marking the smallest increase since the end of 2020.
- US Producer Prices Unexpectedly Fall for a Third Month Bloomberg
- Wholesale prices unexpectedly fell 0.1% in December in positive inflation sign CNBC
- Swiss Franc rises against US Dollar after US factory gate prices fall for third month FXStreet
- Wholesale prices fell for third straight month CBS News
- Stock Market Today: Dow loses grip on early gain as investors weigh earnings, PPI MarketWatch
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