Wholesale inflation sticks around as Warsh emerges as Fed chair prospect
TL;DR
Wholesale prices jumped 0.5% in December, keeping the year-over-year wholesale inflation at 3% and signaling inflation will likely stay above the Fed’s 2% target into early 2026; core prices rose 0.4% for the month, leaving the 12-month core at 3.5%. With President Trump naming Kevin Warsh as his Fed chair pick, the central bank faces the challenge of cooling inflation while keeping policy rates steady.
Topics:top-newseconomy-and-politics#donald-trump#economy-and-politics#federal-reserve#inflation#kevin-warsh#wholesale-prices
- Wholesale prices rise sharply and show new Fed chief could confront stubborn inflation MarketWatch
- US producer prices rose 0.5% in December, more than expected, on uptick in services inflation Yahoo Finance
- Gold faces more headwinds as U.S. inflation threat remains KITCO
- US Producer Prices Increased in December by More Than Forecast Bloomberg
- US producer prices accelerate in December on services Reuters
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