Wholesale prices unexpectedly declined 0.3% in June on big drop in gasoline

Wholesale inflation falls 0.3% in June, but Iran war clouds outlook

TradeStation's David Russell said "energy saved the day in June, but that might become ancient history if the Strait of Hormuz doesn’t open soon.''

LARRY KUDLOW: Has Goldilocks returned?

Once again Wall Street was surprised by a deflationary wholesale price report where the level of the so-called producer price index actually dropped by three-tenths of a percent. And it’s worth noting that after rising 1.1 percent in April, the PPI eased to 0.6 percent in May. And then the outright decline of three-tenths in June.This follows yesterday’s deflationary CPI report. Both are a welcome relief from the inflationary reports of recent m…

Are We Getting Relief From Inflation?

Source: anand purohit / Getty Are We Getting Relief From Inflation? Is the US economy finally showing signs of relief from the inflationary pressures that have been weighing on consumers and businesses alike? Economist Dr. Matt Will joined Tony Katz to break down the latest numbers and offer his insights on what they mean for the future. According to Dr. Will, the Producer Price Index (PPI) is a key indicator of inflation, and the latest numbers…

US producer prices drop 0.3%

U.S. wholesale inflation fell from May to June on plunging energy prices but intensifying hostilities with Iran are clouding the outlook. The Labor Department reported Wednesday that its producer price index — which captures inflation before it reaches consumers —…

Bitcoin climbs above $65K as weak PPI rattles Fed hawks

Bitcoin has climbed above $65,000 after softer-than-expected U.S. producer inflation reduced expectations of a Federal Reserve rate hike later this month. According to data from the U.S. Bureau of Labor Statistics, June’s Producer Price Index (PPI) added fresh momentum to…

Producer Price Inflation beyond Energy: “Core” PPI Accelerates to 4.7%, Services PPI to 4.6%. Lots of Inflation Going on in Here

The plunge in energy prices pushed down overall PPI inflation, to a still very high 5.5%. It has been zigzagging higher since mid-2023.