Thursday’s US producer price index data showed wholesale inflation cooling more than expected, with the annual pace easing to 4.7% from 5.5% in June, reducing the odds of a September rate hike to below 40%.
Thursday’s US producer price index data showed wholesale inflation cooling more than expected, with the annual pace easing to 4.7% from 5.5% in June, reducing the odds of a September rate hike to below 40%.