The U.S. PPI increased by 2.4% year-on-year in October, which was 2.3% higher than the expected value, compared with the previous value of 1.8%. The U.S. core PPI increased by 3.1% year-on-year in October, which was also 3% higher than the expected value, compared with the previous value of 2.8%. Data showed that U.S. producer prices rebounded in October, reflecting uneven progress in fighting inflation. Although price pressures have largely eased this year, the recent lack of progress may prompt Fed policymakers to slow down interest rate cuts.
The U.S. PPI increased by 2.4% year-on-year in October, which was 2.3% higher than the expected value, compared with the previous value of 1.8%. The U.S. core PPI increased by 3.1% year-on-year in October, which was also 3% higher than the expected value, compared with the previous value of 2.8%. Data showed that U.S. producer prices rebounded in October, reflecting uneven progress in fighting inflation. Although price pressures have largely eased this year, the recent lack of progress may prompt Fed policymakers to slow down interest rate cuts.
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