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PPI Hot, CPI Looms: Fed Rate Hike Odds Spike to 64% Ahead of Friday's Inflation Test | Lavamgam

Economy

Negative

PPI Hot, CPI Looms: Fed Rate Hike Odds Spike to 64% Ahead of Friday's Inflation Test

Producer inflation accelerated to 5.4% year-over-year in August, with monthly prices rising 0.4%, matching market expectations but underscoring persistent wholesale inflation pressures. Core PPI, excluding food and energy, rose a milder 0.2% monthly but still climbed to 4.6% annually, signaling that underlying price pressures remain stubbornly elevated ahead of the Fed's September 16 decision.