Market News

Producer Prices and Retail Sales Show Modest Growth as Fed Considers Next Policy Move –

Considers, Fed, Growth,, Modest, Move, Policy, Prices, Producer, Retail, Sales, Show

SEO Friendly News Article

Producer prices and retail sales inch higher as Fed weighs next policy decision

Producer prices and retail sales — U.S. producer prices rose by more than anticipated in August, while retail sales unexpectedly edged higher, suggesting a mixed picture of sticky inflation and resilient consumer activity heading into next week’s key Federal Reserve interest rate decision.

Producer Prices Index (PPI)

  • On a monthly basis, the Producer Prices Index (PPI) accelerated to 0.7% from an upwardly revised mark of 0.4% in July.
  • Economists had expected a PPI reading of 0.4%.
  • The PPI rate of 1.6% was faster than projections of 1.2% and far above the prior month’s level of 0.8%.

Retail Sales

  • Retail sales increased by 0.6% month-on-month from a downwardly revised 0.5% in July.
  • The figure was estimated to slow to 0.2%.

Leave a Comment