·Confidence 85%·Breaking
US Producer Prices Rise, Increasing Rate-Hike Odds to 75%
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Key takeaways
- US producer prices increased by 0.4% in August, driven by rising fuel costs, leading to a 75% chance of a rate hike next week ahead of CPI data.
Analysis
US producer prices increased by 0.4% in August, driven by rising fuel costs, leading to a 75% chance of a rate hike next week ahead of CPI data.
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