BREAKING: PPI inflation lighter than expected, rate hike odds tanking for September
Producer Price Index for final demand fell 0.3 percent in June. Goods prices dropped 1.4 percent while services prices rose 0.2 percent. This marks the weakest monthly reading in ten months. Annual PPI increased 5.5 percent for the 12 months ended in June. Core measures excluding food and energy also showed moderation. Data suggests cooling …