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[Opinion] Gold Sees Renewed Bullish Momentum as Producer Inflation Poses Little Threat to Fed Rate Cuts
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Former vice president of the Dallas and New York Federal Reserve districts, Joseph Tracy, sees the central bank becoming more lenient on inflation.
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BREAKING NEWS: Producer Prices Match Expectations in September, but Fed Debate Intensifies
The Producer Price Index (PPI) for final demand rose 0.3% in September on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported Thursday. The print matched expectations, following a 0.1% decline in August and a 0.8% increase in July. Over the past 12 months, producer prices climbed 2.7%. Core PPI—which excludes volatile food, energy, and trade services—edged up 0.1% in September after a 0.3% gain in August. On an annual basi…
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