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US Economy · United StatesWholesale prices rose far more than expected in July, providing a potential deterrent for the Federal Reserve to lower interest rates in September, a Bureau of Labor Statistics report Thursday showed.
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Wholesale prices rose 0.9% in July, much more than expected
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US Economy · United StatesThe likelihood of a Federal Reserve rate cut in September is now seen near 100% after new data showed US inflation increasing at a moderate pace in July and Treasury Secretary Scott Bessent said he thought an aggressive half-point cut was possible given recent weak employment numbers.See the Story
Fed cut seen near certain after inflation data, Bessent comments
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