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U.S. wholesale inflation cooled last month, despite worries that President Donald Trump’s tariffs would push prices higher.
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The unchanged reading in the producer price index for final demand last month followed an upwardly revised 0.3% rise in May, the Labor Department's Bureau of Labor Statistics said on Wednesday.
US wholesale inflation was muted in June, signaling that price pressures might not be building for producers and manufacturers.
The producer price index for June was expected to increase 0.2%, according to the Dow Jones consensus estimate.
Explore June's rising CPI inflation, the Fed's likely rate stance, and market opportunities in non-cyclicals and high-margin ...
Stock futures are little changed Wednesday ahead of the release of wholesale inflation data as earnings reports from banks and other major companies stream in.
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