The U.S. producer price index fell unexpectedly in August, and the decline in service industry costs was the main reason
Source: Binance
Time: 2025-09-10 20:53:01
According to Jinshi data, the U.S. producer price index (PPI) fell 0.1% month-on-month in August, lower than economists' expectations of an increase of 0.3%. Service prices fell 0.2% after rebounding 0.7% in July, while commodity prices rose slightly by 0.1%.
The year-on-year growth rate of PPI fell from 3.1% in July to 2.6%. Economists had previously expected tariffs to boost consumer inflation. The Fed expects to cut interest rates by 25 basis points next Wednesday, mainly due to concerns about economic stagnation caused by weak labor markets.