🔥 US PPI Rises 0.4% Inflation Pressure Returns
U.S. PPI increased 0.4% in August, matching expectations, while annual producer inflation accelerated to 5.4% from 4.8%. Energy prices surged 4.2%, driving much of the monthly increase.
The hotter annual reading keeps inflation concerns elevated ahead of the Fed meeting.
For forex traders, this may support the USD and create volatility across major pairs.
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