Wholesale prices unexpectedly fell 0.2% in May In May, the producer price index (PPI), which measures prices producers receive for goods and services, unexpectedly fell by 0.2% instead of rising by the anticipated 0.1%. This decline, driven by a significant 0.8% drop in final demand goods prices, suggests a pullback in inflation. Additionally, initial unemployment claims rose to 242,000, the highest since August 2023. Stock futures gained modestly, while Treasury yields declined following the report. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Fed's Rate Cut Expectations Delayed as US Economy Proves Robust READ MORE Core Inflation Cools for Fourth Month, Bolstering Case for Fed Rate Cut READ MORE Regional Banks Continue to Tumble READ MORE US Mortgage Rates Dip Slightly to 6.63%, Offering Hope to Homebuyers READ MORE Forbes: What To Expect From April’s CPI Report READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment