The Labor Department’s August Producer Price Index shows a 0.2% increase in wholesale prices, meeting expectations, but core wholesale prices rose 0.3%, reversing a previous decrease.
Read More Core Wholesale Prices Rise in August; Fed Rate Cut Still Expected
The producer price index released today shows a surge in wholesale prices, the highest in a year according to the Bureau of Labor Statistics, sparking concerns about inflationary pressures and broader implications.
Read More Wholesale Prices Surge, Sparking Inflation Concerns
NFIB said its Small Business Optimism Index fell 0.9 point to 88.5 last month, the lowest level since December 2012.
Read More US small-business sentiment slides to lowest level in more than 11 years
Inflation on the wholesale side rose twice as much as expected to 0.6% in February. The Labor Department’s report also shows PPI over the last 12 months ending in February hit 1.6%.
Read More Wholesale Inflation Soars in February: Wealth Advisor Weighs In