Wholesale price growth cooled off significantly in December, the Bureau of Labor Statistics reported Wednesday, indicating that the Federal Reserve’s aggressive interest rate hikes may finally be bringing price pressures under control. The Producer Price Index — a key inflation metric that measures prices paid for goods and services by businesses before they reach consumers — rose 6.2% in December compared to a year earlier. That’s way down from the revised 7.3% gain reported for November.
Excluding the often-volatile prices for food and energy, core PPI rose 5.5% over the year ending in December, and 0.1% compared to November. Those were both slower increases than those in the prior month. This is all good news for the Fed, which at its most recent rate-setting meeting reported seeing signs of slowing inflation.
Just like it took months for the stimulus checks to bring us inflation, so will the interest cuts. I believe a recession is coming if the Federal Reserve doesn't slow down.
Lol.
Please help me! My name is Lin donglong, an employee of China telecom fuzhou branch. Company manager huang fei (communist party of China) organized the leadership of the gang of evil forces brutal persecution: surveillance location, insult,abuse, framed to take nude photos of me
Hunter Biden was driving his father's Corvette in 2017 when classified documents were sitting next to the car. He also had children in the garage and who else? The documents were not secured.
How can it be justified to lock up Walshe or anyone for heinous crimes when Trump is not only free but running for President again so he can become dictator of America and Santos is still in Congress?
Why can't CNN talk about biden Classified Documents Hypocrite's
Breaking news, Fentanyl deaths up 23% Thanks to Joe and his Ho!
BREAKING: Feds failed to use a “302” summary form of their interview with Biden’s attorneys who found the classified documents. We are witnessing a cover up.
Microsoft, Amazon and other tech companies have laid off more than 60,000 employees in the last year
COVER UP: DOJ Decided Against Having FBI Agents Monitor Search by Biden’s Personal Lawyers For Classified Documents
Hey FAKENEWS how are you doing today ?
BREAKING:🚨Hunter’s $49,910 monthly rent matches a deposit at the House of Sweden related to his venture with CEFC China Energy Co. The $49,910 amount also matches the money he claimed to pay in rent while living at Joe Biden’s Delaware home, found on a 2018 background check.
Lol. These guys are full of it. Look at Eggs Coffee. You need more
Well you try to give the feds credit but we all know they had very little with it. All they are doing is punishing the poor, while it’s the rich that put us in this place to begin with.
You’re joking right Better get with a 8th grade economics class and ask for the answer… Non wonder CNN cantafford the Atlanta office..
The vile Japanese devils are deceiving Biden . Japanese devils are dumping US Treasuries in large quantities through cross-border companies. The Japanese devils are shorting the US economy and destroying it.
Because more and more cannot afford to buy. Prices go down. Your suggestion is a half truth. Now where is your research on how the government spending is making the federal reserve angry?
👍👍👍
Wholesale inflation in US slowed further in December to 6.2%.
Federal Reserve's aggressive interest hikes may finally be bringing rising prices under control .
It’s called creating a recession.
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