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The monthly producer prices index data will be released today. Estimates are pointing to a slower pace of price gains which measures inflation at the factory gate.
The headline producer prices index is forecast to rise 2.0% on the year, marking a slower pace of growth from the yearly gains a month before. The Core producer prices index is also forecast to slow to a pace of 2.3%.
The declines in the producer prices come as economists expect the effects of higher fuel costs to fade.
Producer prices data lead the consumer price index data by a few months. Although PPI has been steady above the 2.0% threshold, the prospects of a decline from this level are starting to increase.
This could potentially see consumer prices turning weaker as well. Besides the global trade tensions, inflation also remains one of the key issues for Fed officials.
The FOMC will be holding its monetary policy meeting next ...
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