US Wholesale Inflation Hits 6.3%, Putting the Fed on the Spot

U.S. wholesale inflation delivered a nasty surprise on Oct. 15, with September producer prices climbing 1.3% monthly and 6.3% annually, both substantially above forecasts. Energy costs led the advance, including a 20.3% monthly increase in gasoline prices. Yet despite consecutive inflation shocks, Polymarket traders still assigned a 72% probability to the Federal Reserve leaving interest rates unchanged in October. America’s inflation headache just gained another complication . U.S. producer prices climbed 6.3% annually in September, with wholesale costs jumping 1.3% in a single month—the sharpest monthly increase since March 2022. The Oct.

Source: Bitcoin.com News