OAN’s&nbsp;<a href="https://www.oann.com/tag/alicia-summers">Alicia Summers</a> 12:16 PM – Friday, September 13, 2024
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. Core prices have increased 3.3% over the past year, well above the Fed’s target. Rising food, energy, and shelter costs remain a concern. The Fed is expected to cut interest rates by at least a quarter percent next week. Octavio Marenzi, CEO of Opimas discuss whether inflation is under control or if underlying issues persist, particularly with high shelter and rent prices possibly linked to increased demand from illegal immigration.
<figure class="wp-block-video"><video autoplay="" controls="" loop="" poster="https://www.oann.com/wp-content/uploads/2022/04/vid-poster-image.jpg" src="https://d1cc0p6j4uj4n9.cloudfront.net/9c24229c-7a86-4685-af93-3be8d95c9103/mp4/27fb9144-bc6e-44ff-8498-541f3e08e5eb_Mp4_Avc_Aac_16x9_1280x720p_30Hz_3.5Mbps_qvbr.mp4" width="100%" height="auto"></video></figure>

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. 
{ai:summary}In August, core wholesale prices rose by 0.3%, while overall wholesale prices increased by 0.2%. Year-over-year, core prices are up 3.3%, exceeding the Federal Reserve's target, with rising costs in food, energy, and shelter noted as significant concerns.The Fed is anticipated to lower interest rates by at least a quarter percent in the coming week amid discussions about inflation and its connections to the housing market and immigration. #economy

Core Wholesale Prices Rise in August; Fed Rate Cut Still Expected

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