Wholesale Prices Up 0.2% in October, Aligning With Market Forecasts

Benzinga 2024-11-15

Views 15

Wholesale prices rose in October, increasing 0.2% month-over-month, slightly above September's 0.1% rise and aligning with market forecasts. Price increases are moderating overall, with inflation driven by specific, isolated factors despite being above the Fed's 2% goal. Stock futures reacted minimally, showing a mixed opening, while Treasury yields remained higher. Traders widely anticipate another rate cut from the Fed at the December meeting, following cuts in September and November.

Share This Video


Download

  
Report form