Inflation Surprise: March Producer Prices Cool Down, Defying Wall Street Fears

the staff of the Ridgewood blog

WASHINGTON, D.C. — In a surprising turn for the U.S. economy, wholesale inflation slowed more than expected last month. While Wall Street was bracing for a massive spike driven by geopolitical tensions, the latest data from the U.S. Bureau of Labor Statistics (BLS) suggests that price pressures may be losing their steam.

Continue reading Inflation: March Producer Prices Rise Less Than Expected, Giving Relief to Markets