Prospect of FED rate cuts Dims
the staff of the Ridgewood blog
Ridgewood NJ, the Producer Price Index (PPI) for final demand increased 0.4% in January 2025, according to the latest report from the U.S. Bureau of Labor Statistics (BLS). This follows a 0.5% rise in December 2024 and a 0.2% increase in November, highlighting continued inflationary pressures across various sectors.
Key Takeaways from the January PPI Report
- Overall Increase: The PPI for final demand rose 3.5% year-over-year through January 2025, reflecting persistent cost pressures in the economy.
- Service Sector Growth: Prices for final demand services climbed 0.3% in January, contributing significantly to the overall index rise.
- Higher Goods Prices: The final demand goods index saw a 0.6% increase, indicating rising costs for manufacturers and suppliers.
- Core PPI: Excluding food, energy, and trade services, the core PPI rose 0.3% in January, following a 0.4% increase in December. Over the past year, core producer prices advanced 3.4%.
What This Means for Businesses and Consumers
The steady rise in producer prices suggests that businesses may continue passing on higher costs to consumers, keeping inflation elevated in the coming months. Economists and policymakers will closely monitor these trends as they assess the Federal Reserve’s next steps on interest rates.
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All of these negative numbers are because of the Biden administration!
It really goes back to Obama.
Try Wilson.
another democrat bigot from new jersey
Wait till Mr. Trump hears about this. It should be an easy fix.
Hahaha when inflation hit early in the Biden term it wasn’t Trump, it was Biden. And now it’s not Trump, it’s Biden. Get your heads out of your asses and make up your minds.
don’t quit your day job
No, their minds are totally made up. Whatever it is, it’s not Trump. And if god wanted them to keep their heads out of their asses, he wouldn’t have made them fit up there.
Hahaha, where was your head at when you voted for Biden?
Where? Neverland. The same place where your reading comprehension skills exist.