Finance
Wholesale Inflation Cooled in July. Gas Prices Are the Next Test
Producer prices were flat in July and annual wholesale inflation slowed, giving the Fed room to wait. A gasoline rebound could quickly complicate that relief.
Producer prices were flat in July and annual wholesale inflation slowed, giving the Fed room to wait. A gasoline rebound could quickly complicate that relief.
July inflation offered households and markets some relief. The harder question is whether housing, energy and wages will allow that improvement to last.