WASHINGTON (Reuters) -U.S. producer prices unexpectedly fell in August, pulled down by by a decline in the costs of services. The producer price index for final demand dipped 0.1% after a downwardly revised 0.7% jump in July, the Labor Department's Bureau of Labor Statistics said on Wednesday. Economists polled by Reuters had forecast the PPI advancing 0.3% after a previously...

WASHINGTON (Reuters) -U.S. President Donald Trump on Wednesday reiterated his call for Federal Reserve Chairman Jerome Powell to cut benchmark interest rates. Just out: No Inflation!!! Too Late must lower the RATE, BIG, right now. Powell is a total disaster, who doesn't have a clue!!!, Trump said in a post on Truth Social. The post follows federal government data that...

WASHINGTON (Reuters) -U.S. producer prices unexpectedly fell in August, pulled down by by a decline in the costs of services. The producer price index for final demand dipped 0.1% after a downwardly revised 0.7% jump in July, the Labor Department's Bureau of Labor Statistics said on Wednesday. Economists polled by Reuters had forecast the PPI advancing 0.3% after a previously...

(Corrects in paragraph 1 that rate cuts seen starting next week, not this week) (Reuters) - The Federal Reserve is likely to start a series of interest-rate cuts next week and keep going through the end of the year, traders bet on Wednesday after tamer-than-expected producer price inflation last month calmed worries that price pressures would hold the central bank...