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NewsBreak: U.S. Producer Prices Fall the Most in 8 Months in Sept

Published 10/08/2019, 08:22 AM
Updated 10/08/2019, 08:40 AM
© Reuters.
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Investing.com -- U.S. producer prices fell by the most in eight months in September, in further evidence of the slowdown hitting manufacturers across the country - and further afield. The data add to pressure on the Federal Reserve to cut interest rates again, in as much as producer prices are often a leading indicator of trends in consumer prices.

  • Producer prices fell by 0.3% on the month, the biggest drop since January. They haven't fallen by more since 2016.

  • The annual PPI fell to 1.4% from 1.8%, the lowest since December 2016 and below expectations for an unchanged reading.

  • EUR/USD at $1.0991 vs $1.0984 before the news.

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