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The July producer price index came in at 0.3 per cent, which was a bit higher than economists’ expectation for a 0.2 per cent climb.Core PPI, which excludes food and energy, increased by 0.4 per cent, which was also higher than the 0.2 per cent expected.
Economists, particularly the Fed watchers, are keeping a close eye on the inflation measures.
As long as inflation is tame, the Federal Reserve will have flexibility to pursue more easy monetary policy.
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