US Inflation and Wholesale Prices Show Signs of Cooling
Recent reports indicate that U.S. inflation gauges have shown a notable decline in September, with the Producer Price Index (PPI) remaining unchanged amid a drop in gasoline costs. The annual PPI inflation edged down to 1.8%, slightly below expectations of 1.6%. Wholesale prices also flattened out, signaling low inflation within the core of the economy. While overall inflation pressures appear to be slowing, stock markets experienced mixed reactions, with indices like the Dow Jones rising after the inflation data release, while Tesla saw a drop following its Robotaxi event.
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