US wholesale prices declined unexpectedly in August
Figure comes despite Trump tariffs and keeps Fed on track for rate cut
Figure comes despite Trump tariffs and keeps Fed on track for rate cut

Rise in Producer Price Index in July was the highest since February

Figure paves way for expected Federal Reserve rate cut next week

Weakness also attributed to temporary ‘drags’ including wet weather in country’s east

Trade war fuels price pressures ahead of Federal Reserve meeting next week

US President Donald Trump announces levies on dozens of countries and formalises some trade deals

The Fed was right to cut rates given the downside risks to employment