U.S. producer prices fall in May, bolstering speculation of Fed rate hike pause
People shop at a supermarket in Manhattan WASHINGTON (Reuters) – U.S. producer prices fell more sharply than expected in May, bolstering speculation that the Federal Reserve will pause in rate hikes on Wednesday. The producer price index (PPI) for final demand fell 0.3% last month, helped by falling energy costs, after rising 0.2% in April, … Read more