US wholesale prices rise at fastest annual pace since April 2023
WASHINGTON, D.C.: US wholesale prices rose at their fastest annual rate in almost a year last month, according to fresh US government data published on Thursday, on a rise in the cost for services. The increase in the prices paid by producers is likely to weigh on the US Federal Reserve, which is grappling with […]
Tomas Kauer - News Moderator 
WASHINGTON, D.C.: US wholesale prices rose at their fastest annual rate in almost a year last month, according to fresh US government data published on Thursday, on a rise in the cost for services.
The increase in the prices paid by producers is likely to weigh on the US Federal Reserve, which is grappling with an uptick in inflation in 2024 that threatens to undermine its largely successful battle against rising prices by hiking interest rates.
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