Wholesale price increases fell in May, the latest sign that inflation pressures in the United States may be easing as the Federal Reserve considers a timetable for cutting interest rates.
FILE - Mark Woodruff loads soybean seeds into a planter on April 22, 2024, in Sabina, Ohio. On Thursday, June 13, 2024, The labor department releases producer prices data for May. –
for a second straight month. Core consumer prices rose 0.2% from April to May, the smallest increase since October. And compared with May 2023, core prices rose 3.4%, the mildest such increase in three years. Yet combined with Wednesday’s milder consumer inflation report, Thursday’s wholesale data offered an encouraging sign that an acceleration of prices that occurred early this year may have passed.Fed said it was leaving its benchmark rate unchanged
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