U.S. wholesale prices surged 4% last month during the Iran war
PBS
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The surge in prices complicates the work of the inflation fighters at the Federal Reserve, who have faced intense pressure from President Donald Trump to lower their benchmark interest rate.
But some Fed policymakers are inclined to raise rates instead, as higher energy costs increase the inflation threat.
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US wholesale inflation data: Producer prices rise 4% as Iran war fuels energy surge, Fed faces policy dilemma
Times Of India —
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Producer-Price Index Climbed in March
Wall Street Journal —
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Wholesale prices rose 0.5% in March, much less than expected despite war impact
CNBC —
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US wholesale prices surged 4% last month as the Iran war sent energy prices soaring
The Independent —
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Iran war ignites prices at the wholesale level in the US
AP News —