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via reuters.comEconomy

US producer prices rise further in October, largest annual gain in four years

FROM THE WIRE · REUTERS.COM

US producer prices increased further in October, leading to the largest annual gain in four years ​and supporting expectations that the Federal Reserve ‌could continue raising interest rates after next month's widely expected hike.

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishRising producer prices strengthen expectations that the Federal Reserve will keep raising rates, a key driver for equities and the dollar.AI-generated summary

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Breaking live stories come from third-party newswires via feed; headline and summary belong to the stated source. Impact analysis: UCapital AI · News Impact.

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