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via rttnews.comEconomy

US producer prices rise 0.3% in October, slightly below expectations

FROM THE WIRE · RTTNEWS.COM

A report released by the Labor Department on Friday showed producer prices in the U.S. increased by slightly less than expected in the month of October. The Labor Department said its producer price index for final demand rose by 0.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralThe producer price data is relevant but close to expectations, with limited effect.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The Labor Department released the data on Friday.
  2. 02The producer price index for final demand rose about 0.3%.
  3. 03The increase was slightly below expectations.

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