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July Saw Producer Prices Drop More Than In Past Eleven Months

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Wochit

U.S. producer prices unexpectedly fell in July, recording their biggest drop in nearly a year.
According to Reuters, it points to a further moderation in inflation that could delay an increase in the interest rate by the Federal Reserve.
The number of Americans filing for unemployment benefits rose last week, but the labor market still appears to be tightening.

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