00:00It's Benzinga bringing Wall Street to Main Street.
00:02The producer price index rose 0.4% in August, matching expectations, while annual producer
00:09inflation reached 5.4%, according to CNBC. The annual rate came in 0.1 percentage point
00:16above expectations and remained well above the Federal Reserve's 2% target. Core PPI
00:22increased 0.2%, below the 0.3% forecast. Energy prices drove much of the increase,
00:28rising 4.2%, while diesel prices surged 24.1%. Goods prices climbed 1.1%, while services
00:38increased 0.1%. Treasury yields moved sharply higher after the report, and traders raised
00:44the odds of a quarter-point Fed rate hike next week to nearly 66%. Persistent inflation this
00:49year has been attributed largely to the lingering effects of tariffs and the war in the Middle
00:54East. For all things money, visit Benzinga.com.
00:58the U.S. Department of State University of California, California, California, California,
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