US wholesale inflation was unchanged last month despite tariff rollout
The Producer Price Index, which measures the average change in prices paid to producers, was unchanged from May, keeping the annual rate of wholesale-level inflation at 2.3%.
Economists had expected that prices would rise 0.2% on a monthly basis and 2.5% annually, according to FactSet.
PPI serves as a potential bellwether for price changes consumers may see in the months ahead.
On Tuesday, the closely watched Consumer Price Index showed that prices moved steadily higher in June, lifted in part by more expensive goods in tariff-sensitive industries.
This is a developing story and will be updated.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
16 minutes ago
- Yahoo
Mortgage Rates Continue to Move Up
Primary Mortgage Market Survey® MCLEAN, Va., July 17, 2025 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.75%. 'The 30-year fixed-rate mortgage inched up this week and continues to stay within a narrow range under 7%. While overall affordability headwinds persist, rate stability coupled with moderately rising inventory may sway prospective buyers to act,' said Sam Khater, Freddie Mac's Chief Economist. Shop Top Mortgage Rates Your Path to Homeownership A quicker path to financial freedom Personalized rates in minutes News Facts The 30-year FRM averaged 6.75% as of July 17, 2025, up from last week when it averaged 6.72%. A year ago at this time, the 30-year FRM averaged 6.77%. The 15-year FRM averaged 5.92%, up from last week when it averaged 5.86%. A year ago at this time, the 15-year FRM averaged 6.05%. The PMMS® is focused on conventional, conforming, fully amortizing home purchase loans for borrowers who put 20% down and have excellent credit. For more information, view our Frequently Asked Questions. Freddie Mac's mission is to make home possible for families across the nation. We promote liquidity, stability and affordability in the housing market throughout all economic cycles. Since 1970, we have helped tens of millions of families buy, rent or keep their home. Learn More: Website | Consumers | X | LinkedIn | Facebook | Instagram | YouTube MEDIA CONTACT:Angela Waugaman(703)714-0644Angela_Waugaman@ A photo accompanying this announcement is available at in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16 minutes ago
- Yahoo
Ex-Fed Governor Warsh says new accord between Treasury, central bank needed
(Reuters) -Former Federal Reserve Governor Kevin Warsh, seen as a potential successor to Fed Chair Jerome Powell, said on Thursday there needs to be a new accord between the Treasury Department and U.S. central bank, referencing a 1951 pact that separated federal debt management from monetary policy. Warsh, now a fellow at Stanford University's Hoover Institution, said on CNBC that such an agreement between the two agencies could smooth the process of reducing the Fed's balance sheet by communicating intentions jointly. "If we have a new accord, and ... the Fed chair and the Treasury secretary can describe to the markets plainly and with deliberation this is our objective for the size of the Fed's balance sheet, the Treasury can say this is our issuing calendar, and by the end of, let's say, this administration we'll be at an equilibrium rate on the balance sheet, so that markets will know what is coming," he said. The original accord, struck in March 1951, ended a period when the Fed had committed to a policy of low interest rates at Treasury's request to allow for lower-cost federal borrowing to finance the war effort during World War Two. It is seen by Fed historians as a critical moment that established its practical independence from presidential administrations and laid the ground for how monetary policy would be set in the future. Warsh made his remarks at a time when President Donald Trump is demanding the Fed cut rates, in part to lower the federal government's debt service costs, which topped $1 trillion last year for the first time. Trump has said he will not pick a candidate to succeed Powell who is not on board with the president's desire for rate cuts. The Fed last cut rates in December, before Trump's return to the White House in January. Warsh, who served as a Fed governor from 2006 to 2011, said his idea would not represent a return to the pre-1951 way of operating. "That would not be working in conjunction with the administration," he said. "It would be working with Treasury on goals that the Fed thinks are important to try and pursue and how would you present that to markets, as such, will be in conjunction."
Yahoo
16 minutes ago
- Yahoo
IQM LAUNCHES POWER SEGMENTS
New solution leverages the power of proximity to influence lawmakers, their staff and their closest inner circles NEW YORK, July 17, 2025 /PRNewswire/ -- IQM Advertising Corporation, the global media buying platform that empowers advertisers in the most regulated verticals to activate first-, second- and third-party data across the programmatic ecosystem, has announced the launch of a proprietary data solution that drives highly-targeted outreach to US policy makers. These precision audience segments are designed to be leveraged in the Political Advocacy space, as well as by Public Affairs divisions across a variety of industries, like Healthcare and Pharma. Available today, Power Segments combine voter-level data with opted-in, anonymized location intelligence to build a map of influence containing the people who shape policymaker decisions and voting behavior. By precisely mapping billions of location-based movement signals against policymakers' work and home locations, these advanced audience segments reveal a network of first and second degree connections likely to sway the decisions of those in power. Power Segments are available across two tiers of connectivity - PowerSphere - which delivers the most precise targeting through a tight, exclusive circle of advisors, staffers, and close contacts who interact with public officials at work and home, and PowerOrbit - which expands upon the reach of a PowerSphere by including key second-degree connections to the closest inner circle. What advertisers get access to is refined, scalable segments that don't just reach the right audience, but the people behind the people - the ones who shape policy, set priorities and ultimately move decisions. This new product launch comes at a critical time - following an election year when advertisers have a need to connect with an audience of new staffers brought in by newly elected officials. Matthew Dybwad, IQM's Chief Revenue Officer, and longtime industry veteran will be spearheading Power Segments. Working alongside him is a trusted team of Product Managers, Data Scientists, Engineers, Product Marketers and Sellers. With this cohort of unique insights and expertise, the product promises to solve a challenge Public Affairs and Advocacy advertisers have been facing for years, which starts with successful identification of key opinion leaders. "IQM continues to think two steps ahead when it comes to the political advertising landscape and needs," said Dybwad. "We know that when it comes to influencing policy, reaching the policymaker is not enough. With Power Segments, we now have the ability to reach the people who are shaping the way legislators think and ultimately, create policy and definitive impact." Power Segments are matched and validated using IQM's advanced proprietary identity graph built around the company's diverse data sources. And, unlike other competitive solutions in-market, IQM offers an attractive CPM based pricing model, rather than requiring subscription fees or per activation charges for access to the audiences. For more information about how this product will benefit Public Affairs and Advocacy advertisers, or to inquire about Power Segments, please visit About IQMIQM is a global media buying platform that empowers advertisers in the most regulated verticals to use and enhance their data to make better ad buying decisions. Our platform allows advertisers to construct precise audience segments that align seamlessly with their desired target audience base, using their own data, top-tier third-party data sources, and IQM's proprietary AI-driven audience intelligence engine. This leads to more accurate forecasting, budgeting and targeting, as well as delivering campaigns that perform better across screens and formats. For more information, visit View original content to download multimedia: SOURCE IQM
