Wholesale prices rose in October, increasing 0.2% month-over-month, slightly above September's 0.1% rise and aligning with market forecasts. Price increases are moderating overall, with inflation driven by specific, isolated factors despite being above the Fed's 2% goal. Stock futures reacted minimally, showing a mixed opening, while Treasury yields remained higher. Traders widely anticipate another rate cut from the Fed at the December meeting, following cuts in September and November.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Wholesale prices rose in October, increasing 0.2% month over month,
00:06slightly above September's 0.1% rise, and aligning with market forecasts.
00:11Price increases are moderating overall, with inflation driven by specific,
00:15isolated factors, despite being above the Fed's 2% goal.
00:19Stock futures reacted minimally, showing a mixed opening, while Treasury yields remain higher.
00:24Traders widely anticipate another rate cut from the Fed at the December meeting,
00:28following cuts in September and November.
00:30For all things money, visit Benzinga.com.