Wholesale inflation unexpectedly fell in August, teeing up Fed for interest rate cut next week
1. Wholesale prices fell 0.1% in August, surprising analysts' expectations. 2. Core PPI also decreased 0.1%, indicating inflationary pressures are easing. 3. Traders expect a 100% chance of an interest rate cut by the Fed. 4. Companies are absorbing tariff costs, but price hikes might soon follow. 5. Job growth revised down sharply, showing a weaker labor market outlook.