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Producer Price Index for August comes in higher than expected

Name: Producer Price Index for August comes in higher than expected
Uploaded: 2023-09-14T09:01:00-0400
Duration: 3 min 59 s
Description: The producer price index rose seven-tenths of a percent in August, a spike driven by the cost of energy. Hope King, senior business reporter for Axios, joined CBS News to discuss what the number means and if it will lead to another interest rate hike from the Fed.

The producer price index rose seven-tenths of a percent in August, a spike driven by the cost of energy. Hope King, senior business reporter for Axios, joined CBS News to discuss what the number means and if it will lead to another interest rate hike from the Fed.