Partly reflecting a notable increase in prices for services, the Labor Department released a report on Tuesday showing U.S. producer prices climbed by more than expected in the month of July.
The Labor Department said its producer price index for final demand rose by 0.6 percent in July after dipping by 0.2 percent in June.
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Forex News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.