0519 GMT - For the Federal Reserve, a cooler-than-expected PPI report is a welcome development, TruStage's Steve Rick says in a note. "It would suggest that inflation may be gradually moving closer to the Fed's goal and could reinforce expectations that policymakers can remain on hold rather than considering additional rate increases," the chief economist says. While the inflation fight isn't over, softer pricing data would be another step toward achieving a better balance between price stability and a healthy labor market, he says. (emese.bartha@wsj.com)
(END) Dow Jones Newswires
July 16, 2026 01:19 ET (05:19 GMT)
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