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US producer prices holds at 2.6% in May; wholesale prices rose 0.1% from April, Fed seen staying cautious on rate cuts
US producer prices saw a modest rise in May, signaling that inflation remains under control despite ongoing trade tensions. The Producer Price Index increased by 2.6% year-on-year, with a slight monthly gain of 0.1%. Core wholesale prices also edged up, while energy prices remained stable.
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