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So much for the mainstream media trying to convince you that the economy is bad, and that Donald Trump's tariffs are going to cause inflation. Wholesale prices dropped in August.
Prices went down by 0.1% in August. They were expected to rise by 0.3%.
The core PPI, which excludes volatile food and energy prices, also was off 0.1% after being expected to climb 0.3% as well. Excluding food, energy and trade, the PPI posted a 0.3% gain and was up 2.8% from a year ago.
The Federal Reserve meets next Tuesday and Wednesday, and is widely expected to cut interest rates for the first time this year.