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U.S. Producer Inflation Slows to 5.5% in June, Below Forecasts

U.S. producer price inflation eased to 5.5% in June, coming in well below the 6.2% consensus estimate. The sharper-than-expected cooling suggests wholesale cost pressures are fading across the domestic supply chain. The data add flexibility for the Federal Reserve as core inflation measures continue to move toward normalization.
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