U.S. August PPI year-on-year growth exceeds expectations, still far above the Fed's inflation target Wholesale prices in the U.S. rose in August The released PPI report could play a key role in the Fed's upcoming rate decision Data shows that August PPI, seasonally adjusted, rose 0.4% month-on-month, in line with market expectations, and increased 5.4% year-on-year, still far above the Fed's 2% inflation target, while exceeding market expectations by 0.1 percentage points. Rate hike expectations are still rising! bitcoin:native