U.S. producer prices were unchanged in September as a small rise in the cost of services was offset by cheaper goods, pointing to a still-favorable inflation outlook and supporting views that the Federal Reserve would cut interest rates again next month.

In another sign of easing U.S. inflation, Producer Price Index September wholesale inflation was unchanged Friday, lower than the 0.1% expected by surveyed Dow economists. It rose 1.8% from September 2023.

Inflation for US producers slowed further in September, adding to hopes that prices aren’t getting jacked up before they get to consumers.

Consumer prices rose 3.7% in September compared to a year ago, holding steady from the previous month and running hotter than economists had expected. While inflation has fallen significantly from a peak of about 9% last summer,

Inflation, as measured by the producer price index, fell a tenth of a percentage point to 1.8% for the year ending in September, the Bureau of Labor Statistics reported Friday in some good news for the Federal Reserve and Vice President Kamala Harris.

Headline inflation fell to 8.6% y/y in Russia in September but this was a touch less than expected and the breakdown showed that core price pressures are easing only very slowly. It now looks very likely that the central bank will raise interest rates from 19% to 20% later this month,