The Producer Price Index increased 0.9% in July from the previous month, the Labor Department reported. The index, which measures price changes on products and services before they reach consumers, showed prices increased 3.3% in July from a year before. Prices for final demand less foods, energy and trade services increased rose 0.6% from the previous month and 2.8% from a year before.
Warsh to be sworn in as Fed chair on Friday
President Trump will host a swearing-in ceremony on Friday for incoming Federal Reserve Chairman Kevin Warsh, according to a news report. Jerome Powell is currently serving as chair pro tempore.









